A bulk ship operated by a Bulgarian business and flying the Malta flag was reportedly boarded on Thursday in the eastern Indian Ocean near Socotra Island in Yemen, according to a statement from the British maritime security company Ambrey. The incident occurred after a similar occurrence with the same vessel occurred earlier in the Arabian […]
Shippers are modifying their routes and keeping a tight eye on Suez Canal traffic as a result of growing security concerns in the Red Sea. Due to the recent increase in incidents, some maritime companies have avoided the region entirely, particularly in the Red Sea and Gulf of Aden. According to Bimco Secretary General David
Due To Security Concerns, Shippers Changed Routes And Monitored Suez Canal Traffic Read More »
Eagle Bulk Shipping of the United States and Star Bulk Carriers of Greece have amalgamated to establish the largest dry bulk shipping firm listed in the United States. The boards of directors of both firms have authorised the all-stock merger, which results in a pro forma market capitalization of $2.1 billion. When the acquisition is completed
India has been chosen as the pioneer lead country for the International. Maritime Organization’s (IMO) Green Voyage2050 Project, which aims to assist developing nations in their efforts to reduce GHG emissions from ships. The following projects have been chosen:• Ambuja Cements Limited installed a waste heat recovery system on a bulk carrier.• Inland ferry greening:
