Shipping Industry
8 stories tagged Shipping Industry.
Maritime Industry Grapples with Vessel Data Ownership and Access Challenges
The increasingly digitalized shipping sector faces complexities regarding the ownership, access, and utilization of data generated by vessels, impacting various stakeholders.
UK Chamber of Shipping Stresses Practical Measures for Maritime Decarbonization
The UK Chamber of Shipping highlights the need for tangible support mechanisms for investment in decarbonization, following the Department for Transport's review of its Net Zero Ports strategy.
COSCO Shipping Energy Reports Significant Profit Growth in First Half
The shipping giant has announced a substantial increase in its first-half net profit, driven by market conditions affecting tanker rates.
SFL Corp. Reports Strong Quarter Amidst Elevated Tanker Market Conditions
The shipping company has announced significant financial performance, primarily driven by robust rates in the crude oil and product tanker sectors.
OOCL Christens Second Methanol Dual-Fuel Container Vessel
The new 24,000 TEU vessel joins the carrier's fleet, reinforcing its commitment to alternative marine fuels.
Diesel Refining Margins Projected for Significant Increase
Projections indicate a potential surge in diesel refining profitability, influencing market dynamics for fuel oil and related commodities.
US Refining Sector Anticipates Robust First-Quarter Performance
Analysis suggests improved fuel product margins are poised to positively impact the financial results of US refiners for the initial quarter of the year.
Samsung Heavy Industries Secures New Container Ship Construction Contract
The South Korean shipbuilder has finalized an agreement for two container vessels with an African shipping company, valued at over $336 million.