If You Build It, They Will Come In recent years we have seen a remarkable increase in VLCC flows out of the US Gulf (USG) as overall US crude production increased thanks to the shale revolution. Traditionally, most US crude cargoes are load

According to the Notice of the Ministry of Agriculture and Rural Affairs on Adjusting the System of Ocean Summer Fishing Ban, the 2023 summer fishing ban will be lifted gradually from 16th August. After the lift of fishing ban, a large numb

On August 10, 2023, CSSC Huangpu Wenchong Shipbuildingcollaborated with China ShipbuildingTradingand South Korean HMMheld a signing ceremony for the new shipbuilding orderof four 38,000dwt multi-purpose heavy lift vessels. HMMis headquarter

Purpose This marine notice aims to raise awareness of the risks involved with getting on and off vessels. Provision of safe access Accessing a vessel while at berth or anchor is a routine activity which is sometimes taken for granted. The r

The Black Sea Grain Initiative that allowed grain products to be shipped from Ukrainian Black Sea portshas now ended. Our article focuses on what that means for owners and charterers contractual obligations. There have been many development

[Photo/Xinhua] NANNING Recently, a container ship loaded with shrimp slices, melons and aquatic products departed from the seaport of Muara in Brunei to Qinzhou Port in South Chinas Guangxi Zhuang autonomous region, with the cargo to be del

Introduction In the first half of 2023, 114 vessels were sold for scrap, a 73% increase over the same period in 2022. 51 tankers were scrapped, accounting for 44.7% of all cargo vessel demolition in the first half of 2023. The rising scrapp

Singapore, 10 August 2023 -Pavilion Energy and CNOOC Gas and Power Group have successfully concluded their inaugural Ship-to-Ship (STS) LNG bunkering operation to Maran Dione, Maran Tankers Management (MTM)s new-built dual-fuel (DF) very la

The latest Seafarers Happiness Index (SHI) report for Quarter 2, 2023, reveals a further decline in overall happiness reported by participating seafarers. The survey is an initiative led by The Mission to Seafarers, conducted in association

Carrier Transicold has signed an agreement with the Telangana State Trade Promotion Corporation (TSTPC) to advance cold chain development and training in India. This aims to support Carriers focus on expanding the cold chain, which can help

Simpson Spence Young (SSY), the worlds largest independent shipbroker, has today announced the appointment of Jarl Magnus Berge to the role of Global Head of Finance, effective from 14th August 2023. Jarl Magnus A finance specialist with ov

Spot rates for containerized ocean freight have climbed across three leading Far East export corridors after the latest round of General Rate Increases (GRIs) from carriers. The news, revealed by Oslos Xeneta, provides welcome relief for a

Deliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU in 2023, beating the previous record by 0.2 million TEU. As recycling of ships has remained low, the fleet capacity has

[Photo: CHI (Dalian)] On August 8, COSCO SHIPPING Heavy Industry (Dalian), a subsidiary of COSCO SHIPPING Heavy Industry, named and deliveredthe 68,000 dwt multi-purpose pulp carrier No. 2 Green Kotka to CMB Financial Leasing, and officiall

AMSA has released its National Compliance Plan (NCP) for 2023-24, detailing the focus areas of its compliance activities over the next 12 months as the national safety regulator for domestic commercial vessels, regulated Australian and fore