News

A total of 674 ocean-going commercial ships and offshore units were sold to the scrapyards in 2019, according to new data released by NGO Shipbreaking Platform. Of these vessels, 469 large tankers, bulkers, floating...

Japan has filed a new petition with the World Trade Organization (WTO) against South Korea concerning alleged aid provided by the Korean government to the country’s shipbuilding industry. In late January 2020, Japan...

Coconut charcoal has been identified as the likely cause of last year’s fire on board the containership Yantian Express, according to a report published by Germany’s Federal Bureau of Maritime Casualty Investigation (BSU...

Japanese shipping company NYK has placed an order to build a second LNG-fueled pure car and truck carrier (PCTC) with Shin Kurushima Dockyard Co. The vessel is scheduled to be delivered in 2022 and will become NYK’s...

Lithuanian company AB Klaipedos Nafta (KN) has been appointed as the operator of a liquefied natural gas (LNG) terminal in the Brazilian Port of Açu. KN, KN Açu Serviços de Terminal de GNL Ltda. (Brazilian SPV) and Gas...

Dutch tank storage company Royal Vopak has completed the divestment of its oil terminal in Algeciras, Spain. In April 2019, Vopak inked an agreement with First State Investments for the sale of 100% of the shares in...

A cruise ship operated by German cruise line AIDA Cruises has been refused entry at the port of Castries, Saint Lucia, with some passengers on board having respiratory issues. On February 1, 2020, the AIDAperla, carrying...

As the United Kingdom stopped being a member of the European Union on January 31, 2020, European shipowners have called on both UK and EU regulators to continue their close alignment when it comes to shipping issues. The...

The European Commission has approved the formation of a new joint venture between French shipping major CMA CGM and Chinese logistics company China International Marine Containers Neocontainer (CIMC Neocontainer), part...

German shipping major Hapag-Lloyd is conducting the first biofuel test on one of its vessels in an effort to reduce the company’s CO2 footprint. The 4,402 TEU containership Montreal Express was recently refueled with a...