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Panama Canal Authority says it has won $265 mln arbitration case

The Panama Canal Authority said it won an arbitration ruling on Friday for $265 million to be returned to it from the consortium that built a third set of locks for the key transoceanic waterway. The authority cited a...

Wilhelmsen and thyssenkrupp step-up collaboration, establishing 3D printing joint venture targeting the maritime industry

Utilizing thyssenkrupp’s deep expertise in additive manufacturing, alongside Wilhelmsen’s long standing maritime service and supply know-how, the maritime company’s recent experiences from its 3DP Early Adopter Program will be an important steppingstone for the new venture. The program, where...

ZIM – Is the timing right for an IPO?

According to reports, Israeli shipping line ZIM is considering an initial public offering (IPO), following the company’s most profitable quarter in a decade. Meanwhile, this will be the fourth attempt by ZIM for an IPO after three previous unsuccessful...

Supramax sales in the spotlight

Over the last couple of weeks we have seen the surge of interest on the Supramax/Ultramax sector, with numerous vessels of that segment under close negotiation and various transactions concluded, which demonstrate a somehow entrenched asset values landscape. A...

‘Robo-ships’ offer lifeline for Japan’s shorthanded industry

A group of 40 Japanese shipping companies, shipbuilders and technology companies aims to have remote-control vessels ply Japanese waters as early as 2025, a potential life preserver for a graying industry suffering from a chronic labor shortage. The project...

Marshall Islands Achieves Its Highest Ranking with the Paris MoU

European ports and waters remain critical to global infrastructure and International Registries, Inc.’s (IRI’s) Roosendaal office has remained focused on keeping Republic of the Marshall Islands (RMI) flagged vessels traveling and trading in Europe even during the most restrictive...

Kongsberg Digital wins contract to deliver cutting-edge engine room simulator to German training institute

Kongsberg Digital (KDI) is pleased to reveal that it has won an international public tender to supply the Maritime Center in Flensburg University of Applied Sciences in Germany with a complete K-Sim engine room simulator package. Scheduled for August...

How IMO 2020 turned into the Y2K of ocean shipping

FreightWaves to shipping analyst: “So, we’re doing a follow-up story about IMO 2020 and scrubbers …” Shipping analyst to FreightWaves: “Oh, Jesus.” IMO 2020 is the Y2K of ocean shipping. After years of dire warnings on fallout to world...

LNG tanker Bu Samra due to arrive at Britain’s Isle of Grain on Oct....

Liquefied natural gas tanker Bu Samra is due to arrive at Britain’s Isle of Grain terminal on Oct. 5, Refinitiv Eikon data showed. The tanker is coming from Qatar and has a capacity of 261,000 cubic metres. Source: Reuters...

Global Shipping In Crisis: World Leaders Ignoring The S.O.S.

How many more signals do world leaders need to see to believe that global shipping is an industry in meltdown? Between 200,000 and 400,000 seafarers are stranded in vessels around the world. They have been unable to leave their...

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Plans for Teignmouth boatyard

Teignmouth Maritime Properties Ltd has unveiled its plans for the multimillion-pound regeneration of the Riverside Boatyard in Teignmouth, UK with a first 3D visualisation...

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