ABS and HD Hyundai have signed a comprehensive memorandum of understanding (MoU) to continue working together on industry-leading autonomous projects. Building on shared efforts to expand the development of autonomous navigation technology into critical vessel machinery and safety systems, the organizations met again at the Consumer Electronics Show (CES) in Las Vegas to finalize the […]
Leading international satellite service operator IEC Telecom has kickstarted 2023 by introducing an innovative suite of services and solutions powered by Starlink. The new service portfolio has been designed to address specific communication requirements of a range of satcom users, from home office workers to international enterprises and maritime businesses. This announcement follows the signing […]
2022 has been another significant and positive year for Indian Register of Shipping(IRS) as the organisation goes from strength to strength. IRS has once again achieved strong and sustained business growth with inroads into new markets. The last 12 months has seen fleet addition of over 200 ships with more than 7 million GT – […]
Ocean Network Express (ONE) is pleased to announce that the Maputo/Mombasa India Middle East service (MIM) will increase its sailing frequency from fortnightly to weekly in January 2023. The increased frequency will begin from the Westbound sailing arriving at Jebel Ali on 20th January 2023 and the Eastbound sailing from Mombasa on 31st January 2023. […]
The latest figures compiled from the clearing houses have underlined the continued depth of the market for freight derivatives, both for tankers and dry bulk. According to the Baltic Exchange in 2022, the tanker market saw 734,972 lots traded (up 33% on 2021), whilst dry Forward Freight Agreement (FFA) volumes once again broke the 2 […]
