Global diesel and gasoil floating storage volumes have been rising steadily since the beginning of the war in Ukraine. Currently about 15.6mbbls are held on ships, which is 95% higher than the weekly average for April 2022. The increase in

[Photo:Seacon ShippingGroup] Seacon ShippingGroupannounced that on April 12, 2023, the buyer Seacon Shipping Pte. Ltdentered into two shipbuilding contracts with the seller HuanghaiShipbuilding, with a total consideration of US$83.16 millio

Despite the collapse in freight rates, shipowners still have an appetite for new container ship orders and the order book has continued to grow. The record high order book of 7.54 million TEU will result in significant changes to the contai

At the Connecticut Maritime Associations conference in Stamford in mid-March, Thomas gave a keynote speech which was reported on by Lloyds List. In the keynote, he said that the coming year will be pivotal for the shipping industrys decarbo

Columbia Shipmanagement (CSM) shows commitment to innovation and cutting-edge technology with trial of new internet service Starlink, created by technology disruptor Elon Musk. Leaders in innovation, the ship management arm of the Columbia

On April 12, the first ship KAVAFIS of the 114,000 dwt Aframax product tanker series built by Shanghai Waigaoqiao Shipbuilding,a subsidiary of CSSC, for ENESEL S.A. of Greece was signed and delivered. This is also the 50th Aframax tanker th

Shandong Port Land-sea International Logistics Group Company launches its first overseas logistics center in the city of Pyeongtaek,inSouth Korea. [Photo/WeChat account: Shandong-Port] Shandong Port Land-sea International Logistics Group Co

On April 6, in the presence of the heads of state of China and France, Chairman of COSCO SHIPPING Mr. Wan Min, Chairman, CEO of CMA CGM Mr. Rodolphe Saad and Chairman of SIPG Mr. Gu Jinshan signed the Memorandum of Understanding on Cooperat

Two of Hong Kongs most high profile maritime personalities have joined forces to create a home-grown ship leasing firm. The latest ship leasing firm in Hong Kong is to be led by Kenneth Lam and Sabrina Chao, the co-founders of SeaKapital Li

Singapore, 12 April 2023, 12 PM, SGT The Global Centre for Maritime Decarbonisation (GCMD) is pleased to award its concept study on offloading liquefied CO2 (LCO2) captured onboard ships to Lloyds Register, supported by their partner Arup.

Oslo and Paris, 12 April 2023.Marlink Group company Telemar has deployed its digital remote access technology to support the fleet operations of Fratelli dAmico Armatori as part of a long term maintenance agreement. Using its remote trouble

On April 11, Tianjin Port released the performance forecast for the first quarter of 2023, showing that the net profit in the first quarter of this year is expected to increase by 92.12%-122.86%. According to the Tianjin Port announcement,

The freight rate of most routes rose, and the increase of the composite index expanded Ningbo Containerized Freight Index: In the week ending Apr-7, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes

Trade notice issued by the U.S. Customs and Border Protection (CPB) clarifies their policy on declaring petroleum residue (slops) and petroleum waste (sludge). In their notice to the Area Port of New Orleans Trade Community No.23-017 , the

Signal Ocean looks at the evolution of oil flows amid the enforcement of EU sanctions on Russian oil The European Union embargo on Russian petroleum products took effect on 5 February and is based on the $60 oil price cap introduced on 5 De