The worlds first 23,000 TEU liquefied natural gas-powered container ship is delivered in Shanghai in September 2020. [Photo provided to China Daily] Nine listed subsidiaries of China State Shipbuilding Corp Ltd, or CSSC, announced on late T

Oil production Its a game of two halves With oil prices racing back up to $75/barrel and the very real prospect of sustained demand rising in the near term, the time to open the taps, you would think would be now. However, as with everythin

Hydrogen is the latest alternative fuel to have its potential for the maritime industry explored by ABS in its industry-leading series of detailed sustainability whitepapers. Sustainability Whitepaper: Hydrogen as Marine Fuel explores the g

Proman, headquartered in Switzerland, announced on June 30 that it will add another 49,900 dwt methanol dual-fuel MR tanker, which will increase the number of methanol dual-fuel tankers it has invested in to six. The two new ships, christen

On June 30, Hubei Port Group was unveiled and established in Wuhan, marking the integration of port resources in the province and achieving major results. Hubei Ports development has entered a new historical stage. Hubei Port Group has achi

Korean shipbuilder Samsung Heavy Industries (SHI) has received approval in principle from Norway-based classification society DNV for the design of fuel cell-powered LNG carrier. DNV granted the basic design approval for commercialisation.

DNV, the worlds leading classification society, has released the latest updates to its rules for ship classification, with a raft of new class notations designed to enable the maritime industry to tackle the decarbonization challenge. The n

Cadeler, a Danish offshore wind power operating company, has invested heavily in COSCO SHIPPING Heavy Industry to order two of the worlds largest wind turbine installation vessels. On June 30, Caleder officially announced that after a compr

In the first 5 months, China Japan and Korea have received 14.27 million tonnes of corn from the United States, which takes up 62% of the three economies total imports. (CJK representing China, Japan Korea) US corn arrived at CJK during Jan

Oslo-headquartered Export Finance Norway ( Eksfin.no ), the result of a merger between former government agencies GIEK and Export Credit Norway, has opened its doors and is fully operational from 1 July 2021. The merger of the two predecess

The Republic of the Marshall Islands (RMI) achieved a ranking in the top three on the white list of the Paris Memorandum of Understanding (MoU) as reflected in the Paris MoUs Annual Port State Control Report , released 1 July 2021. Neither

Herbert Engineering Corp. (HEC) , announces the appointment of a seasoned executive, Hendrik Bruhns, as President. Hendrik succeedsSpencer Schillingwho willformally step down as Presidenton July 1st, 2021.Spencer, who has worked for HEC for

The drafting committee that will carry out the first revision of the ASBATANKVOY form in 44 years has kicked off the major task to improve and update the widely used tanker charter party form. At an online meeting on 22 and 24 June, a joint

Aurora Tankers, a wholly owned subsidiary of IMC Industrial Group (IMC), announced it has formed a strategic partnership withGolden Stena Baycrest Tankers (GSB), to manage and operate stainlesssteel tankers. The collaboration will be focusi

Simpson Spence Young (SSY) has announced the appointment of their new Head of SP, Toby English . Toby is set to join the company later this year, and will lead the groups worldwide SP teams which are based in London, Singapore, Hong Kong, a