The Importance of Coral Reef Ecosystems Coral reefs support a large diversity of marine life and hold enormous ecological, economic, and cultural value to hundreds of millions of people around the world, providing valuable ecosystem service

2023 could see the most anticipated recession in history: Soaring inflation, aggressive rate hikes and the rising cost of living continue to cause demand destruction and could tip the world economy into a recession in 2023. There is a stron

Genoa, 13 February 2023- RINA, the international classification society, has today announced the signing of a Memorandum of Understanding (MoU) with ABB. The MoU focuses on establishing a collaborative relationship with the aim to develop n

13 February 2023 (LONDON)-Oil Companies International Marine Forum (OCIMF) and the inland navigation sector with the support of the Central Commission for the Navigation of the Rhine (CCNR) have collaborated with other European organisation

The Board of Directors of Orient Overseas (International) Limited has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line on a quarterly basis. This announcement sets out the unaudited operational

Capesize It has been a relatively quiet week, with a mild degree of adjustments from both basins. The average of the 5 Capesize timecharter routes eventually broke the $4,000 threshold on the last day of the week, pricing at $4,033, which i

Research into the availability and preparedness of future low- and zero- carbon marine fuels and technology is being conducted as part of a new project. The decarbonization of international shipping is a priority for IMO and by mid-2023, th

Recently, the first batch of polycarbonate made by SINOPEC SABIC Tianjin Petrochemical Co. Ltd. (SSTPC) was containerized and shipped by PANASIA Shipping, a subsidiary of COSCO SHIPPING Lines, from Tianjin Xingang. It was the first time tha

Shandong Port Group (SPG) held a ceremony for the start, resumption and operation of 48 key construction projects in Rizhao city on Feb 6. Projects serve asmajorpropellers of port transformation andarethe cornerstoneforboosting the high-qua

Growing international demand for local electric car models sees export numbers surge Chinese carmakers are seeing their popularity rise in overseas markets, which may push the countrys vehicle exports to a new high this year following a sur

The Lujiazui Financial City Council in Shanghai, China, and the Association of Banking and Financial Executives of Hellenic Shipping signed a strategic cooperation agreement on shipping finance during an online event held on Friday. Under t

Requirements for crew change and shore leave 1.This circular supersedes Port Marine Circular (PMC) No. 19 of2022. 2.In view of the improving global COVID-19 situation, low impact of imported cases on our healthcare capacity, and the absence

At about 0250 hrs on 11 February 2023 (Singapore time), the Maritime and Port Authority of Singapore (MPA) Marine Safety Control Centre was alerted that a harbour pilot from PSA Marine (PSAM) had fallen overboard while disembarking from a t

The Wind of Change In recent years we have paid close attention to the new 650kbd Dangote refinery currently under construction. The project was initiated nearly a decade ago and was originally scheduled to come online in 2019. However, as

Nantes, France, 10 February 2023. Classification society DNV has awarded an AiP to Michelin for their WISAMO wing sail system. This is the first AiP to have been awarded to an inflatable wing sail design and is currently being installed for