Following a successful delivery of deepwell pump systems for six VLECs, Samsung Heavy Industries and Hyundai Heavy Industries have signed Svanehj as the pump supplier for an additional four vessels. Danish pump manufacturer Svanehj has secu

Avenir Allegiance is due for delivery from CIMC Sinopacific Offshore Engineering (CIMC SOE) in the third quarter of this year. It will be the first 20,000-cbm vessel to join the Avenir LNG fleet and the worlds largest LNG bunkering vessel,

Fortescue Metals Group on Thursday reported a 4.7% jump in iron-ore shipments in the second quarter from the first, as global miners benefit from soaring demand in top steel producer China. The average price the company received for its iro

The mechanism supporting the generation of reports has changed since version 4. The development team is currently making the necessary adjustments so full reports are once again available. This is expected in the second quarter of 2021. The

BIMCO has joined the Neptune Declaration on Seafarer Well-being and Crew Change, and was encouraged to see the first publication from the Together in Safety initiative. The initiatives signal the need for increased collaboration in the face

The time has come: SMM DIGITAL is opening from 2 to 5 February 2021. Due to the current situation caused by the coronavirus pandemic, the 29th edition of SMM will be held as a purely digital conference. And its free of charge this is how th

(Marine NewsWire) Engineering is the cornerstone of the success of any maritime operation. And engineering for the maritime Industry is changing! Are these situations familiar to you? Engaging a super costly local consultant for your projec

A Nor-Shipping in winter? Just one short year ago the suggestion would have been met with an air of disbelief. But now, with plans for Your Arena For Ocean Solutions to take place in January 2022, many within the industry are quickly growin

On January 25, China Shipbuilding Trading and Huangpu Wenchong Shipnuilding signed a 2+2 1500TEU container ship construction contract with Greek shipowner COSMOSHIP. Representatives of all parties sign the contract through cloud signing. Th

Orient Overseas (International) Limited (OOIL) reported that the company has entered into a Placing and Subscription Agreement with Faulkner Global Holdings Limited, our immediate parent company and part of COSCO SHIPPING Holdings, and JP M

The Board is pleased to announce that on 27 January 2021, the Sellers, Sound Joyce (a whollyowned subsidiary of the Company) and Red Sea Ports entered into the Share Purchase Agreement pursuant to which, the Sellers have conditionally agree

On January 21, in Guangdong, COSCO SHIPPING and Midea Group held a signing ceremony for a strategic cooperation agreement and transportation service framework agreement. Chairman of COSCO SHIPPING Capt. Xu Lirong and Chairman and President

After its last order of 8 container ships from Japan Marine United Corporation (JMU) back in November 2018, Wan Hai Lines again contracted twelve new-build 3,013Teu ships with JMU/Nihon Shipyard Co Ltd. (NSY) today. This new series of vesse

The global container fleet grew 2.9 per cent in 2020, its slowest rate since 2016, helping carriers in a tumultuous year, said the Paris-based container shipping consultancy Alphaliner. TEU capacity reached 23.9 million TEU as of January 1,

There is now increasing pressure for shipowners to sharpen their environmental performance, driven by an IMO target to halve greenhouse gas emissions from shipping by 2050, regional regulations and market pull from charterers, banks and inv