Investment Headache Tanker investments these days are not a straightforward decision. A prospective buyer is faced with a combination of price pressure, regulatory uncertainties, long term demand concerns and limited near term yard availabi

The Seafarers International Relief Fund (SIRF) is appealing to the maritime industry to support seafarers and their families impacted by the crisis in Ukraine. The fund has already raised over 177,000 and secured pledges of a further 37,000

China is the worlds largest importer of crude oil and Russia is the second largest crude exporter. Much of the crude oil trade between the two countries, however, is piped and the short distance from Far East Russia to China also limits the

On April 28, the signing ceremony of CNOOCs medium and long-term FOB resource supporting LNGtransportationproject(phase II)was successfully held. Hudong-Zhonghua Shipbuildingand China ShipbuildingTrading, as joint sellers, and the buyerrepr

Hegh Autoliners announced that it has signed a contract to build an additional four new multi-fuel and zero carbon ready Aurora class vessels on the same terms and specifications as the first four vessels. The Aurora class vessels have attr

With the goal of building a leading investment company in Asia, Yangzijiang Financial Holding, which was established by the spin-off of the investment business department of Yangzijiang Shipbuilding Group, was officially listed. Through thi

Chinas transport sector notched an increase in fixed-asset investment in the first quarter of the year (Q1), the Ministry of Transport said Tuesday. In the January-March period, fixed-asset investment in the sector amounted to 636 billion y

CNOOC Limited announced changes to its board of directors and senior management team. Mr. Xu Keqiang has resigned as the Chief Executive Officer of the Company and has been re-designated from Executive Director of the Company to Non-executi

INTERCARGO has launched the thirteenth edition of its Benchmarking Report, providing a unique and real time insight into safety standards in the dry bulk sector. A highlight of the Report was the finding that INTERCARGO members demonstrated

SSY Futures Ltd announced that James Whistler, former Global Head of the SSY Futures Energy division, is moving on to head up a new venture, Vanir Global Markets Pte Ltd (Vanir), a Singapore based broker with a strong focus on Asian Energy

In September the maritime sector will gather for SMM 2022 to discuss key industry topics. The all-important question is: How can shipping achieve climate-neutrality rapidly? The leading international maritime trade fair combines the know-ho

Robust bunker checks are essential as compounds can lead to a myriad of operational challenges, as well as engine damage. Naeem Javaid, Global Operations Manager - Fuel Oil Bunker Advisory Services (FOBAS), Maritime Performance Services, LR

A two-pronged consortium strategy via (1.) an engineering collaboration led by Wilhelmsen and Mitsubishi Corporation and (2.) a fresh US$1.6M seed will see eight industry leaders backing the startup More than eight maritime and supply chain

The Challenges Managing compliance with marine environmental regulations across a fleet is a complex undertaking for ship owners and operators. With an increasing number of rules and restrictions governing the worlds waters, maritime compan

Greek shipowner Almi Marine has returned to the newbuilding market after a lapse of 15 years, placing an order for 3 bulk carriers atDalian COSCO Khi Ship Engineering. DACKS and Almi Marinesigned a construction contract for three 64,000-dwt