In the process of carrier-port cooperation, global network expansion and digital transformation, CSP Abu Dhabi Terminal and CSP Abu Dhabi CFS have been developing a more integrated supply chain operation model in addition to a more well-rou

Singapores very low sulphur fuel oil (VLSFO) market has retreated from an earlier rally amid prospects of higher regional inflows this month. The 0.5% VLSFO cash differential fell day-on-day to a premium of $78.20 per tonne to Singapore quo

The Baltic Exchanges main sea freight index rose on Thursday as an uptick in rates for smaller panamax and supramax vessels offset weakness in the capesize segment. The overall index, which factors in rates for capesize, panamax and suprama

Following a decision by its Board of Directors, ABB today announces its intention to spin off Accelleron (formerly ABB Turbocharging), its market-leading turbocharging division, by way of a dividend in kind of Accelleron Industries Ltds sha

July 19, COSCO Shipping Development announced that the COSCO Shipping Development and its subsidiaries sold about 2.29% of the A-shares of China International Marine Containers (CIMC) for about 1.302 billion yuan from July 19, 2021 to July

On July 20, BHANUMATI, the second 210,000 DWT bulk carrier built by COSCO Shipping Heavy Industry (Yangzhou) for ICBC Leasing, was successfully delivered in Taicang, Jiangsu and began first voyage on the same day. The BHANUMATI is 299.95 me

A giant mineral resources group was set up in Xiongan New Area, North Chinas Hebei Province on Tuesday, in a long-awaited move that would give China a bigger say in iron ore pricing. China Mineral Resources Group, with a registered capital

Industry best practices for addressing the challenges posed by an aging global Floating Production Storage and Offloading (FPSO) fleet have been published by ABS in a safety milestone for the sector. Enhancing Safety on FPSOs, Practical Con

On July 18, a small boat capsized off the coast of Morocco in West Africa. GREAT TRIUMPH, a vessel owned by CMES Hong Kong Ming Wah Shipping, responded to the rescue call from LAS PALMAS Maritime Rescue Coordination Center (MRCC) immediatel

Ocean Sun has signed an agreement to license its proprietary floating solar technology to developer Sunneng Technology for the construction of a 0.5MWp offshore floating solar pilot connected to a wind turbine in Haiyang, off the coast of C

42 incidents of armed robbery against ships in Asia reported to ReCAAP ISC from January to June 2022 11% increase of incidents compared to same period in 2021 The ReCAAP Information Sharing Centre (ISC) has released its Half Yearly Report 2

By signing the Sustainable Ocean Principles MSC reaffirms its commitment to ocean sustainability and the Sustainable Development Goals, including SDG 14 (Life below water). As announced by the United Nations Global Compact at the UN Ocean C

RINA issued Certificate ofApprovalin Principle (AiP)toShanghai Moury Marine EquipmentCo., Ltd.forrecognitionofits design and development capabilities in marine energy-savingdevices - pre-shrouded vanes. RINA hold an Approval in Principl

This week, New Yangzi Shipbuilding delivered two1800TEU container ships, SITC RUNDE and SITC MINGDE, toSITC International Holdings. On July 20, 2022, the online Delivery Ceremony of M/V SITC MINGDE was successfully held by SITC Internationa

PetroChina and Cheniere Energy have signed a long-term LNG sale and purchase agreement (SPA) relating to the Corpus Christi LNG terminal. Under the SPA, PetroChina subsidiary PetroChina International Company (PCI) agreed to buy up to approx