The year ended with critical changes in grain flows due to geopolitical tensions between Russia and Ukraine. In parallel, the Chinese real estate crisis seriously impacted Capesize vessels, while the energy crisis drove up coal flows and Pa

Shipping companies are piloting an innovative cloud-based solution for weather-optimized voyage routing launched by OrbitMIthat allows routes to be plotted automatically based on cost, time and fuel consumption as new CII regulations raise

The new organisational structure and new executive leadership team follow the appointment of Vincent Clerc as CEO of A.P. Moller - Maersk effective 1 January, 2023. Today, A.P. Moller - Maersk (Maersk) has announced a new organisational str

China is leading the world in building liquefied natural gas (LNG) carriers with the orders accounting for over 30 percent of the global market share. Since the beginning of 2022, the cost of a mainstream 174,000 cubic meterLNGcarrier has r

On January 6 and 9, two 22,000 m3 liquified ethylene gas carriers built by Jiangnan Shipyard for Petredec were signed and delivered. So far, all four ships of this series have been delivered. The total length of this type of ship is 159.9 m

An energy transition project comprised of 14 partners, WHISPER, has been granted 9,2 million in funding from Horizon Europe, which will include retrofitting ships to achieve emission reductions. The goal of the project is to develop a solut

The Maryland Board of Pilots has approved a rule to ban the use of personal cell phones by ship pilots in Maryland waters following theEver Forwards grounding in Chesapeake Bay last March. TheEver Forwardgrounded on March 13, 2022 outside t

Capesize The decline in the first week of the year appeared to be no surprise to the market due to the lackluster activity and seasonal headwinds since the holiday season. The average rate of the Capesize 5 timecharter (5TC) routes had its

Container shipping lines reaped massive windfalls during the COVID-era consumer boom. Different ocean carriers pursued different fleet strategies in 2020-22, from aggressively maximizing market exposure on one hand to keeping capacity flat

The energy transition needs specialized ships to carry very large wind turbine components. DNV has created a new class notation for deck carriers to accelerate classification of this important emerging ship type. Climate change and energy u

Panamas Ministry of the Presidency has issued Executive Decree 245 of 21 November 22, that orders immediate removal from the Panama Ship Registry of vessels for which the Panama Maritime Authority (AMP)s Directorate General of Merchant Mari

DNV confirms its ShipManager software was victim of a cyber-attack on the evening of Saturday 7 January. DNV experts have shut down ShipManagers IT servers in response to the incident. All users can still use the onboard, offline functi

Oslo and Paris, 09 January 2023.Marlink, the smart network solutions company, has completed the migration of UNI-TANKERS owned fleet to its global hybrid network solution. The Danish shipping company UNI-TANKERS, recognised for its high ope

Full year 2022 data points for the international shipping industry have been released by Clarksons Research. Reviewing the data, Steve Gordon, Managing Director of Clarksons Research commented: The ClarkSea, our overall day rate charter ind

Elcome International, a leading provider of maritime systems and integration solutions, is providing SpaceXs Starlink Internet services to its global maritime and mobility customers. From merchant vessels to oil rigs to luxury yachts, Starl