DNV is the first class society globally to introduce new class rules for electrical shore connections specifically tailored for tankers, contributing to setting sector norms. The need for new rules on shore power for tankers emerged followi

MPA joins other cross-industry partners in green corridor cluster initiative that will trial decarbonising strategies for the container trade The Maritime and Port Authority of Singapore (MPA) and Lloyds Register Maritime Decarbonisation Hu

Image: Michael Jrgensen, Managing Director of MaruKlav and Kobayashi Masashi, Business Investment - Ship Dept. at Marubeni (former Deputy Managing Director of MaruKlav) Partnering up is the avenue of growth and earnings for Panamax Owners!

[Photo: Marubeni] Tel Aviv-based maritime technology company has inked a key partnership agreement with Japans Marubeni Corporation for sales of its AI-powered situational awareness platform. Orca AI, the leading situational awareness solut

Swiss marine power company WinGD, announces a change in its leadership position. After five years at the helm, the current CEO of WinGD, Klaus Heim, has informed the Board of Directors that he decided to step down as CEO. During his tenure

On June 30, 2023, the Naming Delivery Ceremony of M/V SITC RUIMING was successfully held by SITC International Holdings Co., Ltd. (SITC) and YANGZIJIANG Shipbuilding Group Ltd (YANGZIJIANG). Mr. Yang Shaopeng, Chairman of SITC, Mr. Ren Leti

Singapore, 4 July 2023 The Global Centre for Maritime Decarbonisation (GCMD) and Nippon Yusen Kabushiki Kaisha (NYK) announced today the signing of a five-year Strategic Partnership agreement. This significant partnership further boosts the

COSCO Shipping has released its 2023 first-half financial forecast on July 3, saying the Companys EBIT for the first half of 2023 was approximately RMB24,690 million, representing a decrease of approximately 74.10% y-o-y. The net profit was

File photo: Courtesy of Shangdong Port Group A single crane at Port of Qingdao under Shandong Port Group in East Chinas Shandong has set a new world record for the 26th time, by handling 3,057 tons per ton of dry bulk cargo with the support

On 23 June 2023 the EU Council adopted the 11th package of economic sanctions against Russia to prevent theircircumvention and furthererode Russias revenues. The most notable measures are summarised below. STS transfers and AIS manipulation

Actual freight rates and FFAs for 5TC Capesize routes since beginning of May Its been a mixed week across the various shipping sectors. In the Capesize market, there was a slow start, but rates picked up later in the week, especially in the

The transport sector is about to embark on a transformative journey towards diversity and equity with the official launch of the Women in Transport Equity Index survey. This groundbreaking initiative, introduced at the Women in Transport An

3 July 2023, Hamburg As around 7500dock workers representing the International Longshore and Warehouse Union (ILWU) continue with the third day of strike, thereby impacting the two key gateways of international trade Port of Vancouver and P

3 July 2023:International Support Vessel Owners Association (ISOA)has announced the appointment of Jan-Piet Baars as the associations new Secretary. Jan-Piet has experience in the offshore support vessel sector previously working in senior

The ship XIN XIANG SEA is 199.9 meters long, 32.26 meters wide, 18.85 meters deep, and has a structural draft of 13.5 meters. This ship is the second newly built ship of the eight 63,600dwt series bulk carriers ofBOCOM Leasing. By Xinde Mar