On January 16, COSCO Shipping Holdings announced the acquisition of approximately 5.81% of COFCO Fortune. COSCO Shipping Holdings has acquired 180 million shares, accounting for 5.81% of the total share capital of COFCO Fortune, for RMB 5.5

US-listed Navigator Holdings has acquired a 17,000 cbm liquefied ethylene gas carrierNavigator Solarunder a 60/40 joint venture with Hong Kong-incorporated Greater Bay Gas. The joint venture has previously purchased a similar vessel in Sept

TOKYO-Mitsui O.S.K. Lines, Ltd. today announced that the first of Japans first two LNG-fueled ferries, theSunflower Kurenai,owned by MOL and operated by its group company Ferry Sunflower Co., Ltd. entered service on January 13. The ferry se

On January 16, Fujian Guohang Ocean Shipping(group) announced that it would invest 864 million yuan to order four 73,800 DWT bulk carriers from Jiangsu Haitong Offshore Engineering Equipment. According to the announcement, Fujian Guohang Oc

A group of partners led by Norwegian shipping company Wallenius Wilhelmsen has secured 9 million in EU funding to support the construction of an environmentally friendly wind-powered pure car and truck carrier vessel. The partners, who are

Hong Kongs minor bulk specialist Pacific Basin has purchased six second-hand vessels as part of its fleet renewal and growth strategy. Included in the deals were four second-had ultramax vessels, one second-hand supramax ship and one second

The Ningbo Zhoushan Port has already surpassed 1 million TEUs from the beginning of the year. The major Chinese container hub handled 1.05 million TEUs from 1 to 10 January, translating to a 10.75% year-on-year increase. Meanwhile, on 10 Ja

How does the shipping industry reframe risk in what has become a complex marketplace today? And what role does London play in this? With its wide range of relevant expertise and home to key hubs for many sectors of the international maritim

ABS and the Suez Canal Authority (SCA) signed a Memorandum of Understanding (MoU) to develop a long-term sustainability roadmap and decarbonization strategy for the canal, one of the worlds busiest shipping routes. The MoU will see ABS and

16 January 2023, London: The Clean Energy Marine Hubs (CEM Hubs) initiative has gained further support during a Ministerial event hosted by the International Renewable Energy Agency (IRENA) at its 13thAssembly in Abu Dhabi. IRENA welcomes t

16 January 2023, London: Global leaders from organisations representing seafarers, shipowners and other maritime employers signed a memorandum of understanding with the Philippiness Department of Migrant Workers on Wednesday 11 January, to

East Chinas Shandong Province, an economic powerhouse in the country, said during the annual two sessions held by the province that it is set to build a world-class ports cluster in 2023, expanding routes of ocean shipping, Xinhua News Agen

ISTANBUL, Jan 16 (Reuters) - The cargo ship MKK 1, travelling from Ukraine to Turkey, was grounded in Istanbuls Bosphorus Strait on Monday and traffic in the strait was suspended but no damage was reported, shipping agents Tribeca said. Sev

The newest cruise ship in the fleet of Resorts World named RESORTS WORLD ONE is to become thefirst Cruise ship to begin cruising in China after relaxation of covid restrictions. The 75,338 gross tonRESORTS WORLD ONEwas formerly known as the

The leading classification society, Indian Register of Shipping (IRS), is providing classification services for two major new construction naval projects at Goa Shipyard Ltd. A 120m long Floating Dock is being built for the Sri Lankan Navy,