The operation of a ship is a result of the excellent teamwork of deck and engine department. One cannot run the ship with only engineers on board or for that matter with only deck officers. While the engine department ensures the safe runni

Asian spot prices for liquefied natural gas (LNG) rose to a three-week high this week ahead of winter demand, while tanker rates nearly doubled on limited availability of vessels. Spot prices for November-delivery to Northeast Asia LNG-AS a

Oil prices rose sharply on Friday, as investors closely watched the latest development of the two explosions that hit Iranian oil tanker in Red Sea, which spurred fears over disruption in crude production in the region. The West Texas Inter

The Liberian Registry has established a full-service office in Imabari, Japan, as part of the continued expansion of its presence in Asia. Liberia has been building up its network of full-service offices and representatives in Asia due to t

1.China was the No. 1 nation by securing 740,000 CGTs in orders to build 30 vessels, or 65 percent of total global orders. Japan took third place with orders totaling 80,000 CGTs for five ships. 2.An Iranian oil tanker stricken by explosion

Chinas polar icebreaker Xuelong 2 has made all-round preparations for its first Antarctic expedition to begin on Oct. 15 in close cooperation with Xuelong 1 to better fulfill research missions. In the extremely cold polar areas, human bodie

South Korea was relegated to the second spot in global shipbuilding orders last month for the first time since April, industry data showed Thursday. In September, local shipyards won orders totaling 320,000 compensated gross tons (CGTs) to

The Ningbo Zhoushan Port has grown from a wharf to one of the worlds busiest ports during 70 years. Now, it is speeding up to build itself into a strong port in the world, with the development of the Belt and Road Initiative, the Yangtze Ri

The imminent arrival in Hong Kong of a floating storage and regasification unit with the ability to supply liquefied natural gas to bunkering vessels does not appear to have created many waves or enthusiasm for its potential. The FSRU is a

The Hong Kong Maritime Arbitration Group has chosen eight founding full members and appointed its new five-member committee. The eight founding full members are maritime arbitrators including four arbitrators from the shipping industry and

An Iranian oil tanker stricken by explosions was likely hit by two rockets in a terrorist act as it sailed through the Red Sea, Tehran claims The blasts sparked an oil spill and fire on board the heavily-damaged ship belonging to the Nation

Lets agree to disagree here but recycling ships are an inevitable part of the shipping industry. It directly facilitates in maintaining the favorable supply-demand balance of the tonnages and provides a solution for the shipowners to get a

BIMCO has developed a monitoring service for bunker prices, with data provided by MABUX, which is now available to all BIMCO members. The new interactive graphs allow price fluctuations in the major bunkering hubs of Singapore and Rotterdam

Chinas iron ore futures finished higher on Thursday. The most active contract for January 2020 delivery finished the day session up 1.08 percent to 657.5 yuan per ton. China has opened the domestically-traded iron ore futures to foreign inv

Japanese shipping company Nippon Yusen Kaisha (NYK) has taken delivery of the very large crude oil carrier (VLCC) Tanzawa, the first new NYK-owned vessel to include an SOx scrubber. The vessel was handed over on October 3 during a naming an