While nearly 40 percent of shipowners have still not implemented a decarbonization strategy despite impending regulations, there is resounding confidence among industry leaders in LNGs potential to help reach regulatory goals in the coming

Reports showtypical savings around 5%, and in some cases up to 10% fuel savings could be achieved simply by giving the bridge team real-time fuel consumption data, says Jacob Grieg Eide, Chief Business Officer of ScanReach. The Norwegian co

Taking advantage of the rapid increase in ship prices in the shipping market, SITC International continued to accelerate its fleet expansion. Following the order for 8 feeder ships from Dae Sun Shipbuilding last week, SITC International ret

An innovative liquefied natural gas (LNG) fuel tank system developed by Newport Shipping for crude tankers and bulkers has gained a key preliminary class approval to facilitate retrofits of such vessels in line with new environmental requir

On June 2, the 5 millionth container produced by the container manufacturing plant of COSCO Shipping was put off the production line in Qidong container manufacturing plant, which is another leap development of the container manufacturing s

On May 28, Nantong COSCO Khi Ship Engineering delivered the 81-type 82,000-dwt bulk carrier NAVIOS AMITIE built for INDIGO MARINE SHIPPING. NAVIOS AMITIE is a flat-deck bulk carrier with a bow. It has 7 cargo tanks and can carry cargo such

CNOOC Energy Technology Services Limited and SK Innovation Co., Ltd. signed a letter of intent on FPSO integrated services of Lufeng 12-3 oilfield in Shenzhen on May 27, 2021. Lufeng 12-3 oilfield is jointly invested and developed by SKI an

Based on information provided by a BIMCO owner member, BIMCO updates the information on UN 3077 environmentally hazardous solid bulk cargoes and its relation with the International Maritime Solid Bulk Cargoes ( IMSBC) Code. Subsequent to th

Takingactionwas the overriding theme of Ocean Now this week, a new two-day, hybrid event launched by Nor-Shipping. Despite the fact that global industry stakeholders are still grounded by travel restrictions, the desire, and need, to connec

Chinas hog industry has transformed over the last few decades as countless unsophisticated backyard farms have been converted into an industry sporting multi-storey farms with AI technology. This switch has been ongoing for decades, but rap

The 8,500TEU container ship, OOCL Durban has collided with bridge crane at the Port of Kaohsiung. The 8,500TEU OOCL Durban has crashed with the No. 70 Yangming Wharf bridge crane at the Port of Kaohsiung in Taiwan causing two cranes to coll

The Sri Lankan Navy on Wednesday said that operations to tow the burnt X Press Pearl ship had been halted after the rear end of the vessel had hit the sea bed. Navy Spokesman Captain Indika De Silva told Xinhua that following a few hours of

Canadian shipowner Algoma Central Corporation has announced the execution of an alternative order for an additional Seawaw-Max self-unloading bulk carrier in Yangzijiang Shipbuilding. The new vessel will be Algomas first Equinox 2.0 bulk ca

The Baltic exchanges main sea freight index slipped for a sixth straight session on Wednesday due to a fall in capesize rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities

Carbon emissions produced from seaborne coal exports stayed steady last year despite the impact of the coronavirus on consumption, a study showed on Wednesday, although the sector faces growing environmental scrutiny. Coal is among the bigg