London, England, 27 February 2023. DNV and partners have recently launched a new JIP - EMRED. The JIP aims to establish a monitoring and reporting framework for assessing greenhouse gas (GHG) emissions in the offshore wind installation sect

The newly upgraded GHG Emission Authentic Reporting system (KR GEARs) enables maritime stakeholders to more easily ensure compliance with greenhouse gas (GHG) regulations in a shorter period. Launched by Korean Register (KR) in 2019, KR GEA

BIMCO has started work to draft an industry standard clause for the Russian Oil Cap Scheme. BIMCO has formed a subcommittee to draft a standard clause following the recent decision of the Council of the European Union on 3 December 2022. Th

SINGAPORE February 27, 2023 Chevron Corporation (NYSE: CVX), through its subsidiary Chevron Shipping Company LLC, announced entrance into an agreement with Sembcorp Marine Repairs Upgrades Pte. Ltd, a wholly owned subsidiary of Sembcorp Mar

Vehicles wait to be loaded on the pure car and truck carriers in the Yantan Port, east Chinas Shandong Province, December 11, 2022. /CFP Chineseshipbuilders won all17newordersfor pure car and truck carriers (PCTC) worldwide in January. This

A delegation led by Huo Gaoyuan, chairman and Party secretary of Shandong Port Group(SPG), paid a visit to Singapore from Feb 16 to 20. The five-day trip comprised exclusive meetings with local officials and enterprise senior managers, as w

In January this year, a total of 17 new orders for pure car and truck carriers (PCTC), with 510,000 deadweight tons (DWT) and 152,000 parking spots all fell onto the laps of Chinese shipping manufacturers, data from UK-based Clarkson Resear

Electric vehicle exports in Shanghai have maintained a strong momentum in the first two months of 2023, with nearly 10,000 EVsshipping out at one port in the past week. In January of this year, two major automobile outbound ports of the cit

Two months on from the initial sanctions on Russian crude, we take a look at the impact that these restrictions have had on the Tanker markets. Additionally, we analyse the impact of the new round of sanctions on refined petroleum products

All about methanol What is methanol? Methanol (methyl alcohol, CH3OH or MeOH) is a biodegradable wood alcohol used to make everything from plastics to paints and pharmaceuticals. Although it is toxic and highly flammable, it dissolves in wa

Clean The majority of the Baltic Exchange CPP freight routes have fallen this week, which was reflected in the BCTI dropping to under the 1000 mark. In the Middle East, LRs have taken a tumble after improving. On the LR2s TC1 peaked at just

The Fog of War It now marks one year since the Russian invasion of Ukraine. Instead of being a short military operation, it has evolved into a protracted war with thousands dead and injured on both sides, severe devastation to Ukraine and n

Piraeus, Greece, February 24, 2023. Capital Ship Management Corp. (Capital) took successful delivery of the newbuilding vessel M/T Agisilaos, a 50,000 dwt, eco-type Chemical/Product MR tanker, built by Hyundai Vietnam Shipyard Co Ltd, Vietn

Global, sector-focused law firm HFW has continued to support the development of a new Geneva Declaration designed to define and defend the human rights of the global maritime population and those crossing the worlds oceans and seas. HFW pre

In January, China won all 17Pure Car Truck Carrier(PCTC) orders worldwide. From 2016 to 2020, only four PCTCdeliveredannually. However, the export volume of new energy vehicles continues to climb, greatly boosting the demand for PCTC. Stati