DNV, the worlds leading classification society, granted an Approval in Principle (AiP) to Hyundai Mipo Dockyard (HMD) for a new design of intra-Europe 1,900 TEU feeder container ships. Young Jun Nam, CTO Executive Vice President at HMD, and

IMO-Norway project is supporting States to implement energy efficiency measures and explore opportunities for low carbon shipping. Eleven States from across the globe are partnering in the International Maritime Organization (IMO)-Norway Gr

Chinese piped-gas operator China Gas has formed an LNG and LPG and hydrogen pact with its compatriot China Petrochemical Corporation (Sinopec). The strategic cooperation agreement will enable both parties to engage in all-round cooperation

The market looked forward to resuming work, and most freight rates fell Ningbo Containerized Freight Index: In the week ending Mar-5, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 2152.9 points,

Digitalisation has taken on a new urgency in the light of the COVID-19 pandemic, in particular when it comes to digital data exchange in ports, and for facilitating trade and logistics in general. BIMCO and other maritime NGOs are inviting

Short Term Pain Yesterdays news that OPEC+ would keep production unchanged for April was not exactly what the tanker market wanted or needed. Undoubtedly this move will create more short-term pain for the sector with very little change in c

Forward freight agreement (FFA) trades for a basket of 38,000-dwt handysize time charter rates will help operators take longer-term cover with less risk, says leading shipbroker Simpson Spence Young . Following an ever-strengthening charter

On the afternoon of March 5th, China Merchants Jinling Shipyard (Nanjing) and Shanghai Changjiang Shipping Co., Ltd. held a signing ceremony for the construction of four 59,000 dwt bulk carriers. This time they are cooperating to build 4 59

The fourth session of the 13th National Peoples Congress opensin Beijingon March 5, 2021.Premier Li Keqiang said in the Government Work Report that port construction fees should be cancelled. In view of this years key work, Premier Li Keqia

ReCAAP Information Sharing Centre today issued a Warning based on information from the Philippine Coast Guard (ReCAAP Focal Point) about an incident involving a bulk carrier, Akij Pearl off Sibutu Island, Tawi-Tawi, Philippines on 3 March 2

On March 4, Shenzhen Gasannounced that it plans to increase its capital by no more than US $140.27 million to its wholly-owned subsidiaryShenzhen Gas (Hong Kong) International Co., Ltd, which will set up a holding company in Hong Kong to pu

Malaysian company MISCs very large ethane carrier (VLEC) Seri Everest completed its maiden cargo discharge at Lianyungang port, Jiangsu province, China. The vessels first cargo of more than 51,000 metric tonnes of ethane was discharged on 2

Torqeedo and Poseidon cooperatively announced a fully electric, steerable thruster system designed to provide up to 65 kW of emission-free power and directional thrust ideal for manoeuvring on Europes inland waterways. Poseidons thruster is

It has been more than a decade since BIMCOs TOWCON and TOWHIRE for ocean towage services and BARGEHIRE for bareboat chartering unmanned barges were last revised. The drafting teams tasked with the revisions have updated the forms to incorpo

Global shipping CO2 emissions decreased 1% last year as the Coronavirus pandemic curtailed 2020 shipping activity, according to maritime data provider Marine Benchmark. CO2 emissions among the Big-3 - Tankers, Bulkers and Containers - actua