Algerian LNG export terminal operator Sonatrach has awarded a contract to Chinese group Sinopec for the construction of a new LNG storage tank for the Skikda LNG facility. Courtesy of Sonatrach On 17 February 2022, Sonatrach has signed this

The freight rate of most routes was stable, but the freight rate of Thailand and Vietnam has fallen sharply Ningbo Containerized Freight Index: In the week ending Feb-11, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping E

Recently, Piraeus Port Authority S.A. (PPA) was awarded The Most Sustainable Companies in Greece 2022 by QualityNet Foundation (QNF), a Greek non-profit organization, for its contribution to environmental protection and sustainable developm

China will adopt multiple measures to reinforce foreign trade supply chains to cope with raw material price hikes and supply constraints, the Ministry of Commerce (MOC) said on Thursday. The MOC will guide enterprises to make use of the pre

On February 16, COSCO SHIPPING signed a strategic cooperation framework agreement with Yiwu City and GLP at the corporate headquarters. Chairman of COSCO SHIPPING Mr. Wan Min, Executive Vice President of COSCO SHIPPING Mr. Feng Bo, member o

American Bureau of Shipping (ABS) has granted Approval in Principle (AIP) to a coordinated design for a wind turbine installation vessel (WTIV) in conjunction with the innovative BargeRack feeder barge system by Friede and Goldman (FG). The

Libyan Limbo In recent years, despite holding the largest oil reserves in Africa and the 9thlargest reserves in the world estimated at 48.40 billion barrels, Libya has gone from a top OPEC producer to struggling to maintain a consistent lev

DCSA, BIMCO, FIATA, ICC and SWIFT form Future International Trade Alliance and sign memorandum of understanding to standardise digitalisation of international trade Industry associations collaborate on the development and adoption of releva

On February 17, the green methanol fuel-powered VLCC ship design, jointly developed byCSSC Dalian Shipbuilding Industry and COSCOSHIPPING Energy Transportation, won the AiP certificateissued by DNV and CCS respectively. This project is anot

Introduction Industries across the world are contributing to the vast effort to combat global climate change, and Shipping is no different. To achieve a significant reduction in emissions, the International Maritime Organisation (IMO) has c

Following the bidding process, CMA Terminals, a fully-owned subsidiary of the CMA CGM Group, a world leader in shipping and logistics, has been chosen to manage, operate and maintain the Port of Beiruts container terminal for a 10-year peri

China is expected to reap more domestic energy from offshore resources this year, with offshore oil and gas exploration investment to continue rising, according to a recent report released by China National Offshore Oil Corp. Chinas offshor

Ukrainian and Russian waters in the Black Sea and the Sea of Azov have been added as a precautionary measure to the Listed Areas by the Joint War Committee. A copy of JWLA-028 issued on 15 February 2022 can be accessed here . A Ukraine Corr

RINA has announced the Approval in Principle (AiP) of Swedish designer FKAB Marine Designs hydrogen powered MR Tanker, the first AiP of a design using currently viable technology and fuels that achieves IMO 2050 targets. Conceived by the cl

True to its principle of Resolve to Perform, maritime propulsion specialist Steerprop enhances its customer support by strengthening its presence in the North American market. By establishing a subsidiary in Houston, Texas, Steerprop ensure