As climate change and energy issues are becoming more of a challenge, the offshore wind power industry has ushered in historic development opportunities. Experts predicted that by 2025, Chinas new offshore wind power installations are expec

The technology group Wrtsil has entered into a joint development agreement with Hycamite TCD Technologies, a privately-owned Finnish company specialising in the development of a pioneering technology for producing clean hydrogen and solid c

INTERIM DIVIDEND The Board has resolved not to recommend the payment of any interim dividend for the quarter ended 30 September 2022. REVIEW OF OPERATIONS Third Quarter of 2022. Dry bulk shipping market enjoyed a strong first half backed by

InterManager has welcomed a commitment by the International Maritime Organization (IMO) to review guidance governing safe working in enclosed spaces onboard ships. Heralding the move as a significant step forward in crew safety, the associa

Dubai, United Arab Emirates, 28 November 2022 Global shipping, logistics and marine services provider GAC Group has announced the appointment of Pontus Fredriksson as its new Group President effective from January 2023. Bengt Ekstrand, who

In November 2022,XiamenFinancial Leasing successfully launched the first container shipYING HAI 79 financial leasing business. After the first ship financial leasing project is launched, the company will continue to explore and develop vari

Fan Qiang, Vice President of CCS at North Bund Forum The digital transformation of the shipping industry and its global significance were placed in sharp focus at a session of the 2022 North Bund Forum organised by China Classification Soci

On November 25, GentcoLogisticsandChinaMerchantsJinlingShipyard(Yangzhou)Dinghengheld a signing ceremony in Yangzhou, Jiangsu Province, for the establishment of a long-term in-depth partnership and the first two 25,900dwt stainless steel ch

COSCO Shipping Car Carriers Cos sea route from Shanghai to the Persian Gulf began operations on Saturday as an auto carrier loaded with Chinese-made vehicles departed, the company said. The auto carrier carrying 3,859 vehicles will arrive a

Capesize The market ended the week on a high as the Atlantic region stepped up its activity and ignited other regions to also build in value. The Capesize 5TC now stands at $13,373. That is hardly an impressive level for this time of year o

CSSC Carnival Cruise Shipping Limited, a joint venture between China State Shipbuilding Corporation and Carnival Corporation, unveiled its new cruise brand, Adora Cruises, in Shanghai on Friday to tap the local market. The companys first tw

Methanol holds significant potential as a future ship fuel and has recently emerged as a major topic in the discussion about the IMO decarbonization goals and alternative ship fuels. Knowing what future fuel to build for is one of the bigge

On 8 June 2022, the European Union (EU) decided to impose a ban on seaborne imports of Russian crude oil and oil products. The ban on crude oil will take effect on 5 December and by then the EU must have found new suppliers and Russia must

The Board of Directors of the CMA CGM Group, a global player in sea, land, air and logistics solutions, met today under the chairmanship of Rodolphe Saad, Chairman and Chief Executive Officer, to review the financial statements for the thir

Badhoevedorp, 25 November2022 - EST-Floattech announces a new major order. The German office is increasingly establishing itself and recently signed a long-term framework contract with Rolls-Royce Power Systems for the Green Orca 1050 batte