Copenhagen:A.P. Moller - Maersk (Maersk) delivered strong results in Q3 2022 with higher earnings in its three main businesses; Ocean, Logistics Services and Terminals, compared to the same quarter last year. Revenue increased by 37%, and b

Recently, a50,000DWTammonia fueled medium range oil/chemical tanker (MR) developed and designed by Shanghai Merchant ShipDesignand Research Institute of CSSC obtainedthe AIP Certificate issued by RINA. This is another new type of clean ener

TS Group and LC Logistics, respective holding entities for Taiwanese liner operators TS Lines and BAL Container Line, are going ahead with attempts to raise funds from the capital markets. Both groups have applied for an IPO on the Hong Kon

Orient Overseas Container Line Ltd. announced a newbuilding order of seven methanol-compatible 24,000TEU container vessels with expected delivery starting from the third quarter of 2026. The green fuel technologies to be applied on these ne

A leading architect of advances in maritime connectivity, GTMaritime CEO, Robert Kenworthy says shipping has security and bandwidth obstacles to overcome to get past its digital infancy. Digitalisation is changing the way vessels communicat

A search for 12 missing crew members was continuing yesterday after their cement carrier was reported sunk on Monday (31 October). Navigating with 17 Indonesian seafarers, the 10,000 dwt, Panama-flagged Xing Shun No 1, lost power 14 miles o

The Office of Investigations and Casualty Analysis has released Safety Alert 11-22 regarding an incident involving weaknesses within Dynamic Positioning Systems. Dynamic positioning (DP) systems1meeting equipment class 2 (DP2) and equipment

1stNovember 2022, Dubai, UAE:The seventh annual The Maritime Standard Tanker Conference takes place on 16th November at the Atlantis, the Palm, Dubai. A high quality, topical and thought-provoking program has been put together that reflects

Guy Platten, Secretary General of the International Chamber of Shipping, commented: The Black Sea Grain Initiative has been a global success since it was first brokered, ensuring the timely movement of food to where it is sorely needed. We

Two load-bearing pillars of Norways leading maritime industry cluster in Sunmre on the countrys west coast offshore energy and the fast-developing expedition cruise sector took severe knocks from plunging energy prices in the 2010s followed

Alfa Laval has signed an agreement to deliver compact heat exchangers to the worlds largest green hydrogen plant, which is to be constructed in the Middle East. The facility, powered by renewable energy, will be part of the city of Neom, bu

(COPENHAGEN)ABS has issued New Technology Qualification (NTQ) for a first-of-its-kind, pre-combustion carbon capture system based on the thermocatalytic decomposition process (TCD) from Rotoboost, a global hydrogen company based in Norway.

October 31, 2022 Oslo, Norway With dramatic spot rate falls, a non-existent peak season, and easing port congestion freeing up capacity, the scene was set in October for a significant decline in long-term ocean freight rates. However, the l

Industry-leading classification society will be responsible for newbuilding supervision and classification of Northern Xplorer (NX)s inaugural vessel scheduled for delivery by 2026, as well as collaborating with Norwegian flag and technolog

Capesize The Capesize market needs a large cargo injection to rally rates in the run-up to the end of the year. Activity levels showed small pockets of strength yet fixing values have continued to decline throughout the week. The Capesize 5