Global piracy and armed robbery numbers decreased in 2021, according to the International Maritime Bureaus Piracy Reporting Centre (IMB PRC). Its latest annual report shows a 32% drop in overall attacks in 2021 compared to 2020. The drop is

There were few new shipment sources after the festival, and some routes had excess space Ningbo Containerized Freight Index: In the week ending Feb-18, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quot

StormGeo , a leading provider in weather intelligence and decision support solutions for the shipping industry, today announced the launch of a new Carbon Intensity Indicator (CII) Dashboard that provides ship operators with the ultimate di

Swiss based marine engine technology developer, WinGD has expanded its global training network through a partnership with DCS POWER PTE LTD in Singapore to deliver state-of-the-art training for optimizing engine performance and preparing cr

Leading Swedish tanker operator Terntank accepts delivery of TERN FORS on Friday, 25thof February, 2022. TERN FORS is the second tanker of a series of two that combine LNG/LNG engine-powered engines, are 100% biofuel compatible, emit no gre

Banks not Tanks Yesterdays sudden invasion of Ukraine will have major ramifications, not just for the energy markets, but also for the security of Europe. Broad sanctions have been enacted by the major economies of the world. The European U

The Korea Register (KR) has signed an MOU agreement with STX Energy Solutions (STX ES) and Daewoo Shipbuilding Marine Engineering (DSME) to work together on The technology standardization and commercialization of solid oxide fuel cells. The

At least three major buyers of Russian oil have been unable to open letters of credit from Western banks to cover purchases on Thursday, four trading sources said citing market uncertainty after Russia invaded Ukraine. Banks are not willing

On February 23, Dalian Shipbuilding Industry Corporation Limited(DSIC), subsidiary of China State Shipbuilding Corporation, signed a strategic cooperation agreement with Luoyang Ship Material Research Institute. Yang Zhizhong and Zheng Wei,

Chinas dependence on crude oil imports has dropped for the first time in the past two decades in 2021, from 73.6 percent in 2020 to 72 percent in 2021, official figures said. Total crude imports declined last year to 513 million metric tons

At least three major buyers of Russian oil have been unable to open letters of credit from Western banks to cover purchases on Thursday, four trading sources said citing market uncertainty after Russia invaded Ukraine. Banks are not willing

The International Chamber of Shipping (ICS), representing 80% of the worlds merchant fleet, has warned of supply chain disruption should the free movement of Ukrainian and Russian seafarers be impeded. The Seafarer Workforce Report , publis

Subsea 7 and technology partner FLASC B.V., are pleased to be awarded a grant from the UK government Department for Business, Energy and Industrial Strategy (BEIS) for 471,760,tofurtherdevelop an innovative offshoreenergy storage system. Fu

The original five partners of the Cargo Integrity Group are excited to welcome theBureau International des Containers (BIC)and the International Federation of Freight Forwarders Associations (FIATA), strengthening the group in its efforts t

Russian military operations have begun across Ukraine with major cities seeing conflict. There are reports of bombings on port infrastructure, however its too early to know the extent of the damage. Attacks have been reported in the key por