On November 11, CSSC announced that itsholding subsidiaryGuangzhou Shipyard International intends to sign thesecond and thirdcompensationagreement for the Liwan Factory Plot ofGSI withGuangchuanShipbuildingandGuangchuan Shipbuilding Industr

From left: Director of Chevron New Energies International, Pte. Ltd., Andrew S. Mingst; CEO of Pertamina NRE, Dannif Danusaputro; Director of Keppel New Energy Pte., Ltd., Chua Yong Hwee. BALI, Indonesia November 11, 2022- Pertamina Power I

Conditions onboard are improving and a greater focus on seafarer wellbeing has delivered results, but the industry should not turn back the clock as the Covid crisis has receded, writes Capt Yves Vandenborn, FNI, Director of Loss Prevention

Fair Value? VLCC earnings have been remarkably strong over the past few months despite the prospect of OPEC+ production cuts which are largely focused on the Middle East. With cuts planned, next year will also coincide with increases in reg

Hamburg, Germany, XX November 2022. Classification society DNV has released an update to its Wind Assisted Propulsion Systems (WAPS) technical standard (ST-0511). The major update introduces new methods for evaluating WAPS fatigue strength,

Swedens Furetank and Canadas Algoma Central are expanding the fleet of their joint venture, FureBear, and will place an order for two more chemical tankers in China Merchants Jinling Shipyard in Yangzhou, China., which is expected to be del

In response to media queries, the Maritime and Port Authority of Singapore (MPA) said that it was informed by the Indonesian authorities that the tanker, YOUNG YONG, has been successfully refloated on 10 November 2022 and is now anchored at

Leading global mutual protection indemnity (PI) insurer Standard Club has laid out its vision to support its members sustainability goals with the launch of its first sustainability impact paper. The London based insurer released the report

Various types of marine equipment, especially intelligent unmanned high-speed vessels, which are playing an important role in safeguarding the countrys maritime security and scientific research, are one of the highlights of this years Airsh

Yang Ming Marine Transport Corporation (Yang Ming) held its 379th Board Meeting on November 10th, 2022 to approve its 2022 Q3 financial report. The Companys consolidated revenues in Q3 totaled NTD 99.81 billion (USD 3.41 billion). Yang Ming

Hapag-Lloyd has concluded the first nine months of 2022 with an EBITDA of USD 16.6 billion (EUR 15.6 billion) and an EBIT of USD 15.1 billion (EUR 14.2 billion). At the same time, the Group profit climbed to USD 14.7 billion (EUR 13.8 billi

BIMCO has joined the Blue Visby Consortium to support research into practical solutions that help reduce the industrys greenhouse gas (GHG) emissions. The Blue Visby Consortium works to reduce greenhouse gas emissions from ships by about 15

Barcelona, November 10th, 2022.bound4blue and MMSL PTE. LTD., a wholly owned subsidiary of Marubeni Corporation based in Singapore, have signed an agreement to install in 2023/24 four suction sails on the Crimson Kingdom, being the first wi

As many African countries transition to develop indigenous industrial and agricultural production sectors, demand is growing for a dedicated shipping company to provide a full range of maritime and logistics services for the mining, agricul

Forum Introduction Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, it would thoroughly implement the strategic deployment of CPCCentral Committee and the State Council on building China into a strong ma