The Inter-Club Agreement (ICA) was formulated by International Group of PI Clubs in 1970. It is intended to provide a relatively simple mechanism whereby liability for cargo claims arising under New York Produce Exchange Form (NYPE) or Asba

As Chinas new energy vehicle manufacturers continue to upgrade their technology and improve their production efficiency, exports have been booming. In Yuyao, Ningbo, Zhejiang province, the Lynk Co factory has achieved higher value-added pro

London Shanghai, 11th January 2023 :Silverstream Technologies today announced it has signed a deal with China Merchants Energy Shipping (CMES) to install its market-leading air lubrication technology, the SilverstreamSystem, on four 175,000

Belgian oil tanker and storage group Euronav disputes Frontlines right to end a merger agreement between the companies and is considering its options, including arbitration and legal action, it said on Wednesday. Oslo-listed oil transporter

Swiss-based liner major Mediterranean Shipping Company (MSC) is starting the year on a high note with the construction of its New Panamax giants in China making headway. Namely, Dalian Shipbuilding(DSIC), part of China State Shipbuilding Co

(10 January 2023, Hong Kong) CIMC Enric Holdings Limited (CIMC Enric) and its subsidiaries (collectively, the Company) (Hong Kong stock code: 3899.HK) are pleased to announce that CIMC Blue Water Technology Development (Guangdong) Co. (CIMC

On January 10, Wanhai Lines released data showing that Wanhais revenue in December 2022 was NT $11.458 billion, down 50.7% year on year; Revenue in 2022 was NT $258.87 billion, up 13.54% year-on-year. Wanhai explained that the revenue plung

Tons of thermal coal are unloaded and transported at a port in Lianyungang, East Chinas Jiangsu Province on December 21, 2022. Photo: VCG Chinese steel companies have recently started resuming coal imports from Australia, as part of efforts

The key regulations that have been highlighted for 2023 are for targeting the ships efficiency and carbon emissions. These regulations aim to reduce the carbon emissions for existing and new ships, using energy efficiency indicators to dete

Photo: Campbell Shipping The long-standing Inmarsat customer has extended its Fleet Xpress agreement for 12 vessels and adopted value-added services for remote maintenance and cyber security. Bahamas-based ship-management group Campbell Shi

As ship owners around the world respond to environmental regulations that are changing the way vessels are powered , there is less certainty than ever around what future vessels will look like. The markets of the future are equally uncertai

The IMOs carbon intensity regulations, specifically the carbon intensity indicator (CII) in place since 1 January, are likely to dramatically impact the LNG fleet supply, which could lead to stranded assets later this decade. The warning co

Korea Shipbuilding and Offshore Engineering (KSOE), a research-oriented intermediate holding company of the Hyundai Heavy Industry (HHI) Group, Germanys Fraunhofer Institute for Ceramic Technologies and Systems (IKTS), and European solid ox

China imported corn from Brazil by bulk carrier for the first time on Saturday, marking the official launch of a corridor for Brazil to ship corn to the worlds second largest economy, according to Xinhua News Agency. The ocean freight shipp

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President CEO: Takeshi Hashimoto) today announced that it has decided on a new series name and a new hull color design for its car carriers, which are primarily fueled by environment-friendly liquefied