Algoma Central Corporation has reported its results for the three months ended March 31, 2022. Revenues increased 10% to $85,103, compared to $77,599 in 2021. The Company reported a 13% improvement in net loss and a 68% improvement in EBITDA. Due to the closing of the canal system and the winter weather conditions on the Great Lakes...
The International Association of Dry Cargo Shipowners (INTERCARGO) has launched the thirteenth edition of its Benchmarking Report, providing a unique and real time insight into safety standards in the dry bulk sector.A highlight of the Report was the finding that INTERCARGO members demonstrated improved performance compared with...
Leading Classification Society ClassNK has issued an Approval in Principle (AiP) for the design of an ammonia-ready LNG-fueled Panamax bulk carrier developed by Planning and Design Center for Greener Ships (GSC).Ammonia is expected to be used as ship fuel for decarbonization since it does not emit CO2 when burned. Meanwhile, taking...
Inmarsat, the world leader in global, mobile satellite communications, has launched Fleet Secure Unified Threat Management (UTM), as a standard option on Inmarsat’s award-winning Fleet Xpress service, protecting vessel networks against cyberattacks.Fleet Secure UTM completes a portfolio of Inmarsat cyber security solutions...
AD Ports Group has announced that its feeder service, SAFEEN Feeders, has signed a long-term trade facilitation and shipping agreement with Saif Powertec Limited, a listed firm in Bangladesh that is active in ports, logistics, civil engineering, and power sectors.Under the terms of the agreement, the two companies will work closely...
Columbia Shipmanagement, together with its owning company and its clients, have raised an unprecedented €1.4 million and assembled a team of 320 psychologists, mostly from Ukraine, to aid traumatised families of seafarers who have been impacted by the war in UkraineThe package of measures, financed by the newly set-up Columbia...