Swiss marine power company WinGD has become the first marine engine designer to gain cybersecurity type approval for its engine control system, ahead of mandatory regulations due to enter force in 2024. Classification society DNV has grante

JAKARTA, Nov 30, 2022 - (ACN Newswire) - PT Wintermar Offshore Marine Tbk (WINS:JK), has acquired 2 units of 7000BHP Anchor Handling Tug Supply (AHTS), to be named SMS Sonnet and SMS Stanza. The two AHTS will be delivered by December 2022,

On November 29, ShellPenguins FPSO, the first cylindrical FPSO contracted byCNOOC Offshore Oil Engineering, was completed and delivered in Qingdao, which is the largest and most intelligent cylindrical FPSO in China. Penguins FPSOconsists o

On November 24, the opening ceremony of the Shenzhen branch of DNV Certification Chinawas held at the China Marine Economy Expo 2022. DNVisthe worlds leading classification society and a recognized advisor for themaritime industry. Its main

A.P. Moller - Maersk (Maersk) and IBM today announced the decision to withdraw the TradeLens offerings and discontinue the platform. TradeLens was founded on the bold vision to make a leap in global supply chain digitization as an open and

The UN Conference on Trade and Development (UNCTAD) in its flagship Review of Maritime Transport 2022 has called for increased investment in maritime supply chains. Ports, shipping fleets and hinterland connections need to be better prepare

Technology has advanced to such a degree that we can often rely more on automated systems than fellow humans to ensure a plane remains in the air. But certain situations require hyper-concentration by those responsible for operations. This

As the latest EU sanctions on Russian oil are coming into force in early December, we take a look at how the nearing sanctions are impacting values and trade within the Tanker and LNG markets. From the 5thof December, sanctions and price ca

With businesses around the world facing unprecedented pressure from the cost of energy and the urgency of climate change, a new report from the Energy Efficiency Movement shows that improving industrial energy efficiency is the fastest and

Tsakos Energy Navigation celebrating 30 years as a public company, is named as lead sponsor of the LISW23 Headline Conference. The Plenary Hall of the International Maritime Organization (IMO) will once again host the LISW23 Headline Confer

Highlights A rebound in the dirty tanker trade has led the Baltic Exchange Dirty Index (BDTI) to increase by 64% since our last report from mid-September. The clean tanker trade has seen the Baltic Exchange Clean Index (BCTI) increase by 21

INTERCARGOs semi-annual and Annual General meetings took place in Singapore last week for the first time since 2018. Members joined together both virtually and in person to review the Associations achievements to date and to determine polic

On November 28, Ningbo Ocean Shippingbegan an IPO application on the main board of the Shanghai Stock Exchange. After raising funds through the issuance of new shares, Ningbo Ocean Shipping will focus on its main business and invest in cont

The technology group Wrtsil has entered into a joint development agreement with Hycamite TCD Technologies, a privately-owned Finnish company specialising in the development of a pioneering technology for producing clean hydrogen and solid c

INTERIM DIVIDEND The Board has resolved not to recommend the payment of any interim dividend for the quarter ended 30 September 2022. REVIEW OF OPERATIONS Third Quarter of 2022. Dry bulk shipping market enjoyed a strong first half backed by