Lost in Transit Disruption to crude exports is nothing new, however recent geopolitical events have highlighted the precariousness of crude exports in some parts of the world, particularly where exports involve transiting another nation. In

January 19, 2023, two of the worlds top 10 ship management companies, OSM Maritime Group (hereinafter referred to as OSM) and Thome Group (hereinafter referred to as Thome), issued a joint statement announcing that the two companies will me

Recently, Bank of Communications Financial Leasinghas successfully launched a five-year LNG ship financingprojectwith Standard Chartered Bank and ICBC, with a total amount of $200 million. This project is the first ship financingproject lin

Most routes have sufficient space and the composite index continues to fall Ningbo Containerized Freight Index: In the week ending May-5, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 705.5 point

On May 10, 2023, we held naming ceremony for one 50,000 DWT Product Oil/Chemical Tanker (IMO Type 2) with Hull No.0405030. New Times Shipbuildings Executive Deputy General Manager Mr. Zhang Yuyong,Deputy General Manager Executive DirectorMr

Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee, on Thursday visited HuanghuaPortin Cangzhou City of north Chinas Hebei Province to learn about the operation and development planning of

Slow steaming has been long touted as a vital component in meeting Carbon Intensity Indicator (CII) requirements, a benefit that leading broker Clarksons has largely refuted following research by its green transition team. Clarksons claims

Hamburger Hafen und Logistik AG (HHLA) welcomes the decision of the German government to approve the 24.9 percent minority shareholding of the Chinese company COSCO Shipping Ports Limited (CSPL) in Container Terminal Tollerort (CTT). All is

On May 10, CSSC (Hong Kong) ShippingCompany signed a financialleasingcontract with Italian company MOBYfor two luxury ro-ro passenger ships. [Photo: CSSC Shipping] The two ships were built byGuangzhou Shipyard International. GSI has been eng

IMO is participating in global efforts led by the World Health Organization (WHO) to better prepare for possible future disease pandemics. Before the COVID-19 pandemic, WHOs focus was mainly on preparedness planning according to types of pa

Ubuntu Empathy and Ubuntu Humanity, two 190K DWT dual fuel bulk carriers built by SWS for Anglo American were named virtually on May 9th. Meanwhile，Ubuntu Empathy was delivered successfully, which is the 8th vessels SWS delivered in 2023.

ABS joined Korean industry leaders in the signing of a memorandum of understanding (MOU) to produce a feasibility study for a near-shore floating platform of green hydrogen production and liquefaction. ABS joins the Korea Institute of Energ

Signal Maritime examines the impact of clean commodity flows and the new trends coming to freight using data from Signal Ocean The end of the first quarter of this year brings strength potential for the clean LR2 segment, as the volume of c

International shipbroker IFCHOR GALBRAITHS (IG) will be providing offshore brokerage services in the oil and gas market following its acquisition of Norwegian offshore specialist UNO Offshore. Founded in 2010, with a seven strong team based

May 8, 2023, the general assembly approved the yearend result for 2022 for the DESMI Group - a record-high net revenue of DKK 1,880 million and a profit before tax of DKK 199.5 million, which is considered very satisfactory under the given