Redefining Refining In recent weeks, headline refining margins have surged to record levels, whilst clean tanker rates have also tested or exceeded previous records depending on the region/route. Rates remain volatile and with the Internati

On April 29, COSCO SHIPPING Holdings released its results for the first quarter of 2022. In the first quarter of this year, the company achieved operating income of 105.53 billion yuan, a year-on-year increase of 62.75%; Net profit attribut

As an enabler in the marine industrys transition to green methanol as fuel, Alfa Laval becomed a member of the Methanol Institute. Founded in 1989, the Methanol Institute serves as theglobal trade association for the methanol industry, repr

Survival Technology solutions provider Survitec has secured a contract to supply advanced fire-fighting systems to a pair of 48,000grt LNG dual-fuelled eco ferries under construction at Finlands Rauma Marine Constructions (RMC) for Australi

In the ninth edition of the WindEnergy trend:index, the wind power market received positive ratings for all regions; respondents believe the Ukraine war will only have a short-lived negative impact if any. While the markets in Europe, Asia

A pioneering joint development project (JDP) to advance carbon-reduction technologies between ABS and Hyundai Heavy Industries Group (HHI Group) has taken a significant step forward by securing Approval in Principle (AIP). ABS has awarded A

C-Job Naval Architects have designed a brand new class of liquid hydrogen tanker that will revolutionize the renewable energy market. The tanker concept, developed in partnership with LH2 Europe, is a critical element in realising a green e

The Poseidon Principles for Marine Insurance are a global framework for measuring and publicly reporting the climate alignment of insurers hull and machinery portfolios. With the number of its Signatories reaching and surpassing the thresho

Consolidation has long been predicted in the mutual PI sector, but the proposed merger of marine insurance majors North PI and the Standard Club has still taken many by surprise. Both mutuals have laid out a timetable to combine forces, wit

Are you planning a new ferry build? If the answer is yes, then you would probably want to optimise your costs by focusing on the Total Cost of Ownership (TCO) instead of kW-power. Choosing the propulsion unit based mainly on Capex, for exam

Korean Register (KR) held an inauguration ceremony for its new Integrated Survey Center (ISC) at the companys headquarters in Busan, Korea, on 28 April as part of KRs commitment to becoming a leading digital classification society. KR-ISC i

The Danish marine pumps specialist has been awarded a contract to supply pump systems for two CO 2 carriers that will transport liquid CO 2 to the Northern Lights storage facilities in Norway. Proven experience with CO 2 pumps makes the dif

Chinas state-owned Sinochem completed its first two bonded bunkering deals in Zhoushan on May 2, a step toward boosting its bonded bunkering business, a source with knowledge of the matter said May 4. The two deals were to refuel the intern

Focused inspection campaign Hours of work and rest This marine notice provides information to ship owners, operators and masters about the Focused Inspection Campaign (FIC) on hours of work and rest which will run from 1 May 2022 to 30 June

Nippon Paint Marines ground-breaking nano-based antifouling FASTAR Ihas been selected for the trio of energy-efficient box ships the Tsuneishi Group is building for Chinas Jiangsu Ocean Shipping Co (JOSCO). The first 1091TEU ship in the ser