The global shipping industry is holding its breath anxiously watching the emerging conflict between Israel and Iran as is the world. Analysts are scrambling to predict the potential impact on shipping while security services are issuing cautions and some nations are...
Canadian firm Trigon Pacific Terminals intends to increase bulk liquefied petroleum gas (LPG) exports to Asian markets after reaching a final investment decision (FID) on a C$750 million (US$552 million) export facility at the Port of Prince Rupert, British Columbia....
A team of experts is planning to carry out a detailed survey of a British World War I warship sitting at the bottom of the sea, hoping that it can serve as a blueprint for tackling the environmental time bombs of wartime shipwrecks. The team from Britain’s Ministry of...
Industrial carbon capture and storage is about to take off, according to DNV. Capacity will quadruple with $80 billion in investment by 2030, and will continue to expand through 2050, DNV predicts – and shipping will be along for the ride. The concept of...
The crew of a Chinese cargo ship is thankful for a Korean bulker that came to their aid. The Run Fun 3 (32,115 dwt) was taking on water in a remote part of the Indian Ocean when it issued a distress call early on Wednesday, June 11. The reports place the...
The Korean Central News Agency (KCNA) reported the destroyer that was damaged in a failed launch just over two weeks ago has been successfully launched and moved to a berth. While saying the 5,000-ton vessel requires re-examination, they are predicting the vessel will...
