Four new 98,000 cbm Very Large Ethane Carriers (VLECs) ordered by Zhejiang Satellite Petrochemical (STL) are to be built to ABS Class. These ethane-fueled VLECs are part of a Phase-2 order from STL and construction will be equally split bet

Chinas benchmark power coal price rose slightly during the past week. The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north Chinas major ports, stood at 547 yuan (about 81 U.S. dollars) per tonne Wednesday, a rise of

The Baltic Exchanges main sea freight index rose on Thursday, buoyed by stronger rates across vessel segments. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and sup

At the Future of Shipping: Decarbonisation webinar jointly organised by the International Maritime Organization (IMO) and Singapore today, leaders from maritime administrations and industry came together to share insights on decarbonisation

The International Transport Workers Federation (ITF) and the International Maritime Employers Council (IMEC) have jointly contributed US$500,000 to the Singapore Shipping Tripartite Alliance Resilience (SG-STAR) Fund to support countries th

Global,sector-focused law firm HFW has signed a pledge committing it to help improve diversity and inclusion within the yacht industry. By signing the She of the Sea pledge,HFW has committed to four resolutions: 1) To monitor and report div

At todays session of the IUMI (International Union of Marine Insurance) annual conference, delegates heard that the offshore energy sector was continuing to suffer from a depressed oil price. Reduced demand for oil as a result of COVID-19 h

On September 16, the third bulk carrier N938 with 81,200 DWT built by COSCO SHIPPING Heavy Industry (Yangzhou) for ICBC Leasing/Shandong Shipping was named in Yangzhou. The Ship N938 has been named CANOLA ZIBO. The 81,000-ton bulk carrier h

Achieving net zero emissions by mid-century would cost an estimated $1 trillion-$2 trillion a year of additional investments, or 1-1.5% of global gross domestic product, a report by the Energy Transitions Commission (ETC) said on Wednesday.

In the competition from six Chinese shipyards, Waigaoqiao Shipbuilding is expected to win orders for 10 dual-fuel capsize vessels with a total value of nearly US $650 million. Anglo American will order 4+6 LNG-powered capesize bulk carriers

Zhoushan Port in East Chinas Zhejiang province supplied 2.81 million metric tons of bonded oil in the first eight months of this year, a year-on-year increase of 13.4 percent, local media reported. The strong performance can be mainly attri

Chairmans Statement I am pleased to report that, amid some of the most challenging economic and operating circumstances in living memory, Orient Overseas (International) Limited (OOIL) and its subsidiaries (the Group) achieved a profit attr

ABB is to install its state-of-the-art engine diagnostics software ABB Ability Tekomar XPERT on 12 bulk carriers operated by Shanghai Ming Wah Shipping Co (Shang Ming Wah). The fleetwide deployment follows a trial on two ships which started

The Baltic Exchanges main sea freight index fell on Wednesday, pressured by a dip in capesize vessel rates. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supram

BIMCO is developing a standard refund guarantee for shipbuilding contracts, including the SAJ and Chinese forms. The current issue is that English law and jurisprudence on guarantees is contradictory, complex and often very difficult to und