On December 7, China Development Bank Leasing announced that it would buy nine product/chemical tankers at a cost of 172 million US dollars (about 1.095 billion yuan). Vendors are TORM Singapore Pte. Ltd and Vesselco 10 Pte. Ltd, which are

BIMCOs Documentary Committee has approved a new standard contract for security escort vessels (SEVs). The standard is a balanced contractual framework for SEVs that accompany merchant ships in high threat areas such as the Gulf of Guinea wh

Pavilion Energy Trading Supply Pte. Ltd.1, QatarEnergy and Chevron U.S.A. Inc (Singapore branch) today announced they have jointly published a quantification and reporting methodology to produce a statement of greenhouse gas emissions (SGE)

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New regulation from the International Maritime Organization (IMO), which will require existing ships to reduce carbon emissions, is due to enter into force in just under one year. As compliance will benefit to a large extent from co-operati

Lloyds Register (LR) has launched an Artificial Intelligence (AI) Register , a standardised digital register of LR certified AI providers and solutions, a first of its kind for the maritime industry. AI technology, the engineered systems th

Maritime classification society the American Bureau of Shipping (ABS) has granted Alfa Laval the first marine approval for operating boilers on methanol. Alfa Laval received an approval in principle (AIP) on 4 November 2021, based on extens

The liability of a ship manager may not always arise from negligent performance of their services, ITIC (International Transport Intermediaries Club) is often asked to provide expert assistance as a recent case demonstrates. Back in 2012 a

Global, sector-focused law firm has helped shipping association BIMCO draft a series of clauses in response to strict new environmental legislation that will seek to reduce the industrys carbon emissions and which will change the way ships

Aquila Power Catamarans announces two models to their brand-new offshore line. The Aquila 28 Molokai Power Catamaran and the Aquila 28 Molokai Cuddy Power Catamaran will debut with a digital World Premier, going live on YouTube at 10:00 AM

On December 7, Hudong Zhonghua Shipbuilding and China Shipbuilding Trading joined hands with PetroChina International, COSCOSHIPPINGLNGInvestment (Shanghai) and COSCO SHIPPING Oil Transportation signed a contract for the construction of thr

Volvo Penta announces an advanced, hybrid solution for Hurtigruten Svalbards new sightseeing vessel, which will begin a pilot test in Svalbard in May 2022. The near-silent vessel has the potential to transform the sustainable tourism indust

On December 6, with the approval of the State Council, China Logistics Group was formally established. It is the largest logistics company in China and also a milestone in the history of Chinas logistics industry, opening a new chapter in b

On December 6, CDB Leasing announced that the companys five wholly-owned SPV companies entered into a ship sale and purchase agreement with the seller. According to the announcement, the buyer agreed to purchase five MR product tankers at a

On December 6, Chinese-Polish Joint Stock Shipping Company celebrated its 70th anniversary. On the same day, four 62000 DWT heavy-lift multi-purpose vessel TAI XING built by CSSC Chengxi Shipyard were christened and delivered, which also de