The Maritime and Port Authority of Singapore (MPA) and the Directorate General of Sea Transportation (DGST), Ministry of Transportation, Republic of Indonesia, today signed a Memorandum of Understanding (MoU) to extend the co-operation on h

Iron Ore Demand Rollercoaster Poor Chinese steel production since 2H21 will likely come to an end once the Winter Olympics finishes and winter air pollution controls ease. Steel production could be weighted towards the middle months of the

MarineTraffic, the worlds leading provider of ship tracking information and maritime analytics, has partnered with maritime data specialists Signal Ocean to provide vessel valuations on its platform. MarineTraffic users will now see Signal

OCBC Bank has extended a US$70 million sustainability-linked loan with U-Ming Marine Transport Corporation , one of Taiwans largest listed bulk carrier companies. This marks a first for both companies the first sustainability-linked loan th

At the beginning of the new year in 2022, China and South Korea are competing fiercely in the global shipbuilding market. In the past January, China and South Korea received 48% and 45% of the worlds new ship orders respectively, and China

The Port of Rotterdam Authoritys response The European NGO Transport Environment has conducted a study of maritime-related CO2 emissions in European seaports. The report states that the port of Rotterdam is the most polluting in Europe, as

Shell International Trading and Shipping Company, center for maritime expertise within Shell, providing specialist knowledge, insurance, technology and innovation solutions, and GTT, a technology expert in the design of cryogenic containmen

Larry Russo, Sr., Senior Vice President of MarineMax Northeast, recently received the Massachusetts Marine Trades Association (MMTA) Frank Farrell Distinguished Service Award. Larry grew up in the recreational boating industry and has had a

Royal Wagenborg has renewed and extended Castor Marines Global Ku VSAT connection for multiple years. This guarantees onboard internet connectivity, readying their fleet for future safe and efficient journeys. Since 1898 the Dutch family-ow

COSCO Shipping Holdings Co Ltd (COSCO Shipping), one of the largest container carriers worldwide, forecast soaring profits in 2021 due to the tight supply of containers amid the pandemic. Net profit attributable to shareholders during the p

The first ammonia-fuel ready vessel in the world, the ABS-classed Suezmax tanker the KRITI FUTURE, has been delivered to owners Avin International LTD, flying the Greek Flag. The landmark 274-meter-long vessel was built by New Times Shipbui

Capesize The Capesize market traded sideways this week as the 5TC closed at $10,302, an improvement of +1384 over the week. Lunar New Year holidays ensured the market was more subdued with holidays across Asia. Fixture activity looked to in

Maersk has in collaboration with the National Meteorological Service of Germany, Deutscher Wetterdienst (DWD), installed automated weather stations on 50 of its vessels. While crossing the largest oceans, the vessels transmit live data help

Danfoss Editron division has successfully begun the mass production of its EM-PMI40-T180 motor at its Nanjing factory, located in the eastern Jiangsu province. Established in 2020, the Nanjing plant creates an even stronger global footprint

The Korean Register (KR) has developed new Guidance for Underwater Radiated Noise which will help protect marine ecosystems by reducing noise from ships. As ships size and speed increases to handle high volumes of seaborne trade so underwat