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

The purpose of this notice is to remind vessel owners, operators and masters of: The importance of stowing and securing cargo containers in accordance with Chapter VI of the International Convention for the Safety of Life at Sea, 1974 (SOLA

Union Minister of Ports, Shipping and Waterways Shri Sarbananda Sonowalinaugurated Centre of Excellence in Maritime and Shipbuilding (CEMS) at a function in Visakhapatnam. The inauguration ceremony, held on 23rd February, was well attended

Transportation and safety, as well as standards and regulation, are going to be nothing short of boundary conditions in this energy transition. That was the message for the hydrogen industry from Christopher J. Wiernicki, ABS Chairman, Pres

Major geopolitical events with tragic human costs have major effects on shipping rates sometimes negative but very often positive. With the Russia-Ukraine crisis escalating by the hour, rate-positive shipping scenarios that were considered

The CMA CGM Group, a world leader in shipping and logistics, with the support of the Maritime and Port Authority of Singapore (MPA), started biofuel bunkering in Singapore as part of its global trial to scale-up the wider adoption of the cl

Chuan Lian-1, the electric cargo ship with the largest carrying capacity sailing on the Yangtze River, makes its maiden voyage in Nanjing, east Chinas Jiangsu Province, Feb. 22, 2022. (Photo: China News Service/Yang Bo) The ship has been up

Having stopped over 200,000 malware and ransomware attacks in the last six months alone, GTMaritimes multi-layered approach to cybersecurity is providing the essential defences ships need in an increasingly connected world, says Mike McNall