Pakistan National Shipping shelves plan for offshore storages

As several countries are struggling to buy cheaper oil amid a drastic plunge in demand due to the coronavirus fuelled lockdowns, Pakistan’s attempts to take advantage of the slump in oil prices have failed due to lack of strategic storages in the country.

World’s Largest Containership Departs China with Record Load

South Korean shipping line HMM said its new HMM Algeciras departed the Port of Yantian on May 8 bound for Rotterdam with 19,621 TEUs loaded on board.

5 ways 5G is more vulnerable to cyber attacks

5G technology is developing within the shipping industry with many ports installing 5G networks for improved operations. In May's Phish and Ships issue, Be Cyber Aware At Sea discusses the challenges of cyber risk arising and the importance of 5G as one of the biggest technological advance.

MPC Container Ships Joins Scrubber Ordering Wave

Norwegian shipowner MPC Container Ships has entered into agreements for the purchase of exhaust gas cleaning systems for five of its ships.

Maersk Supply Unlikely to Be Sold by Year End

A. P. Moller Maersk doesn’t expect to finalize the sale of its Maersk Supply Service business by the end of 2018 as planned earlier, Vincent Clerk, Maersk’s Executive Vice President said in a conference call today.

ABB Signs Marine Automation Deal in China

Technology company ABB has won its first marine automation system contract for a cruise ferry in China.

CargoX Launches Smart Blockchain Platform

CargoX has launched the Smart B/L platform, the first open and neutral blockchain platform in the shipping industry for real-world commercial use.

Novatek Ships 1st LNG to CNOOC

Russian natural gas producer PAO Novatek has shipped its first cargo of LNG produced from the Yamal LNG project to China National Offshore Oil Corporation (CNOOC), expanding its customer base in China.

China and Singapore Deepen Free Trade Commitment

China and Singapore have agreed to update their free trade agreement to include agreements on customs clearance, ecology and financial technologies.

Missing Unlit Dry Dock Turns Up in The Bahamas After More Than a Year at Sea

The saga of the unlit section of dry dock that has been floating around the Atlantic Ocean for more than a year now may finally be coming to a close after it turned up in the Exuma island chain last week.