DNV GL, the worlds leading classification society, has joined the Smart Maritime Network, an initiative dedicated to supporting collaboration and standardization in the development of IT systems for the shipping sector. Bjrn-Johan Vartdal,

After a turbulent year, low demand looks set to plague the market in the coming months combined with too many ships fighting for too few cargoes in both the crude oil and oil product segments. Demand drivers and freight rates The realities

After a down and up year in container volumes, the current logjams in the system and unbalanced trades will take months to resolve, allowing carriers to profit from high freight rates, and tonnage providers to enjoy lofty charter rates. Dem

2021 is shaping up to be a golden age for container ship operators, with Januarys substantial rise in long-term contracted rates being blown out the water by developments in February. According to the latest XSI Public Indices report from X

Oriental Energy will officially withdraw from the LPG business and focus on green chemicals and hydrogen energy after entrusting all 15 of its VLGC fleet to its affiliated company KEEGAN SHIPPING HOLDING PTE,LTD. On Feb. 25, Oriental Energy

Brazilian mining company Vale SA said it will continue investing in China and further expand its presence in the country, which has been witnessing an ever increasing share of the global mining giants total sales. Vale supplied 192 million

It all started with the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and their Disposal (hereafter The Basel Convention), which was adopted in March 1989 and entered into force in May 1992. To date, it has

Overall, global seaborne trade volumes have recovered from their Q2 slump, though not for all sectors. Demand for tanker shipping is still lagging given that a full recovery in global oil demand remains a long way off. Though GDP growth and

Statement from Ian Gooch, CEO of the Clubs managers (A Bilbrough Co Ltd) The renewal process is an important part of the Clubs strategy and we are pleased to have achieved an outcome which is in line with our key premium objectives. In the

After an unusually strong start to the year, seasonality has caught up with the dry bulk market. Coupled with a slow recovery in global economic activity, it looks set to be another challenging year. Demand drivers and freight rates The dry

At the ordinary Annual General Meeting which will be held on 23 March 2021 the Board proposes that Amparo Moraleda is elected as new member of the Board of Directors. Amparo Moraleda (born 1964) is a Spanish national and educated as Industr

Jiangsu Dajin Heavy Industry, a wholly-owned subsidiary of Bestway Group, has signed two major contracts in the past few days, the company announced on Feb. 23. Jiangsu Dajin Heavy Industry has entered into a contract and a supplementary ag

During the Covid-19 pandemic over the world, it is reported that the number of imported cases found with the crew onboard international sailing vessels has increased in Chinese ports. Recently, one vessel (last calling port was in Indonesia

More 7l300 automobiles were shipped from Japan to the China (Liaoning) Pilot Free Trade Zone recently and then forwarded to Kazakhstan by train. The shipment marks the start of normal operations of Chinas first transportation channel that c

Name The Castor Initiative Revealed for Expanded Coalition Ammonia-fuelled tanker Joint Development Project (JDP) partners - MISC Berhad (MISC), Lloyds Register (LR), Samsung Heavy Industries (SHI) and MAN Energy Solutions (MAN) announced t