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Apr 06, 2020

COVID-19 Crisis: 114 Cruise Ships Are in or near US Waters

In times when the cruise industry is struggling to survive the coronavirus pandemic, a total of 114 cruise ships, carrying 93,000 crew members, are currently in or near US ports and…

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Apr 03, 2020

Sand: Massive Supply-Demand Imbalance Upon Us

Saudi Arabia’s decision to flood the market with crude oil at a time when demand is in doldrums amid coronavirus pandemic is about to create a massive supply-demand imbalance,…

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Apr 02, 2020

Israeli Businessman Eli Tilles Confident About Winning Haifa Privatization Tender

Port of Haifa In January 2020, Israel’s government gave the final green light for the privatization of the country’s biggest port, the Port of Haifa. Under the plan, the state wants…

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Apr 01, 2020

APM Terminals Mobile Bolsters Handling Capacity

The APM Terminals Mobile facility in Alabama has handled two container ships simultaneously for the first time at its newly expanded berth. The Alabama Port Authority completed its…

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Mar 23, 2020

Scrubber Investment Case Undermined as Low-Sulphur Premium Drops

The latest geopolitical events dominated by the downfall of the global economy as a result of the Covid-19 pandemic as well as the latest oil price war have had a major impact on the industry…

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Mar 13, 2020

NYK Announces World’s 1st Onboard Use of Digital Currency

Japanese shipping giant NYK unveiled what it claims to be the world’s first onboard use of digital currency. The transaction was carried out through the MarCoPay fintech platform,…

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Mar 06, 2020

20 Capesize Bulkers Scrapped Already in 2020

Poor bulker markets have pushed owners to scrap 20 Capesize bulkers so far this year against 8 in 2019, year to date data from VesselsValue shows. In total, only 27 units were scrapped…

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Mar 05, 2020

Mayflower Autonomous Ship’s AI Captain Takes to Sea

A new ‘AI Captain’, which will enable the Mayflower Autonomous Ship (MAS) to self-navigate across the Atlantic later this year, is to go to sea this month for testing,…

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Mar 05, 2020

IBM: Sea Trials Begin for Mayflower Autonomous Ship’s ‘AI Captain’

A new ‘AI Captain’, which will enable the Mayflower Autonomous Ship (MAS) to self-navigate across the Atlantic later this year, is to go to sea this month for testing,…

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Mar 04, 2020

China Overtakes Germany as Biggest Containership Nation

China has overtaken Germany as the biggest nation in the container shipping sector in terms of total TEU. “The fact that China would overtake us in this respect was quite foreseeable:…

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