July 19, COSCO Shipping Development announced that the COSCO Shipping Development and its subsidiaries sold about 2.29% of the A-shares of China International Marine Containers (CIMC) for about 1.302 billion yuan from July 19, 2021 to July

On July 20, BHANUMATI, the second 210,000 DWT bulk carrier built by COSCO Shipping Heavy Industry (Yangzhou) for ICBC Leasing, was successfully delivered in Taicang, Jiangsu and began first voyage on the same day. The BHANUMATI is 299.95 me

A giant mineral resources group was set up in Xiongan New Area, North Chinas Hebei Province on Tuesday, in a long-awaited move that would give China a bigger say in iron ore pricing. China Mineral Resources Group, with a registered capital

Industry best practices for addressing the challenges posed by an aging global Floating Production Storage and Offloading (FPSO) fleet have been published by ABS in a safety milestone for the sector. Enhancing Safety on FPSOs, Practical Con

On July 18, a small boat capsized off the coast of Morocco in West Africa. GREAT TRIUMPH, a vessel owned by CMES Hong Kong Ming Wah Shipping, responded to the rescue call from LAS PALMAS Maritime Rescue Coordination Center (MRCC) immediatel

Ocean Sun has signed an agreement to license its proprietary floating solar technology to developer Sunneng Technology for the construction of a 0.5MWp offshore floating solar pilot connected to a wind turbine in Haiyang, off the coast of C

42 incidents of armed robbery against ships in Asia reported to ReCAAP ISC from January to June 2022 11% increase of incidents compared to same period in 2021 The ReCAAP Information Sharing Centre (ISC) has released its Half Yearly Report 2

By signing the Sustainable Ocean Principles MSC reaffirms its commitment to ocean sustainability and the Sustainable Development Goals, including SDG 14 (Life below water). As announced by the United Nations Global Compact at the UN Ocean C

RINA issued Certificate ofApprovalin Principle (AiP)toShanghai Moury Marine EquipmentCo., Ltd.forrecognitionofits design and development capabilities in marine energy-savingdevices - pre-shrouded vanes. RINA hold an Approval in Principl

This week, New Yangzi Shipbuilding delivered two1800TEU container ships, SITC RUNDE and SITC MINGDE, toSITC International Holdings. On July 20, 2022, the online Delivery Ceremony of M/V SITC MINGDE was successfully held by SITC Internationa

PetroChina and Cheniere Energy have signed a long-term LNG sale and purchase agreement (SPA) relating to the Corpus Christi LNG terminal. Under the SPA, PetroChina subsidiary PetroChina International Company (PCI) agreed to buy up to approx

Singapore VLSFO supply continues to be tight in Singapore. Demand for prompt stems have increased in recent weeks, resulting in high price premiums for prompt delivery dates, a trader says. The market is likely to remain tight throughout th

Wednesday 20 July 2022, London: International Chamber of Shipping (ICS),the global trade association for shipowners and operators, continues to enhance and strengthen its team with five appointments over the past three months to support the

The algorithm underpinning Signal Oceans estimates of vessel CO2 emissions has been verified as meeting IMO guidelines by the independent classification society DNV. The calculation considers all aspects of any voyage as well as any route d

Chevron Marine Lubricants announced the launch of its Clarity Synthetic EA Grease 0, an anhydrous calcium thickened lubricating grease based on biodegradable synthetic esters that meet the parameters specified in the 2013 Vessel General Per