Shipping

Delivery of modern capesize bulker adds capacity for Tomini

(Posted on 18/08/23)

Tomini Shipping, a world class dry bulk ship owner, has reached yet another milestone in their expansion journey with the acquisition of Tomini K12.This Chinese-built capesize bulk cargo ship of 208,286 DWT will be the largest carrier in their existing fleet.The maritime industry is deeply engrained in Tomini Shipping’s cultural...

Shipowners urged to take proactive stance to cut demurrage costs and risks

(Posted on 14/08/23)

Voyager, the operations and demurrage management platform for bulk commodity shipping, is urging shipping companies to take a proactive stance and adopt a number of Best Practices in order to reduce the costs and risks of demurrage.A dramatic surge in port congestion and associated supply chain disruptions have led to longer waiting...

Algoma growth amidst changing markets and economic challenges

(Posted on 09/08/23)

Algoma Central Corporation has reported its results for the three and six months ended June 30, 2023."This year we have focused on driving long-term value for our stakeholders by optimizing our diversified growth, while maintaining our operating vigilance in changing markets," said Gregg Ruhl, President and CEO of Algoma. "Historically...

INTERCARGO Warning against complacency over liquefaction deaths

(Posted on 01/08/23)

Cargo liquefaction still remains the greatest contributor to loss of life associated with bulk carrier losses while grounding remains the main cause of ship losses, according to the recently published Bulk Carrier Casualty Report 2013-2022 from INTERCARGO.The document was submitted to the International Maritime Organization in May...

HEMEXPO and DNV agreement on energy-saving devices capability assessment

(Posted on 01/08/23)

Hellenic Marine Equipment Manufacturers and Exporters – a leading suppliers and exporters association for the international shipping sector, has reached an agreement with the world’s leading classification society, DNV, for the assessment of energy-saving devices (ESDs) produced by HEMEXPO member companies.Under the...

DNV and UAE to establish Maritime Decarbonization Centre

(Posted on 25/07/23)

At a ceremony at the IMO headquarters in London, H.E Suhail Al Mazrouei, United Arab Emirates (UAE) Minister of Energy and Infrastructure, and Knut Ørbeck-Nilssen, CEO DNV Maritime, representing the Foundation Det Norske Veritas, have signed a Memorandum of Understanding (MOU) on establishing a new UAE Decarbonization Centre...