Shipping
Veson: Bulker newbuilding values at 15-year high
(Posted on 01/06/24)Values for newbuild vessels of 180,000 DWT are up by c.5.45% from USD 66.09 mil to USD 69.63 mil according to Rebecca Galanopoulos Jones, Senior Content Analyst at Veson Nautical.Bulker newbuilding values are currently at 15-year high, with increases across all sectors since the start of the year. This is due to a number of factors...
NorthStandard annual review figures verify value of scale and reach
(Posted on 31/05/24)Global marine insurer, NorthStandard, recorded increases in premium income, investment returns, and free reserves for the 2023/24 policy year. The combined net ratio, used to measure underwriting performance, also improved from the previous year.With its enhanced ‘A’ stable rating from S&P, NorthStandard is now one...
VIKAND and Riverr forge srategic partnership
(Posted on 31/05/24)VIKAND, the global leader in maritime healthcare, and Riverr, a pioneering AI deeptech start-up based in Singapore, join forces to revolutionize healthcare management for millions of seafarers worldwide, leveraging advanced AI and machine learning to unlock valuable healthcare data and significantly improve onboard health and safety...
CMB.TECH and Damen agreement for hydrogen-powered tugs
(Posted on 28/05/24)CMB.TECH and Damen have announced their collaboration on hydrogen-powered ASD Tugs. Built by Damen, these vessels use CMB.TECH's innovative dual fuel hydrogen technology that will significantly reduce emissions.CMB.TECH and Euronav together represent a group with approximately 150 ocean-going vessels in dry bulk, container shipping...
Female cadets seeing growing acceptance says Columbia Group
(Posted on 22/05/24)The maritime sector is at a crossroads, grappling with an evolution that is as necessary as it is overdue - the integration and empowerment of women within its ranks.Since Columbia Group’s establishment of its female cadet mentoring programme, it is witnessing transformative changes that signal a brighter, more inclusive future...
Shipping needs radical overhaul of corporate governance
(Posted on 22/05/24)Captain Pappu Sastry, CEO of Adhira Shipping and Logistics (ASL) is calling for a radical restructuring of corporate governance in shipping to relieve pressure on crew and ship managers and provide professional oversight of shipping companies and owners.Shipping is failing to ensure the necessary oversight of operations, finance...
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