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

During this years annual International Union of Marine Insurance (IUMI) conference, initial findings from IUMIs major claims database were made available for the first time. Following three years of development, the database is now sufficie

Although global hull premiums reported at the International Union of Marine Insurance (IUMI) conference this week were stable, Rama Chandran, Chair of the IUMI Ocean Hull Committee was more upbeat. He said: Yesterday, our Facts Figures Comm

The CMA CGM Brazil is the largest container ship to ever dock on the U.S. East Coast. This landmark record further reaffirms our commitment to the United States. The CMA CGM Group is a long-term partner of the U.S. and a major contributor t

Adnan Ezzarhouni, GTT China, and Fabien PESQUET, GTT France, outline the use of membrane full containment technology for LNG onshore tanks. lng_industry_rt_september2020-2 Source:GTT The opinions expressed herein are the authors and not nec

Chengxi Shipyard has drawn wide attention once again for having successfully launched a 21,500DWT self-unloading vessel on September 8, 2020. The new vessel is built for Oldendorff, the old friend and strategic partner of Chengxi. Both stro

BoxPlus, a global leader in container tracking and internet solutions, has announced that it will partner with SEACO, a global leader in refrigerated containers, to provide OOCL with internet-based reefer container leasing services. By inst

On September 15, the LNG-FSRU project converted by Shanghai Huarun Dadong Dockyard for GoIar LNG of Norway was signed and delivered. This project is undertaken by the shareholder Hudong Zhonghua. HRDD is responsible for the implementation o

Chinas first integrated offshore viscous oil thermal production and development demonstration platform was put into operation on Tuesday, according to its operator, China National Offshore Oil Corporation. The companys Lvda 21-2 platform wa

Introduction In 2019, there were numerous discussions in the marine industry over how the transition to 0.5% fuels would pan out, with concerns about a wide variety of issues. Which predictions were right? To address this question, Gard hel

The agreement will see Wilhelmsen initially acquire 25% of stensj Groupsexpandingoffshore wind company.Wilhelmsen has also secured an option to buy another 25% before June 2021. Launched in 2018, Edda Wind owns and operates service vessels

The Korean Register (KR) has announced the establishment of a new LNG Fueled and Bunkering Simulation Center (KR LSC). The new facility is located at KRs headquarters in Busan and officially opened on 15 September. Following the opening cer

The International Union of Marine Insurance presented its analysis of the latest marine insurance market trends during its annual conference which this year is being held online. Marine underwriting premiums for 2019 were estimated to be US