The Poseidon Principles for Marine Insurance establish a common global framework for aligning marine insurance portfolios with societys goals. Through their actionable methodology, the Principles enable insurers to quantitatively assess the

Ningbo Ocean Shipping completed the container transportation volume of 916,000 TEUs in the first quarter, a year-on-year increase of 3.5%; The volume of bulk cargo business was 5.91 million dwt. In the first quarter, the completed container

Chinas coastal bulk freight market saw increased overall demand in March, data from the Shanghai Shipping Exchange (SSE) showed. On a monthly basis, the composite index for coastal bulk freight, which measures transportation costs in the co

The Baltic Exchanges dry bulk sea freight index slipped for a 13th straight session on Monday, as capesize rates hit their lowest level in more than two-months. The overall index, which factors in rates for capesize, panamax and supramax sh

A remotely operated harbor tug developed by Keppel Offshore Marine (Keppel OM) is the first in the world to receive the ABS Autonomous Notation. Already the holder of the first-ever ABS Remote-Control Navigation Notation, the 32-metertug, w

The Korean Register (KR) has signed a memorandum of understanding (MOU) with Daewoo Shipbuilding Marine Engineering Co., Ltd. (DSME) to jointly research the development of Maritime Autonomous Surface Ships (MASS) technology. MASS are the ne

The 25th Interim Meeting of the ASA Ship Recycling Committee, presided over by Mr. Ron Huang, Chairman of the ASASRC, was held via e-mail from 21 to 28 March 2022. The SRC members are firmly committed to ensuring full compliance with all ap

Left to right: SHI President and CEO J. T. Jung, MISC President and Group CEO, Datuk Yee Yang Chien, Lloyds Register Group CEO Nick Brown. Lloyds Register, Samsung Heavy Industries (SHI) and MISC via its subsidiary, AET, have signed a Memor

As part of ongoing efforts to achieve its decarbonisation objectives, Pacific International Lines (PIL) announced that it is conducting a trial use of marine biofuel on its container vessel Kota Megah when it called at the port of Singapore

Denmark-based global container logistics giant Maersk will achieve net-zero carbon emission status by 2040 when its entire fleet will be green fuel enabled, said Christopher Cook, Managing Director, Maersk UAE. As we scrap old vessels, the

Indian Register of Shipping (IRS) is continuing its drive to improve inland vessel safety throughout India, having played an integral role in the drafting of the Inland Vessels Act 2021. The Inland Vessels Act 2021 will help integrated vess

The shipping demand was oldrums, freight rates fell on most routes Ningbo Containerized Freight Index: In the week ending Apr-8, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 3430.6 points, sligh

The Maritime and Port Authority of Singapore (MPA) has unveiled the development concept for The WAVES today at the Singapore Maritime Week (SMW) 2022. The WAVES or Waterfront for All, innoVation, Enterprise, and Sustainability, is an integr

Gibson Tanker Market Report Strategic Release As the sanctions effort ramps up against Russia, governments around the world are seeking ways to wean themselves off Russian oil, whilst also managing the political damage caused by higher fuel

The Maritime Manpower Forum at the Singapore Maritime Week 2022 brought together government, union and industry leaders to discuss ways to attract and retain talent and transform workplaces in the maritime sector. The forum emphasised the i