At the end of their useful life, ships are recycled for the valuable steel and other materials that can be re-used. End of life ships also contain hazardous substances, like asbestos, heavy metals, oil sludge and other pollutants that if mi

Elon Musks SpaceX company has rolled out its Starlink satellite connectivity service to the maritime sector after receiving authorisation from the US Federal Communications Commission (FCC) . The satellite-delivered broadband service promis

Sea shipping freight costs have seen a sharp drop in China since June, resulting in an increase in foreign orders to Chinese traders, the Global Times has learned from industry insiders. Observers pointed out that the steady decline in the

Dramatic Changes This years events have been dominated by the Russian invasion of Ukraine, the resulting international sanctions, and the far-reaching consequences for the global economy. For tankers, once the European oil embargo on Russia

Korean Register (KR) has signed a Memorandum of Understanding (MOU) with KLCSM and Samsung Heavy Industries (SHI) to jointly research and approve the application of autonomous navigation systems for mid- to large-sized vessels. The agreemen

On July 7, Nanjing Tanker Corporation released an announcement on pre-increase in its semi-annual performance. It is expected that the net profit attributable to shareholders of listed companies in the first half of the year will be 400 mil

Shipmanagers and owners, assisted by legal and insurance experts, are grappling with the complexities of drafting a clause for SHIPMAN that sets out the responsibilities for administering and surrendering emissions allowances under an Emiss

Explora Journeys, the luxury travel brand of the Cruise Division of MSC Group, and Fincantieri, one of the worlds largest shipbuilding groups, today announced the signing of a memorandum of agreement (MOA) for the construction of an additio

After two months of watching their production volume drop, marine paint and building material manufacturers in Chinas eastern region are raising both efficiency and output to drive growth and offset losses caused by shipbuilders declining p

It has been reported by several agencies that grain from Ukraine is being loaded in Sevastopol, a major terminal in the province of Crimea, currently controlled by Russia. However, this is difficult to determine as the vessels in the releva

Gordon Brothers, the global advisory, restructuring and investment firm, has acquired the Robyn S accommodation barge from Vanguard Shipping Limited. The firm is managing the disposition of Robyn S, which is available for immediate sale to

Steerprop, a leading designer and manufacturer of propulsion systems, is continuing to build up its presence in North America by appointing key management personnel to lead its local operations. As previously communicated, Steerprop is esta

Industry partners could still do more to ensure the safety of crews, says INTERCARGO, as it has submitted its latest Bulk Carrier Casualty Report to the Sub-Committee on IMO Instruments (III 8), convening at the end of the month. Despite hi

On June 2nd, 2022 Shanghai Maritime Safety Administration published Announcement ofShanghai Maritime Safety Administration on Strengthening the Safety Management of Ships with Machinery Failure(herein after referred to as the Announcement).

On July 6, COSCO SHIPPING Holdings issued an announcement on the pre-increase in performance for the first half of this year. The announcement stated that in the first half of the year, COSCO SHIPPING Holdings is expected to realize a net pr