Browsing category


Two of the world’s first LNG Dual-Fuel Dynamic Positioning Shuttle Tankers unveiled in South Korea​

Next-generation DPSTs to serve on long-term charter to Norway’s Equinor 16 October 2019 – AET, leading petroleum tanker owner and operator, today named its newest vessels, two of the world’s first LNG Dual-Fuel Dynamic Positioning Shuttle Tankers (DPSTs). The vessels, the cleanest DPSTs ever built, will emit 40-48% less carbon than equivalent vessels built in […]

Singaporean company fined for beaching attempt out of Norway

A Singapore company has accepted and paid a NOK 7 million (691,835 EUR) fine for violation of the Pollution Control Act and the General Civil Penal Code as a consequence of an attempt to illegally export the Harrier for scrapping. The company deliberately deceived Norwegian authorities by presenting false documentation.    – Kjetil Sørensen, Senior […]

Wartsila and Norsepower sign agreement to strengthen global wind propulsion service network

The technology group Wärtsilä and Norsepower, a leading provider of low maintenance, software operated, data verified auxiliary wind propulsion systems, have signed a service cooperation agreement. This will enable Norsepower to order service work from Wärtsilä, while Wärtsilä can pursue and sell Norsepower Rotor Sail projects with support from Norsepower. The agreement was signed in […]

Agents encouraged to act quickly on shippers’ instructions, warns ITIC

International Transport Intermediaries Club (ITIC) warns agents to respond to shippers’ requests in good time, or face the possibility of financial penalties. The insurer cites a recent case where a container of frozen beef was being carried on a liner service from Australia to China. Seven days after the vessel had departed, the shipper noticed […]

Foreship partners with Vaaka to realize global ambitions

Private equity investor Vaaka Partners has become the majority shareholder of Foreship LTD, a Finnish company specializing in ship design and engineering. With headquarters in Helsinki, Finland and more than 100 naval architects and marine engineering experts on board, Foreship is a market leader in cruise ship design, refits and ship life-cycle projects. The company […]


ONE SEA, the industry alliance bringing together leading exponents of autonomous ship technology, has made a significant addition to its growing membership, after signing up Awake.AI – a company led by an experienced team of maritime digital innovators. Awake.AI is aiming to create a new platform and ML models (Machine learning) based on transparent data […]

Panama Canal Closes 2019 Fiscal Year with Record Tonnage

The Panama Canal has closed the 2019 fiscal year (FY19) with a record tonnage of 469 million Panama Canal tons (PC/UMS), a 6.2 percent increase compared to FY2018. With this figure, the waterway exceeds the 450.7 million PC/UMS tons projection for FY2019, as well as the record tonnage of 442 million PC/UMS tons registered in […]

„Valiant Shipping“ hid itself in a rabbit’s hole

Varna, Bulgaria ( – For the second day in a row the Greece-based company Valiant Shipping SA is avoiding the questions of related to the tragic accident from the 7th of October, during which a young Bulgarian sailor died on board of passenger RO-RO – EUROFERRY MALTA (IMO: 9108556, MMSI: 256121000). The Greek company […]