In July, RINA issued an Approval in Principle (AIP) certificate for the dual-fuel suezmax tanker of New Times. This type of ship adopts a dual-fuel four-stroke joint propulsion concept and is equipped with a flexible power management system

On July 30, the worlds largest 24000TEU container ship Ever Ace built by Samsung Heavy Industries for Evergreen Marine made its maiden voyage to Qingdao Port, Shandong. Ever Ace is the first of a series of 12 container ships ordered by Ever

WindFloat Atlantic has become the worlds first classed offshore windfarm, after its three 8.4MW floating turbines were accepted by the ABS Class Committee. The three ABS-classed, SEMI Submersible Type units designed by Principle Power housi

On 1stAugust 2021, Federal Republic of Germany has joined the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) as the twenty-first Contracting Party. The ReCAAP Information Sharing Centre (

Transportation demand remained high, the composite index continued to rise Ningbo Containerized Freight Index:In the week ending Jul-23, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 3652.1 point

Tianjin Port Group launched Zero Carbon Terminal at CPHA 2021 Green and Safe Port Conference (July 28), building the intelligent container terminal in Section C of Tianjin Port into the worlds first AI zero carbon terminal. The move aims to

On the evening of July 29, BOMESC Offshore Engineering Company Limited issued the results report for the first half of 2021. In the first half of 2021, the operating income was about 1.995 billion yuan, and the net profit attributable to th

On the afternoon of July 29th, MU LAN, the first ship built by Hudong Zhonghua for CSSC Shippings LNG project, overcame the influence of super typhoon In-fa, completed the gas trial in 14 days ahead of schedule and safely stopped at Changxi

Chinese Crackdown The Chinese refining sector has recently been under pressure, not so much from the extreme demand pressures of the past 18 months, but more driven by changes in domestic government policy. Independent refineries (often cal

The Maritime and Port Authority of Singapore (MPA) today announced the formation of the Global Centre for Maritime Decarbonisation (GCMD) in Singapore and its leadership team with effect from 1 August 2021. Set up with a S$120 million fund

The dry bulk shipping market entered the traditional peak season in the third quarter. Driven by the capesize vessel, the Baltic Dry Index (BDI) rose for 4 consecutive days. On July 26, BDI rose by 11 points to 3,210 points, an increase of

With the continuous development of the shipping industry, high-tech accidents such as cyber attacks are not uncommon now. How to avoid and cope with such issues are undoubtedly of importance. Xinde Marine News has an interview to Mike Konst

On July 27, Bohai Shipbuilding Heavy Industry of DSIC held a christening ceremony for BERGE BOBOTOV, a 210,000 DWT bulk carrier built for Berge Bulk (Singapore). On July 28, the ship was successfully signed and delivered. Since 2006, Bohai

Container ship chartering prices have reached new highs. Under the current sky high freight rates, even a small ship may earn millions of dollars in one voyage. According to the data released by Harper Petersons, a 2741 TEU container ship w

When will the container capacity crunch finally ease? For an early indicator, keep an eye on production of the humble 40-foot dry cargo box. If the volume and cost of new containers pull back, supply chain pressures are abating. Unfortunate