Equinor, Shell, TotalEnergies, Gassco and classification society DNV announced the kick-off of a new JIP to develop low-pressure solutions for the transportation of CO2 by ships. The CETO (CO2 Efficient Transport via Ocean) JIP will carry o

On December 17th, at CSSCs Projects Concentration Signing Ceremony, Dalian Shipbuilding Industry and China Shipbuilding Trading signed a 1+1 large-scale LNG carrier cooperation letter of intent with China Merchants Energy Shipping. This mar

Nantong CIMC Sinopacific Offshore Engineering, a subsidiary of CIMC ENRIC, and CNOOC Energy Technology Services Limited signed a contract for the construction of a 12,000 m3 LNG bunkering vessel worth RMB 441 million. The ship has a total l

Chinese unit of British oil and gas company BP has signed an LNG sale and purchase agreement with a subsidiary of Chinas State Power Investment Corp (SPIC) for a period of ten years starting 2023. Under the deal, BP will sell 200,000 metric

On 15thDec, RINA issued AIP to China Merchants Cruise Research Institute. These two types of cruise boats are designed and developed by China Merchant Cruise Research Institute. One is49.6 meters riverside city cruise, designed for the Huan

The container throughput of Tianjin Port in Tianjin surpassed 20 million TEUs this year on Saturday, setting a new annual record for the port. As a major port in North China, improvements in the ports transportation capability are expected

Cosco Shipping Development Co. said it has raised 1.46 billion yuan ($229.0 million) in a private placement. The Chinese shipping company issued 530.4 million new shares at CNY2.76 apiece, it said Monday. Investors included the companys cur

A growing number of shipbuilders are turning to eco-friendly vessels as the shipping industry will face strengthened requirements on carbon emissions in the coming years. Shipping accounts for about 3 percent of the worlds annual carbon emi

A year ago Royal Wagenborg started out with a pilot with bottle filling stations installed on board of six vessels. At this point, almost forty vessels are equipped with a bottle filling station. Wagenborg Superintendent Izak van Rhijn expl

11 out of 23 ship finance portfolios are aligned with the IMOs decarbonization target. In 2020, only 20% of reporting Signatories were aligned with this goal. The second Poseidon Principles Annual Disclosure Report 2021 reflects the Signato

On December 17, China State Shipbuilding Corporation held a signing ceremony for marine projects. 8 shipbuilding projects and 8 ship equipment projects were signed together, and the cumulative amount reached 12 billion yuan. The shipbuildin

All-inclusive trans-Pacific container shipping rates to North America were buoyed in the week to Dec. 17 by a renewed push to restock retail inventories in the period between the calendar year-end and Asias Lunar New Year celebrations begin

TEST Biofouling Project will demonstrate technical solutions to stop invasive species and reduce GHG emissions from ships. A newly signed project is set to provide pilot projects in developing countries in order todemonstrate technical solu

An agreement on the establishment of strategic sister port relationship between Chinas Shandong Port Group or SPG and the Abu Dhabi Ports Group was signed on Dec 14, as the United Arab Emirates celebrates the 50th anniversary of the foundin

Fitch Ratings has affirmed CSSC (Hong Kong) Shipping Company Limiteds (CSSC HK Shipping) Long-Term Issuer Default Rating (IDR) and the rating on the senior unsecured note issued by CSSC Capital 2015 Limited at A. The Outlook is Stable. CSSC