AI will only transform shipping once data, context, connectivity and fragmented workflows are finally brought together. The introduction to SplashTech’s brand new magazine. If one answer dominates SplashTech’s survey of maritime technology leaders, it is artificial intelligence. The more...
Chinese owner Fujian Highton Development is looking to raise up to RMB2bn ($295m) to bankroll a 16-ship acquisition programme spanning dry bulk and multipurpose heavylift tonnage. The Shanghai-listed company has unveiled a private placement of as many as 412.5m new A shares, equivalent to 30%...
Dorian LPG has secured a new $368.4m seven-year financing, consolidating four existing financing arrangements as the US-listed gas carrier owner pushes ahead with a new generation of VLGCs. The John Hadjipateras-led company has arranged a $213.4m term loan and $155.1m revolving facility priced...
The tanker market could experience an increase of flows from West to East in the coming years, following the 65 billion barrel deal between the US and Venezuela. In its latest weekly report, shipbroker Gibson said that “last Friday, President Trump announced that the US had reached an agreement...
Rates for shipping containers from east Asia and China to the US were mostly higher this week while rates for liquid chemical tankers ex-US Gulf were mostly softer, all while schedule reliability is decreasing because of congestion at Asia ports. PORT CONGESTION Global container vessel schedule...
Germany’s SAL Heavy Lift is moving to double its Orca-class programme in China, signing a memorandum of understanding with Wuhu Shipyard for five additional multipurpose heavylift vessels. The Harren Group company and Wuhu have signed the deal covering another five 14,600 dwt ships based on the...
Explore how Siemens Energy’s BlueDrive PlusC is helping reshape marine power and propulsion. This episode examines the evolution of low-voltage DC technology, its role in vessel electrification, and how flexible power architectures are enabling more efficient…
The captain and the 3rd Officer of the oil tanker, ALSU, which was recently involved in a collision with a cargo ship, were arrested by the police.