US, China Finalize Deal to Suspend December Tariffs

The United States and China have sealed the agreement on what has been dubbed as the ‘first phase’ of the long-debated trade deal, putting a brake on the ongoing trade tensions between the two superp...

GoodFuels, BTG to Support Shipping’s Low Carbon Fuels Demand through Bio-Refinery

Dutch technology group GoodFuels and Biomass Technology Group (BTG) are exploring the options for a joint investment in a new high-tech company that can convert crude pyrolysis oil into diesel fuel sui...

US: Firms Given Time to Wind Down Business with COSCO Units

The U.S. Treasury Department has issued an almost two-month waiver providing companies that deal with COSCO units time to wind down their transactions.The waiver, issues on October 24, allows “mainten...

P&O Ferries Orders Next-Generation English Channel Ships

Pan-European ferry and logistics company P&O Ferries has signed a contract with China’s shipbuilder Guangzhou Shipyard International worth EUR 260 million (USD 286.13 million) to deliver a new gen...

Indonesia to Delay Sulphur Cap Implementation in Its Waters

Indonesia would not switch to low-sulphur fuel from January 1, 2020, due to abundant supplies of 3.5% sulphur content fuel, Reuters said citing the country’s transport ministry.Namely, the authorities...

SHI Secures Order for Asian FPSO Unit

South Korean shipbuilder Samsung Heavy Industries (SHI) has received an order for the construction of a floating

Port of Amsterdam Joins H2SHIPS Project

Dutch Port of Amsterdam has become a partner in the European project H2SHIPS which will focus on the introduction of hydrogen as a marine fuel.As explained, the Interreg North-West Europe project...

Odfjell Names Two Next Generation Chemical Tankers

Norwegian shipping and tank terminal company Odfjell held a naming ceremony for its next generation chemical tanker duo at the Hudong-Zhonghua shipyard in China on July 1.The ceremony marks a milestone...

USD 1 Bn Worth of Cocaine Seized from MSC Ship in Philadelphia

U.S. authorities have seized over 16 tons of cocaine from an MSC containership at the Packer Marine Terminal in Philadelphia, prosecutors said on June 18.The drugs were seized from the 2018-built Neopa...

Global Ship Lease Inks Two Charter Deals with MSC, Maersk Line

UK-based containership charter owner Global Ship Lease (GSL) has agreed new charters for two of its vessels with container shipping majors.Both charters are commencing this June and include the 2,824 T...