Copenhagen, Denmark Following the announcement of six strategic green methanol partnerships across the globe earlier this year, A.P. Moller - Maersk (Maersk) adds a seventh methanol partnership with Chinese bioenergy enterprise Debo on the

Successful sea trials of harbor tugboat Maju 510 in Singapore verify autonomous collision avoidance capabilities of ABB Ability Marine Pilot technology In an industry-first, the vessel developed by Keppel Offshore Marine receives autonomous

Hamburg, Germany, 22 August 2022: Average container prices have declined by more than half from the last year in August as China picks up containerised trade volumes more recently, according to an analysis published today by Container xChan

22 August 2022. London, UK. After more than a decade of effective threat-reducing counter-piracy operations the shipping industry has removed the Indian Ocean High Risk Area (HRA). Notification of the removal of the HRA from 0001 UTC on 1 J

BADEN, SWITZERLAND, AUGUST 22, 2022. Accelleron, the new face of ABB Turbocharging, and Japan Engine Corporation (J-ENG), the global engine licenser, have signed a technical agreement that authorizes the use of Accelleron turbochargers on t

Global, sector-focused law firm HFW has boosted its leading Middle East practice with the hire of top-ranked shipping and offshore marine partners Robert Lawrence and Ian Chung. Robert and Ian collectively have more than 30 years experience

Lithuanian ship designer Western Baltic Engineering (WBE) is unveiling new designs for what it believes is the first ever electric pusher vessel for use on Europes inland waterways called the ELECTRIC EEL. Klaipedaheadquartered WBE said the

The freight rates of the routes all fell, and the decline of the composite index expanded Ningbo Containerized Freight Index: In the week ending Aug-12, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quo

Capesize The Capesize market continued to soften this week leaving little ambiguity about the state of the market as the 5TC posted at a low of $6,267 on Friday. While the Pacific rates have already been bottoming out in recent times, the A

Hutchison Ports confirmed earlier reports that it has reached new agreements with the Egyptian government for an expansion of its container terminal operations in the country. News of this agreement comes just days after Maersk also entered

VLCCs back in the game? This week, benchmark VLCC earnings (non-scrubber, non eco) surged to over $40,000/day after spending nearly 20 months with TCEs either negative or below fixed operating costs. TCEs have found supportfrom a combinatio

Feng Ping, deputy general manager of Chery Automobile, said that COSCO Shipping Specialized Carriers had launched the solution in a short period of time, which solved our urgent problem. Cherys car accounted for about 40% in COSCO SHIPPING

SINGAPORE, 16 Aug 2022 PaxOcean Engineering Pte. Ltd. has signed a Memorandum of Understanding (MOU) with Singapore-based bunker vessel operator Hong Lam Marine and classification society Bureau Veritas (BV) to jointly develop an ammonia bu

Helsinki, Finland 18th August 2022: Norsepower Oy Ltd., the leading global provider of auxiliary wind propulsion systems, today announced a contract with Dalian Shipbuilding Industry Co. Ltd. for delivery of single Rotor Sails onboard two n

On August 18, Yang Ming Marine Transport Corporationannounced that it had ordered 18,600 containers, with a total transaction amount of $95 million - $105 million. In March, YangMing bought 20,000 containers for $110 million to $120 million