In the wake of a 50% increase in net profits for 2020, announced just two days ago, Hong Kong-listed SITC, an intra-Asia liner operation, has ordered eight containerships from Yangzijiang Shipbuilding including four 2,600 teu ships and four

Responding to the UN Secretary-Generals call for urgency and ambition on climate change, the entire global shipping industry is giving full and unequivocal backing to a moon-shot proposal submitted by governments, to catalyse the complete d

ACRONYM NAME DATE OF ENTRY WEBSITE ACOPS Advisory Committee on Protection of the Sea 1983 www.acops.org.uk ASEF ilding Experts Federation 2017 www.asef2015.com BIC Bureau International des Containers et du Transport Intermodal 2011 www.bic-

BIMCO and the Royal Institution of Naval Architects (RINA) have identified a need for and therefore proposed - an alternative method to determine an accurate reference speed in connection with a carbon reduction framework currently under de

Industry partners welcome moon-shot proposal from governments to set up a $5 billion USD fund to catalyse the vital research and development needed to help shipping meet UN decarbonisation goals. Governments controlling a major share of wor

ReCAAP Information Sharing Centre (ISC) today released its February 2021 Report and presentation slides on the situation of piracy and sea robbery in Asia. In February 2021, three incidents of armed robbery against ships were reported in As

On March 8, Singaporean shipowner Petredec Holdings (Eastern) announced an additional order for three 93,000 m3 dual-fuel VLGCs. The new ships are expected to be delivered in June, August and September 2023. Petredec has ordered 3+3 93000 m

COSCO SHIPPING Heavy Industry (zhoushan) Co., Ltd has appointed energy and marine engineering consultancy AqualisBraemar to perform DP and BLS system FMEA on a shuttle tanker the Chinese shipyard is building for Norwegian shipowner Knutsen

On 9 March 2021, Singapore ratified the Convention on the International Organization for Marine Aids to Navigation. It is the first country to do so shortly after it signed the Convention on 1 March 2021. Ratifying the Convention will suppo

Leaders of the Round Table of International Shipping Associations - BIMCO, INTERCARGO, International Chamber of Shipping and INTERTANKO - met virtually last week to debate key issues facing the maritime industry today. At the meeting, the a

Vestdavit keeps design and delivery on track with unique boat-handling system supplied for cable-layer Nexans Aurora at Norwegian yard Newbuild cable-laying vessel Nexans Aurora will be making waves in more ways than one when it hits the wa

The Port of Gdansk has overtaken Russias Port of Primorsk to become the third-busiest port for cargo shipments in the Baltic Sea. Figures show the port handled a total of 4.6 million tons of cargo in January 2021, up 8.8 per cent year-on-ye

On March 8, COSCO SHIPPING Holdings released its annual performance bulletin for 2020. In 2020, the company achieved a total revenue of 171.258 billion yuan, with a year-on-year growth of 13.37%; Net profit attributable to shareholders of t

The COVID-19 pandemic had caused enormous impact on Tokyo MOU activities in various aspects, including a notable decrease of the number of inspections due to restrictions of ship-shore interaction. Recognizing the necessity and importance o

StormGeo , the leader in weather intelligence, ship routing and fleet performance management solutions, announced today the launch of Strategic Power Routinga service that optimizes the power output of a vessel in varying weather conditions