On November 29, ShellPenguins FPSO, the first cylindrical FPSO contracted byCNOOC Offshore Oil Engineering, was completed and delivered in Qingdao, which is the largest and most intelligent cylindrical FPSO in China. Penguins FPSOconsists o

On November 24, the opening ceremony of the Shenzhen branch of DNV Certification Chinawas held at the China Marine Economy Expo 2022. DNVisthe worlds leading classification society and a recognized advisor for themaritime industry. Its main

A.P. Moller - Maersk (Maersk) and IBM today announced the decision to withdraw the TradeLens offerings and discontinue the platform. TradeLens was founded on the bold vision to make a leap in global supply chain digitization as an open and

The UN Conference on Trade and Development (UNCTAD) in its flagship Review of Maritime Transport 2022 has called for increased investment in maritime supply chains. Ports, shipping fleets and hinterland connections need to be better prepare

Technology has advanced to such a degree that we can often rely more on automated systems than fellow humans to ensure a plane remains in the air. But certain situations require hyper-concentration by those responsible for operations. This

As the latest EU sanctions on Russian oil are coming into force in early December, we take a look at how the nearing sanctions are impacting values and trade within the Tanker and LNG markets. From the 5thof December, sanctions and price ca

A Partnership for Environment Management in the Seas of East Asia ( PEMSEA ) Regional Task Force meeting is taking place (23-25 November) in the Philippines. The goal of the meeting is to advance towards the establishment of a regional stra

We are seeking feedback on proposed changes to Marine Order 504. The proposed changes relate to crewing requirements and the introduction of minimum lifejacket wear requirements through the vessels risk assessment and safety management syst

With businesses around the world facing unprecedented pressure from the cost of energy and the urgency of climate change, a new report from the Energy Efficiency Movement shows that improving industrial energy efficiency is the fastest and

Silverstreams CEO,Noah Silberschmidt, has been named as one ofLloyds Lists Top 10 Technology Leaders of 2022, which is a list of individuals who are at the forefront of maritime technology and driving industry innovation. The achievement co

Tsakos Energy Navigation celebrating 30 years as a public company, is named as lead sponsor of the LISW23 Headline Conference. The Plenary Hall of the International Maritime Organization (IMO) will once again host the LISW23 Headline Confer

Highlights A rebound in the dirty tanker trade has led the Baltic Exchange Dirty Index (BDTI) to increase by 64% since our last report from mid-September. The clean tanker trade has seen the Baltic Exchange Clean Index (BCTI) increase by 21

INTERCARGOs semi-annual and Annual General meetings took place in Singapore last week for the first time since 2018. Members joined together both virtually and in person to review the Associations achievements to date and to determine polic

Rarely has the importance of maritime logistics for trade and development been more evident than during the last year. Historically high and volatile freight rates, congestion, closed ports and new demands for shipping following COVID-19 an

On November 26, Guangzhou Shipyard International held a steel cutting ceremonyforMSC/GNV1,500-passenger / 3,100-meter lane Ropax vessel. The vessel, 218 meters long and 29.6 meters wide, can accommodate up to 1,500 passengers with 299 cabin