Pakistan has prohibited the use of open-loop scrubbers by ships in its waters, the latest country to tighten restrictions on the use of the cleaning devices which strip sulfur from marine fuel and empty the residue in the sea
The Belgian port of Zeebrugge handled a total volume of 45.8 million tonnes in 2019. This 14.2 percent growth is the result of advancement in all important sectors
The global shipping market is set for a recovery, benefiting from new global rules on marine fuels that came into effect at the beginning of the year after more than a decade of tough market conditions
Fincantieri has been awarded a prestigious order, worth almost 100 million euros, for a number of high-profile equipment furniture and installations as part of the International Thermonuclear Experimental Reactor
Shipping company MSC and France’s Saint Nazaire shipyard won a 2 billion euros ($2.2 billion) deal to build two cruise liners
At least $1 trillion of investment in new fuel technology is needed to enable the shipping industry to meet U.N. targets for cuts in carbon emissions by 2050
In preparations to host the 2022 World Cup, Qetaifan Projects, a Katara Hospitality owned company signed a memorandum of understanding with Admares
Strict enforcement of competition rules in the European Union prevents the development of the global champions necessary to compete with Chinese and U.S. companies
Coastal nations around the Singapore Strait must step up surveillance and patrols of the strategic waterway after a sharp rise in piracy incidents last year
Ilya Espino de Marotta took office as Deputy Administrator of the Panama Canal, making history as the first woman to ever hold the position.
Attorneys general from 16 U.S. states have opposed a Trump administration proposal to ship liquefied natural gas by rail
The 45-km Kanal Istanbul, which should be completed in 2026 and link the Black Sea and the Marmara Sea, aims to ease traffic and prevent accidents along the nearby Bosphorus Strait
A Russian gas tanker that is used to secure energy supplies in the west Russian enclave of Kaliningrad has arrived back in the region after being leased out to transport U.S.-produced LNG to Europe
The Hamburg Port Authority commissioned the dredging work to implement the fairway adjustment of the Lower and Outer Elbe in the area of the Port of Hamburg
Chinese maritime authorities found a South Korean-flagged container vessel using marine fuel that exceeds the sulfur cap under new global emission rules
Dutch shipyard Damen made the only feasible offer to build Germany’s new multi-role warship MKS 180 in an alliance with its Bremen-based partner Luerssen
Maersk plans to focus on premium services such as cold storage and digital solutions to avoid competing with its own freight-forwarding clients as it expands in the land transportation business
Due to droughts, Panama will impose a “freshwater” charge on ships for use of water from a lake needed to maintain the Panama Canal’s levels
Egypt wants to create an investment arm to channel funds to projects along the Suez Canal to take advantage of proximity to one of the world’s busiest shipping lanes, the chairman of The Suez Canal Economic Zone said
Deliveries to Hong Kong soared around 375 percent in 2019 compared with 2018. Singapore was another important market for local shipbuilders as their sales to the city state stood at $38.8 million
Reported every Friday (except Chinese holidays), the NCFI was first published in September 2013
According to the research firm Markets & Markets, the aviation blockchain market size is expected to reach USD 1,394 million by 2025 from USD 421 million in 2019, at a CAGR of 22.1% from 2019 to 20
“I am very excited to be joining BIMCO at this critical time for the industry where a volatile market, new technology and increasing environmental regulation are all having a significant impact."
Strikes over pension reform in France could slow grain exports from this month by preventing enough supplies from reaching ports and by making the French crop too expensive to compete overseas
With his death, the region loses a trusted and seasoned leader, seen as the father of modern Oman, who balanced ties between two neighbours locked in a regional struggle, Saudi Arabia to the west and Iran to the north, as well as the United States
The capesize index fell 89 points, or 7.7%, to 1,066 – its lowest since April 29. Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes including iron ore and coal, increased $239 to $9,438
The Piraeus Port Authority, a subsidiary of China’s Cosco Shipping Group, anticipates a further increase in 2020, according to Deputy Manager for Public and Investor Relations Nektarios Demenopoulos
Ships globally have switched to lower sulphur fuels, or use emissions-removing devices, to comply with new rules imposed by the International Maritime Organization this year
