JAKARTA, Mar 31, 2023 - (ACN Newswire) - PT Wintermar Offshore Marine Tbk (WINS:JK) recorded FY2022 gross profit of US$11.2 million, an 88% YOY growth, on the back of rising utilization and charter rates, and a 510%YOY jump in net profit to

On March 30, the worlds largest 24,100 TEU ultra-large container ship MSC RAYA built by Jiangnan Shipyard and China Shipbuilding Trading for BOCOM Leasingand MSC was officially delivered. The ship was designed by Hudong-Zhonghua and is clas

On March 30, China Merchants Industry Jinling (Nanjing) Shipyard and Singapore shipowner Consort Bunkers Pte Ltd signed a contract for the construction of six 6,500 dwt methanol bunkering ships in Nanjing. This batch of orders is also the w

Government officials, experts and executives at enterprises shared their expectations for the future of carbon neutrality and green development at the ongoing Boao Forum for Asia Annual Conference 2023, which runs through March 31 in Boao,

Lithium-ion (Li-ion) battery fires can be difficult to extinguish. Additional, although infrequent events, can result in Li-ion batteries experiencing thermal runaway, a chain reaction leading to a violent release of stored energy and flamm

Gard has recently published an updated comprehensive guide on stowaways outlining the problem, the applicable regulations, assessing the risk of stowaways, prevention at port and humane handling of stowaways found on board. In preparation o

In our latest Alongside podcast, Nick Rowe , Head of Strike Delay at NorthStandard, sat down with Columb Strack of SP Global Market Intelligence to discuss the impact of the big geopolitical changes in the world, how the landscape has shift

(30 March 2023, Shanghai)COSCO SHIPPING Holdings Co., Ltd. (COSCO SHIPPING Holdingsor the Company) (SSE: 601919; HKEx: 1919) today announced its 2022 annual results. lIn 2022, COSCO SHIPPING Holdings overcame various difficulties and posted

Technology group Wrtsil has introduced a new radical derating retrofit solution Wrtsil Fit4Power to extend the emissions-compliant lifetime of merchant vessels by providing the existing two-stroke fleet with leaner, healthier and more optim

The Baltic Exchanges dry bulk sea freight index dipped on Thursday as declines in the supramax vessel rates outweighed gains in capesize and panamax segments. The overall index, which factors in rates for capesize, panamax and supramax ship

Global Shipping Business Network (GSBN), an independent not-for-profit technology consortium building a trusted platform designed to redefine global trade, shipper Saudi Basic Industries Corporation (SABIC), carrier COSCO SHIPPING Lines (CO

Having narrowly avoided a recession in the fourth quarter of 2022, the Japanese economy appears to be recovering. However, Japans demand for steel remains weak and as a result, the countrys bulk imports are estimated to have fallen by 4% y/

Cosco Shipping Specialized announced on March 29 that it would issue a maximum of 643,995,231 A-shares to a specific target, raising a total of no more than 3.5 billion yuan for the leasing of 29 multipurpose pulp vessels and the constructi

MAN Energy Solutions MAN 49/60DF engine has received its Type Approval after a five-day programme on the testbed at company HQ in Augsburg, Germany. The Type Approval Test (TAT) was witnessed by inspectors representing the ABS, BV, CCS, DNV

Close cooperation between Royal Caribbean Group (RCG), the Chantiers de lAtlantique (CdA) shipyard, and Wrtsil will enable RCGs latest vessel to lead the cruise industry into a new era of alternative fuel use. Technology group Wrtsil will s