Red Sea diversions boost MOL’s boxship bottom line, but not enough to lift full-year results
Japanese owner says it would have posted an increase in annual profit, but for the poor performance of its liner segment
April 2024
Indian Register of Shipping Partners with MARIN
The Indian Register of Shipping (IRS) has signed a Memorandum of Understanding (MoU) with the Maritime Research Institute Netherlands (MARIN) for collaboration on hydrodynamic studies and model testing on ongoing new construction projects.The…
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Ammonia Cracking Technology Receives LR Approval in Principle
H2SITE’s AMMONIA to H2POWER technology for ammonia cracking onboard has received Approval in Principle (AiP) from Lloyd’s Register (LR).The technology is an onboard containerized solution that produces fuel-cell-quality hydrogen using ammonia.
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Samudera sees freight rates sink almost one third in first quarter
Singapore-listed shipowner said the operating environment has been challenging due to port congestion
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IMO Finalizes Guidelines on Fair Treatment of Seafarers
The IMO’s Legal Committee met in person for its 111th session at IMO Headquarters in London from April 22 to 26 April 2024, and finalized guidelines on the fair treatment of seafarers detained on suspicion of committing crimes.These are to be…
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