Despite low freight rates, very few crude oil tankers have been sent for demolition so far this year. The year 2021 has been tough on crude oil tanker freight rates across the board so far. Consequently, the industry buzz has been all about

Shell hits milestone in fleet decarbonisation with half of long-term chartered crude tankers to run on LNG in 2023 Shell signed agreements to charter ten new crude tankers powered by dual-fuel liquefied natural gas (LNG) engines. Four of th

The Baltic Exchanges main sea freight index drifted lower on Thursday, having gained in the last seven sessions to hit a high since October, as rates eased for the capesize and panamax vessel segments. The Baltic dry index, which tracks rat

A Chinese-flagged fishing vessel with 16 crew members carrying 130 tonnes of oil has run aground off Mauritius, causing a minor spill, a minister said on Monday. Nothing to be worried about, Sudheer Maudhoo, whose Blue Economy Ministry look

In the wake of a 50% increase in net profits for 2020, announced just two days ago, Hong Kong-listed SITC, an intra-Asia liner operation, has ordered eight containerships from Yangzijiang Shipbuilding including four 2,600 teu ships and four

Responding to the UN Secretary-Generals call for urgency and ambition on climate change, the entire global shipping industry is giving full and unequivocal backing to a moon-shot proposal submitted by governments, to catalyse the complete d

BIMCO and the Royal Institution of Naval Architects (RINA) have identified a need for and therefore proposed - an alternative method to determine an accurate reference speed in connection with a carbon reduction framework currently under de

ReCAAP Information Sharing Centre (ISC) today released its February 2021 Report and presentation slides on the situation of piracy and sea robbery in Asia. In February 2021, three incidents of armed robbery against ships were reported in As

COSCO SHIPPING Heavy Industry (zhoushan) Co., Ltd has appointed energy and marine engineering consultancy AqualisBraemar to perform DP and BLS system FMEA on a shuttle tanker the Chinese shipyard is building for Norwegian shipowner Knutsen

On 9 March 2021, Singapore ratified the Convention on the International Organization for Marine Aids to Navigation. It is the first country to do so shortly after it signed the Convention on 1 March 2021. Ratifying the Convention will suppo

Leaders of the Round Table of International Shipping Associations - BIMCO, INTERCARGO, International Chamber of Shipping and INTERTANKO - met virtually last week to debate key issues facing the maritime industry today. At the meeting, the a

Vestdavit keeps design and delivery on track with unique boat-handling system supplied for cable-layer Nexans Aurora at Norwegian yard Newbuild cable-laying vessel Nexans Aurora will be making waves in more ways than one when it hits the wa

On March 8, COSCO SHIPPING Holdings released its annual performance bulletin for 2020. In 2020, the company achieved a total revenue of 171.258 billion yuan, with a year-on-year growth of 13.37%; Net profit attributable to shareholders of t

Anglo-Eastern Ship Management Ltd Anglo-Eastern Ship Management (Shenzhen) Co., Ltd Anglo-Eastern is a leading global provider of ship management services. We have been working with shipowners and our clients for over 40 years, driven by ou

The COVID-19 pandemic had caused enormous impact on Tokyo MOU activities in various aspects, including a notable decrease of the number of inspections due to restrictions of ship-shore interaction. Recognizing the necessity and importance o