In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m DWT, a 490% leap y/y, due to a rise in orders for very large crude carriers VLCCs. A notable 19 VLCCs were ordered, already surpassing the number of orders f

SSY, the worlds largest independent shipbroker has today announced that its commodities arm, SSY Futures, is further expanding its reach in the commodities sector with the launch of a dedicated Agricultural Derivatives sales and execution d

80+ dredgers, jack-up barges, cable installation vessels, fall-pipe rock installation vessels, multipurpose ships, heavy lift vessels, and Unmanned Survey Vessels to be served. After winning a 3-year contract for more than 80 vessels to VSA

Key Achievements of Maritime Singapore Total business spending by key maritime companies overseen by MPA exceeded S$4.8 billion, up from S$4.3 billion in 2022. 25 maritime companies established or expanded their operations in Singapore last

On 5th March, the 115000 DWT crude oil carrier build by Dalian Shipbuilding Industry for China Merchants Energy Shipping was successfully delivered and named as New Alliance. photo: DSIC The vessel is the first of a new generation of green a

Singapore and Australia have signed a Memorandum of Understanding (MoU) to formally collaborate on establishing the Singapore-Australia Green and Digital Shipping Corridor (GDSC). The signing of this MoU was welcomed by the Prime Ministers o

Indian Register of Shipping (IRS) a leading international classification society, is pleased to announce that it has signed a Memorandum of Understanding (MOU) with Garden Reach Shipbuilders Engineers Limited (GRSE) on 2nd March 2024. The p

The Nautical SUNRISE project is set to support the worlds largest Offshore Floating Solar power installation. The 8.4 million project, supported with 6.8 million of the Horizon Europe programme, kicked off in December 2023 to execute resear

MOL Chemical Tankers Pte. Ltd. (MOLCT) and Fairfield-Maxwell Ltd. today announced that they have secured all of the necessary regulatory approvals and that MOLCT has completed its acquisition of all of the shares of Fairfield Chemical Carri

During the first seven weeks of 2024, cargo volumes to and from ports in the Gulf of Aden and Red Sea declined 21% y/y. The number of ships arriving in these ports significantly declined as merchant shipping increasingly avoided transiting t

Swiss marine power company WinGD and Japanese shipbuilder and technology developer Mitsubishi Shipbuilding Co., Ltd. have completed the initial design of an ammonia fuel supply system (AFSS) for vessels powered by WinGDs X‑DF‑A ammonia-

MAN Energy Solutions opens up largest service hub outside of Europe New facility in Singapore will help advance global maritime green transition and talent development Singapore welcomes the opening of MAN Energy Solutions new mixed-purpose

The Bollor Group and the CMA CGM Group announce the completion of the sale of 100 % of Bollor Logistics to CMA CGM, it being specified that the transfer of Bollor Logistics Sweden AB to the CMA CGM Group remains subject to the latter obtain

photo: Beihai Shipbuilding CSSC Qingdao Beihai Shipbuilding inked the contracts with EPS and Berge Bulk separately within 2 days, On the last day of February, the shipbuilding contracts for two 210000 DWT Ammonia ready bulk carriers was sin