Hong Kong-based financial leasing form CSSC (Hong Kong) Shipping will acquire two 6,700 ceu vessels from Norways Gram Car Carriers in a sale and leaseback agreement. In line with details of the transaction, CSSC Shipping will pay US$70m for

The Baltic Exchanges dry bulk sea freight index fell for a 13th straight session on Tuesday, dragged lower by weaker rates across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax vessels, fel

Following a new reseller agreement signed at Kormarine 2021, STX Engines customers selecting Tekomar XPERT will benefit from optimized engine performance and reduced OPEX through fuel savings. ABB Turbochargings digital performance optimiza

On the evening of January 24, COSCO SHIPPING Holdings issued a performance forecast. The company expects a net profit of about 89.3 billion yuan in 2021, an increase of about 8 times year-on-year, which will be the best annual performance i

The future looks bright for Norcod (Photo: Norcod) 2021 was a successful year for Norwegian aquaculture company Norcod, comprehensively delivering proof of concept for cod farming in Norway. Commercial harvesting of Norcods first batch of h

Fresh crabbing simulations from Foreship suggest that it takes more than machine learning to perfect the art of docking and undocking, but also that new CFD analysis can optimise ship equipment specifications, safety and operational efficie

Over two-thirds of respondents to a global survey conducted by Container xChange , the worlds leading technology logistics company, expect Chinese New Year factory closures to further disrupt container shipping supply chains. Most responden

Chinas shipbuilding sector continued to take the lead globally last year, as busy maritime transport across the world pushed up ship demand. The countrys shipbuilding output, an indicator reflecting the vitality of the sector, amounted to 3

COSCO Shipping has indicated it will coat its entire fleet of VLCCs with Nippon Paint Marines new antifouling system FASTAR once initial applications have been evaluated. The hulls of the passenger ferryCOSCO Starand the 56,000dwt bulk carr

The European Parliaments lead MEP on the EU ETS proposes amendments to the ETS for maritime that put the impact and efficiency of the EU Green Deal at risk, says World Shipping Council (WSC). The EU ETS intends to impose a technologically n

Andrea Lodolo, CEO of Seably [Photo: PR/Seably] Health and Safety are always crucial for any mariner and shipowner. The crew is a companys biggest asset and improving their mental and physical wellbeing is essential for a safe and efficient

Members and Assureds attention is drawn to the WHO interim Covid-19 Guidance for Management of Covid-19 on board Cargo Ships and Fishing Vessels see here . This document provides some useful guidance for managing the risk of Covid-19 being

Indian Register of Shipping is forging ahead with a drive to enhance inland vessel safety throughout India to aid the countrys economic growth. It played an integral role in the drafting of the Inland Vessels Act 2021 which was passed by th

Håkan Agnevall, CEO,Wrtsil[Photo:PR/Nor-Shipping] Hkan Agnevall, CEO atWrtsil, wants to position the marine and energy giant as the natural partner for an industry, and society, looking to translate climate ambition to reality. His vision

Damen has signed its first contact with the leading Ballast Water Treatment Systems (BWTS) manufacturer, ERMA FIRST. The Greek manufacturer ERMA FIRST will be supplying its oneTANK, which is the worlds smallest Ballast Water Treatment Syste