London, 22 March 2023 A consortium of global shipping organizations and the Oil and Gas Climate Initiative (OGCI) have received approval in principle from the American Bureau of Shipping (ABS), the US ship certification agency, to use a car

Orient Overseas (International) Limited (OOIL) today announced a profit attributable to equity holders of US$9,965.2 million for 2022, compared to a profit of US$7,128.1 million in 2021. Earnings per ordinary share in 2022 was US$15.09, whe

Adam Parnell Chirp, Dirk Van de Velde CINS, John Beckett ICHCA, Mark Lefebvre CINS, Patrick Hicks COA. Cargo Incident Notification System (CINS), Confidential Human Factors Incident Reporting Programme (CHIRP), Container Owners Association

Chinas first service ship powered by a 500-kilowatt hydrogen fuel cell has been put into operation in Zhongshan, Guangdong Province, according to China Three Gorges Corporation on Monday. The service ship, Three Gorges hydrogen ship No.1, u

A public employees strike has effectively closed the Port of Hamburg, Germanys busiest seaport and the second busiest in all of Europe, for 48 hours. Port officials began limiting vessel movements on the Elbe as of this morning and closed t

The Republic of the Marshall Islands (RMI) has again been recognized as a high-quality registry, achieving an unprecedented 19 consecutive years on the United States Coast Guards (USCGs) QUALSHIP 21 roster as noted during todays INTERTANKO

The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, extended losses on Wednesday and marked its biggest one-day fall since mid-February due to weaker demand for larger vessels. The overall in

Procureship, provider of one of the worlds leading e-procurement platforms for marine buyers and suppliers, has partnered with fellow Greek company Oriani to further expand the digitialisation efforts of Greek shipping companies. Oriani adv

Reaching 116.1 million tonnes, Chinese refineries output hit a new high for the first two months of the year. Increases in exports and domestic transportation demand, following higher export quotas and the lifting of COVID restrictions, are

Chinas foreign trade has gotten off to a good start this year, with an upbeat trend to follow, a customs official said on Monday. The number of containers for export has been rising since late February, Yu Jianhua, head of the General Admin

The technology group Wrtsils successful and highly efficient Wrtsil 31 diesel engine is being upgraded for higher power output than ever before. The upgraded version delivers an increased power to size ratio within the same physical footpri

On March 20, China Development Bank Financial Leasing announced that it plans to acquire two LNG carriers from GasLog for $284 million. Two wholly owned companies of China Development Bank Financial Leasing acted as the buyer, with the sell

On March 20, the first 1900TEU container ship VENTO DI BORA built by CSSC Huangpu Wenchong Shipbuilding for Schoeller Holding was successfully delivered. Leaders and guests from the shipowners subsidiary Columbia Shipmanagement, China Shipb

On Mar 21, 2023,Container ship HYUNDAI TOKYO struck pier while berthing at Kaohsiung Port, Taiwan, berth , at 0930 LT Mar 20, on arrival from Ningbo in full load. The ship had rather high speed at the moment of contact, reportedly she suffe

Maersk unveiled the designs for its pioneering methanol dual-fuel containership in social media posts today. The shipping giant revealed the first renderings of the ship which is expected to launch a new era for container shipping as the fi