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Monthly Archives: December 2018

Navios Maritime Acquires Box Ships

Monaco-based container shipping company Navios Maritime Containers  announced that it agreed to acquire two 2010-built, 4,360 TEU containerships for $23.6 million from an unrelated third party.The two containerships are expected to be delivered in the ...
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Prelude FLNG to Start Producing at End-2018

Royal Dutch Shell expects production at its Prelude floating liquefied natural gas (LNG) unit to start at the end of the year, a spokeswoman told Reuters on Tuesday."We continue to progress Prelude towards operations, with safety and quality being our ...
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Baltic Index Snaps 4-day Losing Streak

The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, marked its first gain in five days on Tuesday, helped by firmer rates across vessel segments.The overall index, which factors in rates for capesiz...
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MBL’s Fuels Assurance Platform now being tested

Maritime Blockchain Labs has announced the real-world testing phase for technology solution that enhances traceability and trust in bunker fuel supply chain. Maritime Blockchain Labs (MBL), a partnership set up between Lloyd’s Register Foundation…
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Rising Ship Supply Eases LNG Charter Rates

Limited availability drove LNG shipping rates to highs; but prices now falling as more ship supply becomes available.Inflated spot charter rates for liquefied natural gas (LNG) tankers are easing as more ships becoming available, which could…
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ABB Enables Remotely Operated Ferry Trial

Ice-class passenger ferry Suomenlinna II was remotely piloted through test area near Helsinki harbor, proving that human oversight of vessels from anywhere is achievable with today’s technologies.With this historic trial in the Finnish capital’s port l...
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Iran Pushes Back on U.S. Sanctions

If Iran can not export oil then no country will export oil from the Gulf - Iran president.America should know that if Iran can not export oil then no country will export oil from the Gulf, Iranian President Hassan Rouhani said on Tuesday in a speech br...
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