The Hong Kong Shipowners Associations Technical Director Martin Crosswell, offers valuable insight into the IMOs latest MEPC meeting. The outcome of 78thsession of the International Maritime Organisation (IMO)s Marine Environment Protection

Clean The Middle East Gulf CPP market has seen a mix of movements this week on the different sizes. On the LR2s TC1 continued its upward trend rising 22.59 points to WS226.88 with reports of WS230 on subjects for this run on Friday morning.

Tianjin Port officially opened a new ocean route to Southeast Asia on Saturday, the third one launched by the port this month for the Regional Comprehensive Economic Partnership(RCEP) agreement member states in the region. The route is expe

Wrtsil announces that it has completed its orderly exit from the Russian market following its announcement of scaling down activities in April 2022. All adjustments and closures of Wrtsils operations were completed in accordance with local

Peak Demand in Sight? The current spike in global oil prices and a tight supply situation has put the issue of peak oil demand back into focus. Those who thought the Covid-19 demand destruction of 2020 would permanently dent world oil deman

On August 18, the Wisdom Port Global Innovation Laboratory jointly established by Huawei, Tianjin Port Group, Wuhan University of Technology and other units was inaugurated in Tianjin. At the ceremony, Liang Hua, chairman of Huawei, said th

Voyager Worldwide, the maritime navigation specialist, today introduced Voyager eBook, a new eReader that provides access to Nautical Publications, Flag Circulars, Regulations and Notices via a web browser on any fixed or mobile Operating S

Long-term rates through the roof for trades into New Zealand and Australia, with some contracts up over 400% since 2019 The latest data from Xeneta shows a huge jump in the cost of long-term ocean freight rates into Australasia, with all ma

On July 20, the Van Oord JUV BOREAS, a offshore wind installation vessel built by CIMC Raffles for Van Oord of the Netherlands, held a steel cutting ceremony in Yantai. Designed by Danish mainstream design company KEH(Knud E. Hansen), the v

On July 21, the Maritime Strategies International (MSI) and Xinde Marine News jointly organized MSI Shipping Outlook China 2022 Online Seminar. For nearly 40 years MSI has provided independent, model based, market forecasts and advisory ser

On July 21, Nanjing Tanker Corporation released its 2022 semi-annual performance report. In the first half of the year, the company achieved operating income of 2.55 billion yuan, a year-on-year increase of 35.09%. Net profit was 433 millio

On July 21, the signing ceremony of the Momorandum of Understanding (MOU) on tanker time charter between China Merchants Energy Shipping (CMES) and PetroChina International (PCI) was held in Shenzhen, Beijing and Hong Kong. Xie Chunlin, Cha

The Singapore fuel contamination incident that hit around 200 vessels in April 2022 could have been avoided if there was an early warning system to detect issues with the source and quality of the fuel. When discovered early enough, any pro

Top executives from Shandong Port Group and Port of Long Beach in California have promised more substantial cooperation to contribute to trade and cultural exchanges between China and the US. Port of Qingdao, a subsidiary of Shandong Port G

The worlds largest ro-ro passenger vessel has completed its trial voyage in Guangzhou, capital of Guangdong province, earlier this week. And the trial proved that the luxury vessel is qualified for maritime navigation, according to a statem