Monday January2023-Hamburg-based ship finance platform, oceanis, predicts ship financing costs for 2023 in a new quarterly report Executive summary: - Bank financing for Container vessels has all but dried up, with only vessels employed by

Lloyds Register (LR), a global professional services company specialising in engineering and technology for the maritime industry and Seably, a marketplace for online maritime training, has announced that they will be integrating their web-

Chinas economic prospects in 2023 look promising according to Anthony Chan, former Chief Economist at JPMorgan Chase Co., as the country reopens to the world. Assuming the number of COVID infections during the new year is manageable, 4.4% g

China remained the worlds leading shipbuilder in 2022, taking up nearly half of the international market share in terms of output, new and holding orders, according to the Ministry of Industry and Information Technology (MIIT). The countrys

Digital platform RightShip is setting up a dedicated taskforce for services to ports and terminals to bolster operations standards for safety, sustainability and crew welfare issues worldwide Named RightPORT, the team is a single source of

Unit45, based in Rotterdam, has developed a new diesel-electric reefer in collaboration with its client H.Essers, which is a Belgian logistics solutions provider. This newly developed diesel-electric reefer was designed with a 900-litre tan

On the afternoon of January 19, COSCO Shipping Specialized Carriers (Southeast Asia) Pte. Ltd. and Shanghai Zhenghua Heavy Industries ZPMC (Southeast Asia) Pte. Ltd. held a Regional Strategic Cooperation Agreement Ceremony in Singapore. The

The vessels were constructed between 2011 and 2013 at shipyards in South Korea and China. Danish shipping companyTORMhas signed two separate cash deals worth around $233mfor the acquisition of seven LR1 tanker vessels. The firm struck a dea

The Grimaldi Group announced it has exercised its option for the construction of five additional ammonia-ready 9,000 CEU car carriers from China Merchants Heavy Industries Jiangsu, part of China Merchant Industry Holdings (CMI). Grimaldi an

ClassNK has issued an Approval in Principle (AiP) for a large ammonia fueled 210,000 DWT bulk carrier jointly developed by Mitsui O.S.K. Lines, Ltd. (MOL) and MITSUI CO., LTD (MITSUI). Ammonia is expected to be used as a ship fuel for decar

Chinas exports of both low and high sulfur fuel oil fell 6% year on year to total 18.04 million mt in 2022, according to data from the General Administration of Customs Jan. 28, as bunker demand in the downstream market declined. Exports ro

On January 28, Hengli Heavy Industry Park opened in Dalian Changxing Island. At the ceremony, Hengli Heavy Industrys first ship was steel cutting. It has signed the first batch of ship construction orders with shipowners, and signed strateg

Wan Hai Lines has apparently gotten over US$32 million after finalising the demolition sale of 10 elderly boxships, as the recycling of container vessels accelerates. Ship brokers report that after an open tender, the Taiwanese liner operat

Maersk has announced its intention to unify its brands by integrating Hamburg Sd and Sealand. The Danish shipping company believes that by integrating the aforementioned firms into the Maersk brand, it will be able to ease its customers log

GTT announces that it has received, at the beginning of 2023, an order from its partner the Chinese shipyard Dalian Shipbuilding Industry Co for the tanks design of two Liquefied Natural Gas Carriers (LNGC) on behalf of the company CMES LNG