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

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