The only way to lower greenhouse gas emissions in shipping and entice companies to set zero-emission targets in the sector is by setting an end date for fossil fuels in the shipping industry through a global regulation, Maersks Chief Adviso

Developing countries are looking to seize the opportunities that decarbonizing shipping presents. We need to prioritize decarbonization of hard-to-abate sectors like shipping, said Mr. James Mnyupe, Presidential economic adviser, Namibia, s

Following the collaboration agreement signed between SolarDuck and RWE in July this year, SolarDuck was selected as the exclusive provider for offshore floating solar (OFS) technology with integrated energy storage in RWEs bid for the offsh

Fair Value? VLCC earnings have been remarkably strong over the past few months despite the prospect of OPEC+ production cuts which are largely focused on the Middle East. With cuts planned, next year will also coincide with increases in reg

Hamburg, Germany, XX November 2022. Classification society DNV has released an update to its Wind Assisted Propulsion Systems (WAPS) technical standard (ST-0511). The major update introduces new methods for evaluating WAPS fatigue strength,

The 2022 Global Trade and International Logistics Summit, a supporting event of the fifth China International Import Expo, kicked off on the morning of Nov 8 in Shanghai. During the event, the 2022 Logistics and Supply Chain (China) Solutio

More than 4,700 vehicles were loaded onto a ship theGrande Mirafiori on Tuesday at the automobile terminal in Dalian, Liaoning province. It set a record for Dalian Port for a single shipment of foreign trade commodity vehicles, said Jin Zha

Swedens Furetank and Canadas Algoma Central are expanding the fleet of their joint venture, FureBear, and will place an order for two more chemical tankers in China Merchants Jinling Shipyard in Yangzhou, China., which is expected to be del

In response to media queries, the Maritime and Port Authority of Singapore (MPA) said that it was informed by the Indonesian authorities that the tanker, YOUNG YONG, has been successfully refloated on 10 November 2022 and is now anchored at

Recently, DNV and China National Offshore Oil Corporation(CNOOC)signed a strategic cooperation agreement at the 5th CIIE. In order to realize the dual carbon and promote the green and low-carbon transformation and high-quality development o

Leading global mutual protection indemnity (PI) insurer Standard Club has laid out its vision to support its members sustainability goals with the launch of its first sustainability impact paper. The London based insurer released the report

Various types of marine equipment, especially intelligent unmanned high-speed vessels, which are playing an important role in safeguarding the countrys maritime security and scientific research, are one of the highlights of this years Airsh

Yang Ming Marine Transport Corporation (Yang Ming) held its 379th Board Meeting on November 10th, 2022 to approve its 2022 Q3 financial report. The Companys consolidated revenues in Q3 totaled NTD 99.81 billion (USD 3.41 billion). Yang Ming

State-owned oil and gas company QatarEnergy has signed another long-term charter contract with a subsidiary of Japanese shipping company Mitsui O.S.K. Lines (MOL)for three newbuild liquefied natural gas (LNG) carriers. The contract includes

Hapag-Lloyd has concluded the first nine months of 2022 with an EBITDA of USD 16.6 billion (EUR 15.6 billion) and an EBIT of USD 15.1 billion (EUR 14.2 billion). At the same time, the Group profit climbed to USD 14.7 billion (EUR 13.8 billi