China Development Bank Leasing and Cyprus shipowner Schoeller Holdings reached a financial chartering agreement to acquire 21 ships and lease them back for a total price of US$142 million. The 21 SPVs as charterers belong to Cyprus shipowne

Every day, tens of thousands of containers arrive at seaports from countries all around the world. Containers and other cargo are carried aboard liner ships container and roll-on-roll-off (roro) vessels which offer regularly scheduled servi

Feeder services between production hubs in South China and export gateways, set to be suspended from mid-December to mid-February, are indications of an early start to the Lunar New Year shutdown in China, sources say. Premature feeder canc

Chinas exports of clean marine bunker, or very low-sulphur fuel oil (VLSFO), rose 17.8% in November than a month ago, as refineries acquired a new batch of export allowances, according to Reuters. Observed on Monday, the General Administrat

The Oil Companies International Marine Forum (OCIMF) is overhauling its Ship Inspection Report Programme (SIRE) by introducing tablet-based inspections, a more comprehensive inspection process, and enhanced policies and procedures from Q2 2

Demand for LNG-fuelled newbuilds is growing across the shipping industry. Pump specialist Svanehj has quadrupled its sales of fuel pump solutions in 2021 and is heading for an all-time high order intake. 2021 has been a record year for new

Equinor, Shell, TotalEnergies, Gassco and classification society DNV announced the kick-off of a new JIP to develop low-pressure solutions for the transportation of CO2 by ships. The CETO (CO2 Efficient Transport via Ocean) JIP will carry o

Nantong CIMC Sinopacific Offshore Engineering, a subsidiary of CIMC ENRIC, and CNOOC Energy Technology Services Limited signed a contract for the construction of a 12,000 m3 LNG bunkering vessel worth RMB 441 million. The ship has a total l

On 15thDec, RINA issued AIP to China Merchants Cruise Research Institute. These two types of cruise boats are designed and developed by China Merchant Cruise Research Institute. One is49.6 meters riverside city cruise, designed for the Huan

Cosco Shipping Development Co. said it has raised 1.46 billion yuan ($229.0 million) in a private placement. The Chinese shipping company issued 530.4 million new shares at CNY2.76 apiece, it said Monday. Investors included the companys cur

A year ago Royal Wagenborg started out with a pilot with bottle filling stations installed on board of six vessels. At this point, almost forty vessels are equipped with a bottle filling station. Wagenborg Superintendent Izak van Rhijn expl

11 out of 23 ship finance portfolios are aligned with the IMOs decarbonization target. In 2020, only 20% of reporting Signatories were aligned with this goal. The second Poseidon Principles Annual Disclosure Report 2021 reflects the Signato

On December 17, China State Shipbuilding Corporation held a signing ceremony for marine projects. 8 shipbuilding projects and 8 ship equipment projects were signed together, and the cumulative amount reached 12 billion yuan. The shipbuildin

All-inclusive trans-Pacific container shipping rates to North America were buoyed in the week to Dec. 17 by a renewed push to restock retail inventories in the period between the calendar year-end and Asias Lunar New Year celebrations begin

TEST Biofouling Project will demonstrate technical solutions to stop invasive species and reduce GHG emissions from ships. A newly signed project is set to provide pilot projects in developing countries in order todemonstrate technical solu