[Photo: ITIC] The International Transport Intermediaries Club (ITIC) a mutual insurer that provides professional indemnity cover for transport intermediaries operating in the marine, offshore, renewable andaviation industries has urged ship

Hamburg, 07 July 2023: Average Demurrage and Detention charges register a year-on-year decline of 25% in 2023, with a significant 14% decrease compared to the rates in 2020, as found by Container xChanges annual Demurrage and Detention Char

When the Oceandiva London will be plying the waves of the River Thames, power will be no concern. Not for the captain, nor for the vessels four hundred guests. Sailing at full speed, party lighting on max, the fully electric event vessels p

On July 6, Anhui Hangrui International Ro Ro Transportationannounced the bid winning candidates for the construction project of three 7000CEU LNG dual fuel power ocean goingro-ro ships . The first candidate for winning the bid is Wuhu Shipy

Member States of the International Maritime Organization (IMO), meeting at the Marine Environment Protection Committee (MEPC 80), have adopted the 2023 IMO Strategy on Reduction of GHG Emissions from Ships, with enhanced targets to tackle h

Capesize As the week commenced in the Pacific, it became apparent that there was a notable level of enquiry, defying the usual subdued nature of Mondays. The majors from West Australia to China have been present in the market throughout the

In many ways, fleet management has never been more difficult. Booming inflation and gas prices continue to eat away at the bottom line of companies that are fleet reliant. With so many economic pressures on fleet-heavy industries, the time

Negative Naphtha Asian naphtha has been going through a challening period recently. The combination of plentiful Russian supply in the East as well as soft petrochemical demand during Q2 has been weighing on Asian naphtha cracks, with refin

By Dr Stelios Kyriacou, Chief Technology Officer, ERMA FIRST Next year marks a crucial milestone for the International Maritime Organizations (IMO) Ballast Water Management (BWM) Convention, with all ships required to meet the D2 standard f

London, 7 July 2023 At MEPC 80, IMO member nations met the shipping industrys call for action on climate, setting a target of net-zero GHG emissions by 2050 and interim targets for 2030 and 2040. Most importantly, the updated GHG strategy n

Friday 7 July, London: Industry re-asserts that a global levy on ships GHG emissions must now be adopted rapidly if the ambitious goals agreed are to remain plausible. Speaking at the close of the intensive two-week session of the UN Intern

Zhejiang Energy Group, together with its subsidiary Zhejiang Energy Marine Environmental Technology Co., Ltd. (ZEME), is preparing to initiate the construction of the 10,000-ton Green E-Methanol Production Project in August 2023. This joint

First half 2023 statistics for the international shipping industry have been released by Clarksons Research. Reviewing the data,Steve Gordon, Managing Director of Clarksons Research commented: Most shipping sectors remain in positive territ

Indian Register of Shipping (IRS), a leading ship classification society is proud to announce that it will provide classification services and certify six Next Generation Missile Vessels (NGMVs) to be constructed at Cochin Shipyard Limited

The oil transport fundamentals continued to rise, and COSCO Shipping EnergyTransportations net profit increased significantly in the first half of 2023. On July 6, COSCO Shipping Energy Transportation announced the expected increase in perf