New GENCON charter party expected in 2021

The revision of BIMCO’s most widely used voyage charter party – GENCON – is entering its completion phase, as the drafting team will meet during the autumn to process invaluable feedback received by the industry over the summer. During...

GESCO to optimize engine performance across its fleet with ABB Ability™ Tekomar XPERT

The Great Eastern Shipping Company (GESCO) is to install ABB Ability™ Tekomar XPERT engine performance monitoring and diagnostic software across its fleet of 46 tankers and bulk carriers. The development, marking the first time that India’s largest private ship...

Freight rate of American routes rises with more orders from US

On Saturday morning, lines of container lorries were waiting to discharge cargo at the Shanghai International Port (Group) Co (SIPG), while there were also many empty trucks and ships ready to load goods. Transport vehicles were moving around frequently,...

Inmarsat Fleet LTE Service Coverage Extended To Gulf Of Mexico Following Successful Trials With...

Inmarsat, the world leader in global mobile satellite communications, will extend its unique ‘three-in-one’ Fleet LTE coverage for offshore service vessels to the Gulf of Mexico, following successful trials with V.Ships Offshore in the North Sea area. In conjunction...

Mitsui O.S.K. Lines Expects Upward Revision For 2020 Year, As Cargo Movements Recover

Mitsui O.S.K. Lines, Ltd. (the Company; President & CEO: Junichiro Ikeda) yesterday announced consolidated business forecast and dividend forecast for fiscal year 2020 (April 1st, 2020 to March 31st, 2021), which was previously released on July 31st, 2020, as...

Nor-Shipping 2021: Crisis and awakening

Knut Ørbeck-Nilssen, CEO Maritime at DNV GL, sees opportunity in the challenge of the Coronavirus pandemic, but stresses that immediate concerns demand rapid solutions. Collaboration is crucial, he says, with platforms like Nor-Shipping 2021 emerging as key enablers. “It...

Wärtsilä ranked first in UN challenge to fight climate change with big data

The technology group Wärtsilä has been awarded first prize in the United Nations’ AIS Big Data Hackathon, which took place in early September 2020. Altogether, teams from 17 organisations were selected to participate in the event, with Wärtsilä being...

Cyprus SDM supports World Maritime Day with plans for new green incentives and continuing...

The theme of this year’s World Maritime Day is sustainable shipping for a sustainable planet. Following the appointment of Mr. Vassilios Demetriades as the new Shipping Deputy Minister, the Cyprus Shipping Deputy Ministry (SDM) is proud to reinforce its...

Pakistan Navy pledges support towards maritime, shipping sector

Chief of Naval Staff (CNS) Admiral Zafar Mahmood Abbasi in his special message on this World Maritime Day said Pakistan Navy pledged full support towards development of maritime sector in general and shipping industry in particular. He said, “We...

Life Below Water Matters: IEC Telecom Supports World Maritime Day 2020 Initiative with Solutions...

IEC Telecom Group (IEC Telecom), satcom solutions provider, supports the World Maritime Day 2020 theme “Sustainable shipping for a sustainable planet” by encouraging the fishing industry to adopt improved data collection procedures in an effort to curb overfishing of...