Introduction 2022 was an eventful year for the Offshore industry. Geopolitical tensions between Russia and Ukraine caused the price of oil to hit USD 100 per barrel and reach highs of c. USD 130 per barrel. Oil majors announced record profi

At Dapukou terminal, Zhoushan Port in East Chinas Zhejiang Province, a large cargo ship with a capacity of thousands of containers was waiting for cargo to be loaded before heading to its final destination in western Africa. Like many other

To support the Science-Based Targets Initiative (SBTi), COSCO SHIPPING Logistics has recently submitted to the organization a 1.5C pathway-based scientific emission reduction target for COSCO SHIPPING Logistics Chongqing. As an organization

Chinas liquefied natural gas (LNG) carrier manufacturers have ramped up vessel supplies to meet the growing demand from global clients. As the shortage of natural gas in Europe continues to intensify, the demand for LNG carriers in the inte

COSCO SHIPPING Tianjin, Hainan Harbor Shipping and Yangpu International Container Terminal are expected to jointly build a green low-carbon smart terminal, with the photovoltaic power plant project as a starting point. Chinese President Xi

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