Why So Weak? VLCC spot earnings averaged just $500/day on the benchmark TD3C trade during the 1st half of this year on slow steaming, non scrubber, non ECO basis; marking the lowest half yearly result since our records began in 2000. Althou

Thirty-seven Incidents of armed robbery against ships in Asia reported to ReCAAP Information Sharing Centre from January to June 2021 Number of incidents decreased by 35% compared to the same period in 2020 ReCAAP Information Sharing Centre

BIMCO has published a new charter party clause to help tackle potential abuse by sanctions busters of the Automatic Identification System (AIS) which is mandatory for all ships to use under regulations for the Safety of Life at Sea (SOLAS).

Since June 2021, international oil prices have continued to stay above US$70 per barrel. Stimulated by positive factors such as the recovery in international crude oil demand and the slowdown in the growth rate of U.S. shale oil production,

On July 15, the fourth 180000 DWT bulk carrier, CS HANG ZHOU, built by Qingdao Beihai Shipbuilding Heavy Industry for CSSC Brokerage Services, was successfully delivered, marking the successful completion of the four 180000 DWT bulk carrier

In this years record container ship market order boom, COSCO SHIPPING, which has been silent, finally launched to order 10 new Panamax container ships at COSCO SHIPPING Heavy Industry (Yangzhou), which is also the first time that COSCO SHIP

The Panama Canal Authority has extended for the second time ongoing maintenance on the waterways east lane at the Gatun Locks through July 17, pushing the maintenance window seven days past the original July 4-10 expected outage. The planne

Mission Critical Electronics (MCE) , a California-based designer and manufacturer of premium electrical power solutions for specialty vehicle, marine, network and industrial markets, is announcing its acquisition of ZeroRPM . A pioneer in a

Decarbonization is now one of the most critical challenges for the maritime industry apart from the global pandemic COVID-19 and oversupply of ships. The pathway is already there and industry players are taking the necessary steps to reach

CIMC Sinopacific Offshore Engineering, a subsidiary of CIMC ENRIC, and China Merchants Jinling Shipyard (Nanjing) signed signed a contract for 4 sets of 2000m LNG fuel tank project. The four sets of LNG fuel tanks will be used in the four 7

We previously mentioned in our reports how coal could be the dark horse of the dry cargo market in 2021. We are starting to see this unfold as seaborne coal volumes are rising, and with smaller vessel classes occupied with booming minor bul

On the morning of July 12, China Merchants Industry successfully held the arrival ceremony of MOLs first LNG carrier Grand Mereya. This cooperation is the first for the two parties to open a new chapter in the LNG ship repair business, open

Vard Electro is pleased to announce the award of the contract for an innovative hybrid battery power system with Atlantic Towing to be integrated on their vessel Atlantic Shrike. Atlantic Towing is the first company to implement this multip

Seably, the global online marketplace for bespoke maritime training, is delighted to introduceCaptainJohn Carlo Gatti, the new Seably Director for Maritime Training Institutions. The youngest pilot to ever qualify as the Chief Pilot of Geno

Greek startup Harbor Lab welcomed in June its 300th vessel to its online disbursements platform. The achievement was realised 15 months after the software company launched its disbursements accounting (DA) processing solution for the shippi