On the afternoon of August 3, CNOOC Energy Technology Services Limited and Marine Design Research Institute of China officially signed the detailed design contract of LF12-3 FPSO hull. LF12-3 FPSO is the 15th FPSO designed by MARIC for CNOO

VARD, one of the major global designers and shipbuilders of specialized vessels, and the Norwegian shipping company Rem Offshore, are delighted to announce the contracts of two Construction Service Operations Vessels (CSOVs) with an option

A new ABSGuide for Autonomous and Remote-Control Functionssets out a goal-based framework for the implementation of these technologies on vessels and offshore units. and introduces two new notations. The Guide introduces the ABS Remote-Cont

On the afternoon of August 5, Fujian Mawei Shipbuilding signed an order for 6 1100TEU container ships with Taiwan T.S. Lines in the form of cloud contract. 1100TEU container ship is the latest third-generation China-Japan container ship lau

Container shipping rates from China to the United States have scaled fresh highs above $20,000 per 40-foot box as rising retailer orders ahead of the peak U.S. shopping season add strain to global supply chains. The acceleration in Delta-va

Chinas Shandong provincial government has asked independent refineries operating in its region to sign commitments to fully abide by the crude import quota rules, in an effort to ensure compliance and clamp down on industry misconduct of th

Nakilat, aglobal leader in energy transportation, Classification Society DNV, and a group of leading yards and system suppliers have teamed up on a joint development project (JDP) to elevate software reliability and maintenance during opera

July saw the container shipping industry enter uncharted water, as long-term contracted rates surged by their largest ever monthly increase, climbing by close to one third. According to the latest Long-Term XSI Public Indices from Xeneta wh

The Maritime and Port Authority of Singapore (MPA) and the Singapore Maritime Institute (SMI) have awarded funding to three consortiums led by Keppel FELS Limited, SeaTech Solutions and Sembcorp Marine, and comprising a total of 30 enterpri

The Baltic Exchanges main sea freight index, which tracks rates for ships ferrying dry bulk commodities, scaled its highest in more than a month on Wednesday, supported by gains across all vessel segments. The overall index, which factors i

Crowley Maritime Corporations Solutions business unit has been awarded a multi-year contract for Vessel Acquisition Management (VAM) by the U.S. Maritime Administration (MARAD). Stena RoRo is included in Crowleys project team, together with

Image credit: Salvamento Martimo The European Commission has adopted a Practical Handbook for European cooperation on coast guard activities to facilitate the cooperation of EU civilian and military authorities in their efforts to increase

In 2020, China Merchants Ports container equity throughput reached 47.1 million TEUs, jumping to second in the ranking of global port operators, a year-on-year increase of 13.8%; total container throughput of 130 million TEUs, ranking third

The relationship between supply and demand was good, and the composite index kept rising Ningbo Containerized Freight Index: In the week ending Jul-30, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quot

On August 3, the 49,700DWT product tanker Forever Cordiality built by Guangzhou Shipyard International for ICBC Leasing, completed the delivery by means of online cloud signature. The ship adopts the 13th generation MR ship type design of G