LNG solution could resolve headache for shipowners as they wrestle with retrofit options in face of environmental agenda to cut emissions The need to upgrade ships in line with new environmental rules represents a billion-dollar dilemma for

On July 18, the main hull of the FPSO SEPTIBA, built by China Merchants Heavy Industry (Jiangsu) for SBM Offshore, was successfully delivered and left port. SEPTIBA is a new FPSO with the largest tonnage and the largest oil storage capacity

Chinas shipbuilding industry registered strong growth during the first half of the year, official data shows. The industry completed the construction of ships totaling over 20.92 million deadweight tons (dwt) from January to June, up 19 per

New forum for operational coordination and deconfliction sees industry pay tribute to Nigerias Deep Blue project while repeating the call for international navies to bridge the immediate law enforcement gap. IMO Secretary-General: Now is th

Why So Weak? VLCC spot earnings averaged just $500/day on the benchmark TD3C trade during the 1st half of this year on slow steaming, non scrubber, non ECO basis; marking the lowest half yearly result since our records began in 2000. Althou

Thirty-seven Incidents of armed robbery against ships in Asia reported to ReCAAP Information Sharing Centre from January to June 2021 Number of incidents decreased by 35% compared to the same period in 2020 ReCAAP Information Sharing Centre

BIMCO has published a new charter party clause to help tackle potential abuse by sanctions busters of the Automatic Identification System (AIS) which is mandatory for all ships to use under regulations for the Safety of Life at Sea (SOLAS).

Since June 2021, international oil prices have continued to stay above US$70 per barrel. Stimulated by positive factors such as the recovery in international crude oil demand and the slowdown in the growth rate of U.S. shale oil production,

On July 15, the fourth 180000 DWT bulk carrier, CS HANG ZHOU, built by Qingdao Beihai Shipbuilding Heavy Industry for CSSC Brokerage Services, was successfully delivered, marking the successful completion of the four 180000 DWT bulk carrier

In this years record container ship market order boom, COSCO SHIPPING, which has been silent, finally launched to order 10 new Panamax container ships at COSCO SHIPPING Heavy Industry (Yangzhou), which is also the first time that COSCO SHIP

The Panama Canal Authority has extended for the second time ongoing maintenance on the waterways east lane at the Gatun Locks through July 17, pushing the maintenance window seven days past the original July 4-10 expected outage. The planne

Mission Critical Electronics (MCE) , a California-based designer and manufacturer of premium electrical power solutions for specialty vehicle, marine, network and industrial markets, is announcing its acquisition of ZeroRPM . A pioneer in a

Decarbonization is now one of the most critical challenges for the maritime industry apart from the global pandemic COVID-19 and oversupply of ships. The pathway is already there and industry players are taking the necessary steps to reach

CIMC Sinopacific Offshore Engineering, a subsidiary of CIMC ENRIC, and China Merchants Jinling Shipyard (Nanjing) signed signed a contract for 4 sets of 2000m LNG fuel tank project. The four sets of LNG fuel tanks will be used in the four 7

We previously mentioned in our reports how coal could be the dark horse of the dry cargo market in 2021. We are starting to see this unfold as seaborne coal volumes are rising, and with smaller vessel classes occupied with booming minor bul