Strategic Marine (S) Pte Ltd has secured a contract to build two 42m Fast Crew Boats (FCB) for Centus Marine Sdn Bhd. This is the fifth and sixth vessel built by Strategic Marine for Centus Marine and follows the delivery of a 40m FCB in Fe

Capturing CO2 In some ways, EU carbon prices could be viewed as a barometer of mounting environmental pressure not just within Europe but on a global scale. Recently, EU emissions trading scheme (ETS) credits have surged to record levels, t

Forward Freight Agreements will play a key role in an increasingly volatile LNG market, says leading shipbrokers Simpson Spence Young [SSY]. Intercontinental Exchange [ICE] - an operator of global exchanges and clearing houses, has launched

The BIMCO Maritime Information department informs members on a weekly basis, updates about the COVID-19 in relation to implementation measures imposed by governments for sea transport including for crew change as well as from the United Nat

On March 18, the third ship CMA CMG MONTMARTRE built by CSSC Jiangnan Shipyard and China Shipbuilding Trading for the French CMA CMG was officially christened and delivered. CMA CMG MONTMARTRE is the sixth of the nine vessels signed between

Demetris Chrysostomou, who is appointed as Managing Director of CSMs Asia Region, talks about COLUMBIA SHIPMANAGEMENTs (CSM) fleet scale, the situation of its Singapore office, the plan for cooperation with Chinese market, how they deal wit

The worldwide container shortage pinching global trade will be relieved in the second half of this year as trade picks up, according to CIMB Thai Banks research office. The shortage crisis blew up in mid-2020 when containers shipped to Nort

On March 15, Shanghai Waigaoqiao Shipbuildingsigned a contract for the construction of two 190,000dwt dual-fuel bulk carriers with Singapores Anglo American. The two vessels are dual-fuel bulk carriers poweredby liquefied natural gas (LNG)

The first China-bound containerized heavy recycled steel cargo from Europe, following China lifting import restrictions on the raw material Jan. 1, was being loaded at Glazewing Metal Scrapyard in Norfolk March 17. The UK trading house Atla

Chinas soybean demand is seen steady on strong hog herd recovery from the African swine fever epidemic, market sources told SP Global Platts March 18. With the hog herd recovery on a swifter-than-expected curve, Chinas soybean demand has al

As the lions share of the world fleet replaced high-sulphur fuel oil (HSFO) with low-sulphur fuel oil (LFSO) as a mean of propulsion to be compliant with the International Maritime Organizations (IMO) 2020 global sulphur cap that came into

The West Texas Intermediate for April delivery shed 4.6 U.S. dollars, or 7.12 percent to settle at 60 dollars a barrel on the New York Mercantile Exchange. The U.S. crude futures suffered their largest one-day percentage loss since Sept. 8,

Container throughput at the Port of Hong Kong totaled 1.039m teu in February. The latest figure reflects a year-on-year decline of 10.4% compared to February 2019. Drilling further down into the figures, The Kwai Tsing terminals handled 914

Singapore, as one of the 20 Contracting Parties to the Regional Cooperation Agreement on Combating Piracy and Armed Robbery (ReCAAP), and host to the ReCAAP Information Sharing Centre (ISC), is pleased to have participated in the 15th Anniv

Indian Register of Shipping (IRClass), an international ship classification society, has won a contract to provide classification services for a fleet of Fast Patrol Boats Landing Craft Assault (LCAs) currently under construction for the In