Capesize As the week commenced in the Pacific, it became apparent that there was a notable level of enquiry, defying the usual subdued nature of Mondays. The majors from West Australia to China have been present in the market throughout the

In many ways, fleet management has never been more difficult. Booming inflation and gas prices continue to eat away at the bottom line of companies that are fleet reliant. With so many economic pressures on fleet-heavy industries, the time

Negative Naphtha Asian naphtha has been going through a challening period recently. The combination of plentiful Russian supply in the East as well as soft petrochemical demand during Q2 has been weighing on Asian naphtha cracks, with refin

By Dr Stelios Kyriacou, Chief Technology Officer, ERMA FIRST Next year marks a crucial milestone for the International Maritime Organizations (IMO) Ballast Water Management (BWM) Convention, with all ships required to meet the D2 standard f

London, 7 July 2023 At MEPC 80, IMO member nations met the shipping industrys call for action on climate, setting a target of net-zero GHG emissions by 2050 and interim targets for 2030 and 2040. Most importantly, the updated GHG strategy n

Friday 7 July, London: Industry re-asserts that a global levy on ships GHG emissions must now be adopted rapidly if the ambitious goals agreed are to remain plausible. Speaking at the close of the intensive two-week session of the UN Intern

Zhejiang Energy Group, together with its subsidiary Zhejiang Energy Marine Environmental Technology Co., Ltd. (ZEME), is preparing to initiate the construction of the 10,000-ton Green E-Methanol Production Project in August 2023. This joint

First half 2023 statistics for the international shipping industry have been released by Clarksons Research. Reviewing the data,Steve Gordon, Managing Director of Clarksons Research commented: Most shipping sectors remain in positive territ

Indian Register of Shipping (IRS), a leading ship classification society is proud to announce that it will provide classification services and certify six Next Generation Missile Vessels (NGMVs) to be constructed at Cochin Shipyard Limited

The oil transport fundamentals continued to rise, and COSCO Shipping EnergyTransportations net profit increased significantly in the first half of 2023. On July 6, COSCO Shipping Energy Transportation announced the expected increase in perf

In consideration of the present market situation, THE Alliance will make changes to the Asia to Transpacific-West Coast Network by temporarily suspending the PS5 service and enhancing the existing PS3, PS6, and PS7 service as of August and

On June 30, 2023, the closing ceremony for 3# 120,000 DWT Bulk Carrier with Hull No.0112003 was held at the meeting room on 8th floor of New Times Office Building. Executive Deputy General Manager Mr. Zhang Yuyong and the owners representat

[Photo: China Daily] North Chinas Tianjin Port handled over 11.35 million twenty-foot equivalent units (TEUs) of containers in the first half of this year (H1), up 8 percent year on year, setting a new record, the ports operator said on Thu

MAN Energy Solutions has signed a Conversion Commitment Agreement with Seaspan Corporation (Seaspan), a global leader in containership ownership and management in collaboration with Hapag-Lloyd, one of the leading global liner shipping comp

For further enhancing the mutual benefits of both the Suez Canal Authority and its clients, as well as to promote transits via the Suez Canal, kindly be informed that we have issued a new circular (attached) for Chemical Other Liquid Bulk t