On 29 September 2023, a vessel was boarded by thieves whilst at anchor in Callao, Peru. The perpetrators tied up the duty crew and shore watchmen on routine rounds and held them at knifepoint, before escaping with the ships stores, reports

Members and Assureds who have vessels bound for Chinese ports or transiting through coastal waters of China should note the China MSAs new Guidelines for the Prevention of Collisions between Merchant Vessels and Fishing Vessels (the Guideli

China received the most newshipbuilding orders in the world in September, raking in more than 82 percent of the global share, Yonhap News Agency reported on Friday. South Korea secured about 6.5 percent of the share, ranking it second aroun

Dollar Strength As the oil market contends with growing supply tightness until at least the end of 2023, macroeconomic headwinds are also at play. Central bank monetary policy is weighing on the oil demand outlook, with the US Federal Reser

Clarification on vessel OOCL SHANGHAI incident We have been aware of some recent media reports of a fire incident on vessel OOCL SHANGHAI, OOCL would like to clarify as follows: On October 1st 2023, the vessel OOCL SHANGHAI encountered auxi

Seacon Shipping Group has recently acquired two new ships, an 85,000 DWT bulk carrier and a 13,500 DWT multi-purpose vessel, which were built in China and Japan respectively. Both vessels will be managed by Seacon Shipmanagement Pte Ltd, a

On September 27, Shanghai Waigaoqiao Shipbuilding, a subsidiary ofCSSC, and China ShipbuildingTradingofficially signed a construction contract for eight 9,200TEU methanol dual-fuel medium-sized container ships with a well-known European lin

North Chinas largest container vessel with a capacity of over 16,520 TEU (twenty-foot equivalent units) was delivered in Tianjin Municipality on Wednesday, filling the gap in the construction of large-scale vessels in the region. The massiv

Paris September 26th, 2023.GTT announces that it has received an order from its partnerJiangnan Shipyard (Group) Co., Ltd. for the tank design of two new Liquefied Natural Gas Carriers, on behalf of Shandong Marine Energy (Singapore) Pte. L

2023 bears witness as the maritime industry attempts to return to normalcy and hasten towards achieving its Sustainable Development Goals (SDG). The theme for this years World Maritime Day is MARPOL at 50 Our commitment goes on. It reflects

Hong Kongs Secretary for Transport and Logistics, Lam Sai-hung, continued his visit to Beijing yesterday (September 26) to attend the Global Sustainable Transport Forum (2023), where he shared with other participants Hong Kongs development

DOHA, Qatar 27 September 2023 QatarEnergy signed an agreement with Koreas HD Hyundai Heavy Industries (HHI) for the construction of 17 ultra-modern LNG carriers. The deal, valued at 14.2 billion Qatari Riyals, marks the start of the second

The Port of Piraeus has achieved overwhelming development over the past 10-plus years thanks to improved management following its acquisition by Chineseshipping firm COSCO. Vasilios Michail, a dockworker at the port, has experienced its ups

As the global shipping industry today celebrates World Maritime Day with its central theme of MARPOL at 50, the International Association of Dry Cargo Shipowners (INTERCARGO) has stressed its commitment to the full implementation of MARPOL

OnSeptember 18, SUMECMarine and AVIC InternationalLeasingsigned a new construction contract for four CROWN63PLUSbulk carriers. The CRWON633.0 shiptype has been re-optimized through cooperation with international professional companies. The