StormGeo , the leader in weather intelligence, ship routing and fleet performance management solutions, announced today the launch of Strategic Power Routinga service that optimizes the power output of a vessel in varying weather conditions

China will construct a Polar Silk Road and actively participate in the development of Arctic and Antarctic regions, it said in its new 2021-2025 five-year plan published on Friday. The plan said China would participate in pragmatic cooperat

DNV, the worlds leading classification society, granted an Approval in Principle (AiP) to Hyundai Mipo Dockyard (HMD) for a new design of intra-Europe 1,900 TEU feeder container ships. Young Jun Nam, CTO Executive Vice President at HMD, and

The market looked forward to resuming work, and most freight rates fell Ningbo Containerized Freight Index: In the week ending Mar-5, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 2152.9 points,

Digitalisation has taken on a new urgency in the light of the COVID-19 pandemic, in particular when it comes to digital data exchange in ports, and for facilitating trade and logistics in general. BIMCO and other maritime NGOs are inviting

Short Term Pain Yesterdays news that OPEC+ would keep production unchanged for April was not exactly what the tanker market wanted or needed. Undoubtedly this move will create more short-term pain for the sector with very little change in c

Forward freight agreement (FFA) trades for a basket of 38,000-dwt handysize time charter rates will help operators take longer-term cover with less risk, says leading shipbroker Simpson Spence Young . Following an ever-strengthening charter

ReCAAP Information Sharing Centre today issued a Warning based on information from the Philippine Coast Guard (ReCAAP Focal Point) about an incident involving a bulk carrier, Akij Pearl off Sibutu Island, Tawi-Tawi, Philippines on 3 March 2

Torqeedo and Poseidon cooperatively announced a fully electric, steerable thruster system designed to provide up to 65 kW of emission-free power and directional thrust ideal for manoeuvring on Europes inland waterways. Poseidons thruster is

It has been more than a decade since BIMCOs TOWCON and TOWHIRE for ocean towage services and BARGEHIRE for bareboat chartering unmanned barges were last revised. The drafting teams tasked with the revisions have updated the forms to incorpo

Global shipping CO2 emissions decreased 1% last year as the Coronavirus pandemic curtailed 2020 shipping activity, according to maritime data provider Marine Benchmark. CO2 emissions among the Big-3 - Tankers, Bulkers and Containers - actua

Inchcape Shipping ServicesGlobal VP Cruise Solutions Grant Holmes saysthere is broad industry acceptance of sustainability as an aspiration but the challenge is implementing it. With unrivalled cruise expertise supported by the planets larg

ABS Guidance Designed to Support Owners, Operators, Shipbuilders and Original Equipment Manufacturers ABS has published guidance on Methanol as Marine Fuel, evaluating the challenges in design and operation of methanol-fueled vessels. The l

BW Group and Miros are launching Miros Mocean , a joint venture to provide the shipping industry with a new standard in vessel performance optimisation. BW Group and Miros are combining maritime expertise and leading radar technology to ove

North West PR firm Polaris Media has been appointed by the Battle of the Atlantic Memorial (BOAM) charity to create a new brand and website as well as manage the media launch of its new concept (see attached images). Polaris has provided pr