On December 1, Capital Ship Management, a subsidiary of Greek shipowner Evangelos Marinakis, ordered two 115,800 dwt LR2 product tankers in New Times Shipbuilding. According to Clarksons data, the new ship is planned to be delivered and ope

On December4, China Merchants Energy Shipping(CMES) signed2+49,000 CEU Methanol dual-fuelPCTC construction letter of intent (LOI) with China Merchants IndustryHoldings. The LOI includes a total contract price is not more than $597 million,

OrbitMI chief executive Ali Riaz has been named in the Lloyds List Top 100 People in Shipping for 2022 in recognition of the US technology players role in advancing digital transformation through innovation and data-sharing to realise susta

A ballast water treatment system (BWTS) retrofit is not plain sailing. And proper planning with a trusted and reliable supplier onboard is essential to navigate technical, logistical and regulatory hurdles to achieve compliance, says Optima

At 7a.m. local time on November 29th in Guinea, Jinghaixing, a charetered vessel of Yick Fung Shipping affiliated to COSCO SHIPPING BULK, was anchored off the coast of Boffa, waiting for operation arrangements. When the captain was inspecti

Capesize The Capesize market was in a one step forward, two steps back mode this week. The average of the 5 time charter routes eventually settled at $12,598, a decline of $775 week-on-week. Despite tightness in both basins, especially for

The Clock is Ticking In just a couple of daysfrom now, the EU ban on imports of Russian crude will come into effect. Still, huge uncertainty remains about the impact of sanctions and the price cap itself. The cap is designed to give additio

Civil society groups call for an urgent adoption of short-term emission reduction targets for global shipping at the UN, ahead of crucial talks in December. Getting shipping on track to avoid exceeding the 1.5C climate-heating limit require

Lubricants and greases are essential for machinery to work smoothly. They increase performance and prevent corrosion , which is especially important on seaborne vessels that travel across the ocean. Parts of these well-oiled machines make c

The Government of Turkey issued a notice dated 16.11.2022 which requires all ships transiting or entering Turkish waters from 1 December 2022 (extended to 2 December 2022), to provide letters of confirmation from the owners PI Club attestin

EU institutions have reached a preliminary agreement on how to extend its Emissions Trading System to cover shipping after months of trilogue negotiations, the European Parliament said this past week. The regulatory development means ship o

On November 30, HainanYangpuYushengShippings YUSHENG788, due to bad weather, sank and 13 crews overboardnear the Fujian Provincewater. All 13 crews were safely rescued. Afterone hour, YONG DA99 arrived in the area and found the life raft of

Hamburg, Germany, 02 December 2022. Classification society DNV has awarded Container shipping line Hapag-Lloyd the DNV Excellence 5 Star Award for its use of international management systems to enhance its quality, safety, and environmental

Shell Petroleum NV, a wholly owned subsidiary of Shell plc (Shell), has reached an agreement with Davidson Kempner Capital Management LP, Pioneer Point Partners and Sampension to acquire 100% shareholding of Nature Energy Biogas A/S (Nature

Accelleron havelaunched an all-inclusive service agreement for auxiliary engine turbochargers that streamlines maintenance procedures and eliminates unexpected costs. Turbo AuxiliaryCare provides ship owners and ship managers with peace of