The IMO Assembly has adopted amendments to the IMO Convention to expand the size of the Council, extend the term of its Members and recognize three additional language texts as authentic versions of the IMO Convention. The Assembly is meeti

VLCC The market continued to slide on this sector. 280,000mt Middle East Gulf to US Gulf (Cape/Cape routing) rates are assessed almost a point lower than last week at close to WS20. The rate for 270,000mt Middle East Gulf to China fell almo

Port Hedland is the largest iron ore export port, which serves BHP and FMG in WA. The annual loadings in 2020 amounted to 540 million tons which took up 62% of whole Aussies export, 47% of global ocean shipping volume as per Bancosta Resear

The Shape of Things to Come The world is changing rapidly around us. One thing that has significantly changed over the last two years is that the environment is much more at the forefront of peoples conscience. The recent price spikes in oi

Wan Hai Lines expanded its purchase of second-hand ships. On the 7th, Wan Hai Lines issued an announcement to purchase two 1774TEU second-hand ships for a total of 78 million U.S. dollars. They are expected to be delivered in the second qua

Nor-Shipping has announced that Daphne Technology, Jotun, HASYTEC Group Germany/ Alesund Maritime, and Wavefoil have seen off a fierce competing field to make it to the shortlist of the inaugural Ocean Solutions Award. Launched to celebrate

At an award ceremony in Copenhagen on December 9th DESMI Ocean Guard was awarded the prestigious Brsen Gazelle 2021 award as the fastest growing manufacturing company in Denmark. The fastest growing manufacturing company in Denmark, 2021 We

From January to November this year, Ningbo Zhoushan Port completed a cargo throughput of 1.125 billion dwt, a year-on-year increase of 3.8%, and achieved an annual cargo throughput of over 1.1 billion dwt for the third consecutive year. Com

On 9thDec, RINA issued Approval-in-Principle(AIP)Certificate to CCTD for the 145KGTcruise.It is an important beginning forCSSCtogradually master the initiative ofChinalarge cruise project,breaking the technical blockade and monopoly of fore

It is finally here. Maersk introduced the design of eight groundbreaking and industry-leading 16,000 TEU container vessels powered by carbon-neutral methanol. When designing these, Maersks ambition was to make sure the new vessels could ser

The Baltic Exchanges dry bulk sea freight index ended a 10-session winning streak on Thursday, as rates of the larger segments, capesize and panamax, vessel fell. The overall index, which factors in rates for capesize, panamax and supramax

Silverstream Technologies was founded over a decade ago, with the aim of creating a truly unique, radical and innovative clean technology to significantly reduce emissions across the shipping industrys global fleet. The Silverstream System,

Dominik Schneiter, Vice President Research Development [Photo:PR/WinGD] Swiss based marine engine technology developer WinGD has published a new white paper outlining the steps it believes will enable deep-sea shipping to decarbonize in lin

Volvo Penta and Danfoss Editron division have signed a partnership agreement that will drive the transformation towards sustainable power solutions within the marine industry. The two companies share a visionary mindset to take the marine s

On December 8, China Merchants Jinling Shipyard (Weihai) and Hong Kong Jinhai Shipping held a signing ceremony for the delivery of the 6500DWT chemical tanker KING BAY. The ship KING BAY is 116 meters long, 17.6 meters wide, 8.9 meters deep