China Classification Society (CCS) and China COSCO Shipping Group Co. Ltd have signed a new agreement that will see the organisations work together to tackle the issue of greenhouse gas emissions in the maritime sector. CCS vice-president S

Shipowner and investor Tor Olav Troim created another bulk carrier company, Himalaya Shipping, and signed 8+4 208,000 dwt LNG-powered Newcastlemax bulk carriers in New Times Shipbuilding. The cost of each ship ordered by Himalaya is between

The National Immigration Administration issued 16 new measures to simplify work formalities and procedures to reduce the cost of shipping enterprises on Friday. All of the measures come into effect immediately. Under the background of susta

International Maritime Organization (IMO) adopts key mandatory measures to reduce ships carbon intensity; establishes ship rating system. New mandatory measures to cut the carbon intensity of international shipping have been adopted by the

For as long as most can remember, Japan has been the worlds largest LNG market. The countrys utilities and trading houses underpinned decades of LNG supply growth, signing long-term contracts that formed the bedrock of the industry. But not

DNV has launchedthe EEXI Calculator a digital tool to support customers in ensuring their compliance with the upcomingEnergy Efficiency Existing Ship Index(EEXI). The regulation is expected to be adopted at this weeks 76thmeeting of theMari

Elcome International , one of the worlds largest providers of maritime systems integration, technical support and shipboard service, announced the opening of another office in Europe. Based in the Spanish port city of Algeciras, the facilit

Three New Venture Capital Partners Boost Investment Funding The Maritime and Port Authority of Singapore (MPA) and NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS), today announced the launch of Smart Po

A buyers payment instalments are at risk under a shipbuilding contract until the shipyard delivers the ship. To safeguard against the risk of the shipyard defaulting or becoming insolvent it is common practice to cover this risk with a refu

With discussions at the International Maritime Organizations (IMO) Marine Environment Protection Committee (MEPC) meeting (held 10 to 17 June 2021) on sea-based sources of marine plastic delayed until the end of the year, BIMCO is looking a

The shipping industry has welcomed the growing momentum for a USD 5 billion RD Fund for shipping, but is calling on governments to act in line with their climate commitments and not waste more time in moving forward with decisive action to

At the 76th session of the Maritime Environmental Protection Committee (MEPC 76), the IMO has prohibited the use of cybutryne in antifouling systems (AFS) from 1 January 2023, as studies have proven that the substance is harmful to a variet

In a report published 9 June 2021, the United Nations Office on Drugs Crime (UNODC) provides an interesting view into on the piracy problem emanating from the Niger Delta, and explains in detail why there is an urgent need for international

Peak Oil Demand in Sight? Last month the International Energy Agency (IEA) released its Net Zero 2050 report, outlining the actions that are needed to achieve net zero emissions globally by 2050. To reach this, the IEA calls for no new oil

Following extensive consultations with its partners, Hamburg Messe und Congress GmbH decided to cancel the MARINE INTERIORS Cruise Ferry Global Expo scheduled for 8 to 10 September 2021, as well as the Seatrade Europe Cruise and River Cruis