On April 29, COSCO SHIPPING Holdings released its results for the first quarter of 2022. In the first quarter of this year, the company achieved operating income of 105.53 billion yuan, a year-on-year increase of 62.75%; Net profit attribut

The International Maritime Organization (IMO) Maritime Safety Committee (MSC 105), which met 20-29 April 2022, adopted the following resolution on 28 April 2022: RESOLUTION MSC.495(105) -Actions to facilitate the urgent evacuation of seafar

Industry veteran Adrian Tolson sees at lack of vigorous guidance from regulators meaning that the only way to genuinely tackle longstanding and widescale fuel delivery shortages is for the bunker industry to change its mindset, and become m

The container throughput of Ningbo-Zhoushan port in east Chinas Zhejiang Province is expected to exceed 3 million twenty-foot equivalent units (TEUs) in April, a new monthly record, said the port operator. The figure represents an increase

Chinese iron ore and steel futures rose on Thursday after the countrys central bank said it would take monetary policy steps to help businesses hit by the COVID-19 outbreak and support a recovery in consumption. Returning from a five-day La

The Maritime and Port Authority of Singapore (MPA) was notified on 14 March 2022 that a number of ships had been supplied with High Sulphur Fuel Oil (HSFO) containing high concentration levels of Chlorinated Organic Compounds (COC) (1,2-Dic

The energy crisis continues to have a strong impact on the European power complex, as gas supplies are at risk and coal remains deeply profitable to burn. Clean dark spreads, which measure the profitability of producing electricity from coa

As an enabler in the marine industrys transition to green methanol as fuel, Alfa Laval becomed a member of the Methanol Institute. Founded in 1989, the Methanol Institute serves as theglobal trade association for the methanol industry, repr

Survival Technology solutions provider Survitec has secured a contract to supply advanced fire-fighting systems to a pair of 48,000grt LNG dual-fuelled eco ferries under construction at Finlands Rauma Marine Constructions (RMC) for Australi

Orient Overseas (International) Limited published its Sustainability Report 2021. This report covers the significant environmental, economic and social aspects of OOIL and its subsidiaries. The launch of our 11th annual Sustainability Repor

In the ninth edition of the WindEnergy trend:index, the wind power market received positive ratings for all regions; respondents believe the Ukraine war will only have a short-lived negative impact if any. While the markets in Europe, Asia

Singapores largestshipowner, Pacific International Lines (PIL), willorder at least six 8,000TEU dual-fuel LNG-powered container ships in Chinese shipyards. PIL has already contacted shipyards such as Waigaoqiao Shipbuilding and Yangzijiang

A.P. Moller - Maersk (Maersk) delivered record results for Q1 2022 across its businesses, driven by higher rates and strong long-term partnerships with customers seeking end-to-end supply chain support. Revenue was up 55pct. to USD 19.3bn,

A pioneering joint development project (JDP) to advance carbon-reduction technologies between ABS and Hyundai Heavy Industries Group (HHI Group) has taken a significant step forward by securing Approval in Principle (AIP). ABS has awarded A

American Bureau of Shipping (ABS) has granted Approval in Principle (AIP) for a design for a wind turbine installation vessel (WTIV) for China Ocean Shipping Company Limited (COSCO) byFriede and Goldman (FG). The design is suitable for all