US-based agricultural trader Cargill has ramped up a bio-bunkering program for its own shipping fleet and other shipowners as part of initial decarbonization efforts amid the industry switch to a multi-fuel, low-emission future, its top mar

August 08, 2023. Orient Overseas Container Line Ltd. to further strengthen the companys fleet structure by introducing one more 24,188 TEU mega vessel. The brand new container vessel is named OOCL Felixstowe today at the Dalian COSCO KHI Sh

Chinas appetite for crude oil has been the major driver for global demand this year, outstripping volumes in 2022, with an average monthly year-on-year increase of 24%. Domestic crude demand has risen, but we expect to see an increase in cl

Great White Fleet, a company under Chiquita Brands , has increased its investment in Carrier Transicold PrimeLINE container refrigeration units. The ocean carrier added 800 PrimeLINE units to transport bananas on routes from Central America

08August 2023 (LONDON)The Oil Companies International Marine Forum (OCIMF) has successfully completed the first phase of the four-phased roll-out and testing of the digitalised tanker inspection regime, SIRE 2.0, which will replace all exis

ITICs, International Transport Intermediaries Club, financial results announcement revealed a substantial surplus in 2022/23. Now in its 31st year, ITIC, and its mutual reinsurer TIMIA, returned a US$ 8.1m surplus for the year to 31st May 2

[Photo: RINA] Genova/Milan, 4 August 2023 Registro Italiano Navale, Fondo Italiano dInvestimento and RINA S.p.A have announced a new agreement aimed to allow the Italian fund to become a shareholder in RINA S.p.A., a multinational company b

Singapore, 8 August 2023 The Global Centre for Maritime Decarbonisation (GCMD) and Mitsui O.S.K. Lines, Ltd. (MOL) announced today the signing of a five-year Impact Partnership agreement. On the same day, both parties held a signing ceremon

8 August 2023, London: The Association of Panamanian Shipowners (ARPA) has become an associate member of the International Chamber of Shipping (ICS). Launched in 2020, ARPA was created by shipowners and operators of vessels to strengthen Pa

[Photo:DSIC Shanhaiguan Shipbuilding Industry] Recently, the No. 27 ship GOLDEN JOHN, an 85,000dwt ice-areabulk carrierbuilt by DSIC Shanhaiguan Shipbuilding Industry for GOLDEN OCEAN GROUP LIMITED, was delivered. The ship has a total lengt

SAN RAMON, Calif., Aug. 7, 2023 Chevron Corporation announced that its acquisition of PDC Energy, Inc. has been completed following approval by PDC Energy shareholders. Were pleased to welcome PDC Energy into Chevron, said Bruce Niemeyer, C

Transportation demand recovered slowly, freight rates on European route rose and then fell Ningbo Containerized Freight Index: In the week ending Aug-4, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quo

A number of Chineseshipyards are adopting measures to improve the design of green energy-poweredships, in order to reduce greenhouse gas emissions fromships and promote the protection of maritime environment. Someshipyards are shifting thei

Capesize The cape market had a sluggish start to the week but gradually exhibited signs of improvement and positivity as the week progressed. The anticipated momentum in the Pacific fizzled out by the middle of the week despite the presence

Taipei, Jul. 31, 2023 Aiming to further enhance service quality and gain a stronger foothold in the Indian sub-continent, Wan Hai Lines has established its India new office in Kolkata on 17 July 2023. Contact details for the new office are