Group Revenue of US$6,988 million Group EBIT of US$2,866 million Group EBITDA of US$3,113 million Operating Cash Flow of US$2,955 m illion Profit Attributable to Equity Holders of US$2,811 million Interim Dividend of US$1.76 per ordinary sh

Regulatory Nightmare Back in July, the European Union (EU) finally unveiled its much-anticipated plans to meet its climate ambitions, which for the first-time folded shipping into the Emissions Trading Scheme (ETS). The strategy also propos

UZMAR Shipyards in Turkey is one of the worlds top-notch tugboat builders with a very good reputation worldwide. The company has now chosen Steerprop to deliver six SP 20 WD azimuth propulsion units for a series of three Robert Allan Ltd. d

DNV, the worlds leading classification society, has awarded an Approval in Principle (AiP) to Samsung Heavy Industries (SHI) for a Fuel Ready (ammonia, D, S, Ti) class notation for their 300,000 dwt LNG fueled very large crude carrier (VLCC

The Baltic Exchanges main sea freight index extended its winning streak to eight sessions on Thursday, supported by a surge in rates across vessel segments, especially capesizes, which hit their highest level in over 11-1/2 years. The overa

Many charge adjustments made by shipping companies are all related to the current global port congestion. Maersk adjusts terminal operating fees and raises the charging standards for reefer containers Maersk issued an announcement a few day

Lead times for low sulphur fuels have gone up in Fujairah on the week, with most suppliers being able to offer for the grade from 26 August onwards. HSFO380 is still tight in Fujairah as well, with lead times stretching to 8 days after a su

Capesize freight rates on the key iron ore route from Brazil into China hit a decade high on Aug. 18 on bullish fundamentals and the resurgence of activity in the Atlantic region. Strong demand for shipping iron ore out of Brazil, firm sent

A.P. Moller - Maersk has identified its partners to produce green fuel for its first vessel to operate on carbon neutral methanol: REintegrate, a subsidiary of the Danish renewable energy company European Energy. REintegrate and European En

Eaglestar announced the appointment of its first Malaysian female Master - Captain Eezmaira Sazzea Binti Shaharuzzaman who has successfully taken command of Seri Bijaksana, a 153,000 cbm LNG carrier. Captain Eezmaira Sazzea was among the fi

Capital-Executive Ship Management Corp. (Capital-Executive) today announced the successful completion of the latest phase of the Smart-Bearing research project. The smart bearing sensor was last installed and tested on board the Capital-Exe

The official website of IMO officially released the unmanned ship trial report proposal (Report on MASS trials) completed by Guangdong Maritime Safety Administration. This is the first unmanned ship trial report proposal adopted by IMO in C

The worlds largest Floating Production Storage Offloading platform (FPSO) was fully refitted at Dalian Shipbuilding Industry and launched smoothly. FPSO is also known as offshore oil factories, which connect subsea oil wells and drilling pl

A Floating and Production Storage and Offloading Vessel (FPSO) ordered by China National Offshore Oil Company Energy and Technology Services Company (Cenertech)to serve the Lu Feng 12-3 Oilfield is to be built to ABS Class. The 100,000 DWT

In an industry first, ABS has awarded China Merchants Industry (CMI) Approval in Principle (AIP) for its self-developed Deep-Sea Mining Riser and Lift System. The AIP follows ABS awarding AIP for CMIs deep-sea mining system design, which wa