VIDA establishes a new framework for the regulation of vessel incidental discharges. The wide implications of this new law are still under assessment but the crucial provisions of VIDA may be summarised as follows: It provides for the estab

Natural gas transactions in the Shanghai Petroleum and Natural Gas Exchange (SHPGX) reached a record high last year in part due to Chinas huge demand for clean energy. The volume of natural gas traded in the exchange amounted to 60.46 billi

China has achieved real-time transmission of deep-sea data at 6,000-meter depth through Beidou satellites for the first time, according to the Institute of Oceanology under the Chinese Academy of Sciences. It is one of the breakthroughs Chi

Emission limits and complete decarbonization in the near future will change ship operation dramatically. No alternative to the combustion principle that generates thrust to propel a large ship leaves less room for renewable fuels. Choosing

The dry bulk market has been reeling under the pressure exerted on freight rates by the lull in the Chinese market. In its latest weekly report, shipbroker Intermodal noted that as the market is already going through the first days of the C

1.TS LINES has joined with the Yang Ming Marine Transport Corp, Gold Star Line and CNC of APL to offer China Malaysia service (TS Lines calls it CM3) starting February 23 from Qingdao with each carrier deploying a 4,250-TEU vessel. 2.Chines

A sub-committee under the International Maritime Organization (IMO) have forwarded three documents for adoption in June, moving one step closer to the adoption of a standardised system for electronic navigation. This years Navigation, Commu

Resulting entity would control about 20 pct of global market; Daewoo shares rally 22 pct; Hyundai Heavy shares fall. Hyundai Heavy Industries, the worlds biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1

Chinas research icebreaker Xuelong, or Snow Dragon, is expected to return from the Antarctic to Shanghai in mid-March, a month ahead of schedule. The return will come after a four-and-a-half-month expedition, according to the Chinese Arctic

Chinese research vessel Kexue concluded a 74-day-long scientific exploration in the Western Pacific Ocean, the longest voyage in its history. The ship docked in the city of Qingdao in east Chinas Shandong Province on Thursday after completi

In late 2018, the signatories to the Paris Agreement on Climate Change adopted the guidelines for its implementation. International shipping can play a significant part in the transition towards a more sustainable economy. This involves mor

Liquefied natural gas (LNG) shipping is set to turn in future into a liquid market in a manner similar to the oil shipping sector. Currently, the comparatively higher cost of LNG is prohibiting the mainstream switch to the cleaner fuel ahea

In readiness to comply with the International Maritime Organisations upcoming 0.5 per cent sulphur cap in marine fuel, large shipowners are said to be holding regular talks with large refiners to have first dibs on fuel types and availabili

Chinas crude oil futures closed higher on Thursday. The most active contract for March 2019 delivery was up 1.56 percent to 431.6 yuan per barrel, data from the Shanghai International Energy Exchange (INE) showed. China launched its first y

1.The Chinese Ministry launched a maritime rescue center in Yongshu reef of the Nansha Islands on January 29, aiming to enhance the protection of navigation and transport safety in the South China Sea. 2.Hong Kong authorities aim to fight a