India is in a unique position. The country will witness the largest increase in energy demand in the world over the next 20 years, with the potential for oil consumption to rise from 4 million b/d currently to 8.7 million b/d by 2040 accord

WanHaiLines approved the purchase of 9 13,000 TEU container ships with a total value of up to $1.035 billion. The new ships are expected to be delivered in 2023. It has not yet been confirmed which shipyard willbuild the new ship. This batc

China to pursue high-standard opening-up, improved performance in foreign trade and investment amid ongoing pandemic Countless containers await loading at the cargo terminal of Shekou Port in Shenzhen, Guangdong province, amid sustained glo

Despite low freight rates, very few crude oil tankers have been sent for demolition so far this year. The year 2021 has been tough on crude oil tanker freight rates across the board so far. Consequently, the industry buzz has been all about

Shell hits milestone in fleet decarbonisation with half of long-term chartered crude tankers to run on LNG in 2023 Shell signed agreements to charter ten new crude tankers powered by dual-fuel liquefied natural gas (LNG) engines. Four of th

The Baltic Exchanges main sea freight index drifted lower on Thursday, having gained in the last seven sessions to hit a high since October, as rates eased for the capesize and panamax vessel segments. The Baltic dry index, which tracks rat

ABS has published an industry-leading report evaluating the U.S. offshore wind industrys readiness to deliver the 40 gigawattsof offshore wind capacity the International Energy Agency estimates will be installed by 2040. Offshore Wind Repor

On March 10, Shanghai Waigaoqiao Shipbuilding, a subsidiary of China State Shipbuilding Corporation, signed and delivered the first ship FRONT FUSION of the 109,000 dwt tanker series built for Norways Frontline. FRONT FUSION is independentl

Qatar Petroleum has signed a multi-party deal with a number of LNG players to develop new medium and large liquefied natural gas carrier designs. The company said on Wednesday it has formed ties with LNT Marine, the American Bureau of Shipp

A Chinese-flagged fishing vessel with 16 crew members carrying 130 tonnes of oil has run aground off Mauritius, causing a minor spill, a minister said on Monday. Nothing to be worried about, Sudheer Maudhoo, whose Blue Economy Ministry look

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