Alfa Laval is at the forefront of the marine industrys fuel transition with its methanol solutions, knowledge and experience. The pioneering methanol-driven project for a Chinese shipowner involves installation of Alfa Lavals FCM Methanol-t

In July, governments at the UN body the International Maritime Organization (IMO), will set a course towards a net zero future. Shipowners have called on the member states to set a clear direction with increased ambition to achieve net zero

Recognizing the increase in global demand for offshore spacecraft launch and recovery, ABS announced the publication of the first international requirements for the design and construction of offshore spaceports during the Offshore Technolo

The Shanghai Containerized Freight Index and the China Containerized Freight Index have dropped by respectively 81% and 72% since January last year. Yet, they remain higher than in 2019 despite a worsening supply/demand balance, says Niels

Hengli Heavy Industry Group Hengli Heavy Industry Group(hereinafter referred to as Hengli) has got another order for four kamsarmax, after signing an order for four same carriers on May 12 th . The contract signed recently between Hengli sh

[Photo: Global Times] A capsized Chinese deep-sea fishing vessel sank on Wednesday in the Indian Ocean, with seven bodies recovered so far and 32 missing, the Ministry of Transport said on Wednesday. The vessel sank at 2 am. Seven vessels c

Market drivers have created a significant opportunity for Wallem to grow a specialised area of business, according to Capt. Anurag Mathur, Managing Director, Commercial Services, Wallem Group. Capt. Anurag Mathur, Managing Director, Commerc

The Maritime and Port Authority of Singapore (MPA) previously updated that the Maritime Rescue Coordination Centre (MRCC) Singapore received information from the master of tanker MS ENOLA on 1 May 2023 at around 1600 hrs that they had rescu

Oslo, 23 May 2023: A subsidiary of KCC has entered into a Letter of Intent (LOI) with Jiangsu New Yangzi Shipbuilding Co. Ltd (YZJ) for construction of three third generation (CABU III) vessels for delivery in the period Q1-Q3 2026. The mod

One of the worlds biggest emitters of greenhouse gases, India aims to cut emissions to net zero by 2070, and the shipping minister said three of its ports would initially have bunker facilities for green hydrogen and ammonia. The initial po

SAN RAMON, Calif. and DENVER, Colo., May 22, 2023 Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with PDC Energy, Inc. (NASDAQ: PDCE) to acquire all of the outstanding shares of PDC in an all

Economy: Chinas imports and exports are softening after the first quarters strong recovery from the reopening of covid-19 lockdown, and weak Chinese demand pushed iron ore prices to a low level. Interest rates raised to one of the highest l

On May 18, Xiamen ITGHolding Groupannounced a plan to issue additional A-shares to unspecified parties, raising 3.7 billion yuan of funds, of which 604 million yuan will be used for the construction of six 6,000dwt dual fuelbunkering ships

Lausanne, 23rdof May 2023 -Daphne Technology has obtained a license from Saudi Aramco Technologies Company, a wholly owned subsidiary of Aramco, to further develop and commercialise its mobile carbon capture (MCC) technology. Aramcos advanc

2023 has seen a much more cautious start for the dry bulk market than what we have experienced over the past 2 years. Cargo volumes have held up surprisingly well overall, but the net increase in tonnage supply has surpassed demand. While d