ABS has launched detailed requirements for greener offshore operations in the first sustainability guide to target the offshore industry. Developed by working with major offshore industry clients, ABS today launches a revised sustainability

The Maritime and Port Authority of Singapore (MPA) held its annual ferry rescue exercise (FEREX) today, in conjunction with the annual International Safety at Sea conference held from 30 August to 2 September 2022, to test Singapores operat

Waste-based biofuels could be a key driver of the energy transition transforming todays limited supply of low-carbon transportation fuels and creating a local, circular economy, according to a new report by research and consultancy group Wo

China MerchantsEnergy Shippings 26 very large ore carriers(VLOCs) took the lead in obtaining SEEMP-IIIapproval from China Classification Society. On August 26, 2022, China Classification Society (CCS) issuedcertificates of compliance for 26

Leading classification society Indian Register of Shipping (IRS) hosted a stakeholder meet on research and development activities at its Mumbai head office, as part of efforts to strengthen initiatives in this field. The meet was well atten

Capesize The Capesize market is going through a rough period as trading pushed valuations into untenable sub-operating expense territory over the week. The Capesize 5TC dropped -$2,854 week on week to finish at $3,413. With rates so low and

Recently, the methanol dual fueled Newcastlemax bulk carrier, jointly developed by China State Shipbuilding Corporation Qingdao Beihai Shipbuilding and China Ship Design Research Center has been approved in AIP certification by ABS. The New

Will Handies be Handy? In recent months all clean tanker segments have enjoyed very healthy rates and earnings, which have been essentially driven by evolving trade flows due to sanctions on Russia. Yet, the star performer has undoubtedly b

26 August 2022: Glass flake polyester (GFP) coatings offer more than 30 years maintenance-free corrosion protection at the splash zone for offshore assets, according to a new independent report from classification society DNV. The study sho

Today,theCMACGMGroup,aglobalplayerinsea,land,airandlogisticssolutions,inpartnershipwith Infinity Logistics and Transport Ventures Limited (Infinity), flagged-off a weekly Penang-Padang Besar block train service; and officially opened a cont

Copenhagen, Denmark A.P. Moller - Maersk (Maersk) and China International Marine Containers Ltd. (CIMC) today announced the termination of the previously announced transaction whereby CIMC would acquire Maersk Container Industry (MCI), a le

Reefer rates defy global spot trends on North Europe to Far East trades While spot rates for dry standard FEUs are declining on the worlds key global trading corridors, the rates for equivalent reefers are bucking the trend on the North Eur

Methanol represents a promising fuel source for the global fleet, with practical benefits related to ease of storage and handling, tank to wake carbon intensity reduction, as well as a pathway to carbon neutrality through green methanol. Th

In 2019, since China started second-hand car export, the quantity of second-hand car export has increased year by year. According to the China Automobile Dealers Association, China exported 15,000 used cars in 2021. In the first half of thi

ABS is supporting the first offshore supply vessel (OSV) in Malaysia to feature an innovative vessel design and battery system to support more sustainable operations. The new generation OSV will be designed to ABS Rules, and ABS New Technol