Economy: US borrowing costs hit a 16-year high, and it puts the GDP growth cost at a high level since the last time seen in 2007. Chinas slowing economic recovery pushed Beijing to try to avoid a potentially deflationary cycle. Western lead

Trouble in the Rhineland In Europe, besides contending with an intense heatwave, lower rainfall has impacted inland waterway transport on the Rhine River. This serves as an important means of regional fuel distribution, given the lack of an

28 July 2023 -Carisbrooke Shipping Ltd, which operates a fleet of multi-purpose vessels from offices in Cowes on the Isle of Wight, signed a letter of intent with Anglesey and Manchester-based Grafmarine to utilise the cutting-edge NanoDeck

Cargo liquefaction still remains the greatest contributor to loss of life associated with bulk carrier losses while grounding remains the main cause of ship losses, according to the recently published Bulk Carrier Casualty Report 2013-2022

In an industry first, ABS has published requirements addressing safety and technical standards for floating offshore wind substations. Together with input from offshore wind project developers, original equipment manufacturers (OEMs) of subs

HONG KONG, July 28, 2023 - (ACN Newswire) - Recently, Huatai Securities issued a research report pointed out that the recovery of offshore demand and the shortage in the supply side come at the same time. In light of this, offshore drilling

Plastic Ban onboard ships is one of the maritime industrys themes at the moment, among numerous changes and transitions, and initiatives set to help protect the environment, the oceans and their biodiversity. And while prohibiting single us

A.P. Moller Maersk has entered a green methanol Letter of Intent with US-based SunGas Renewables, Inc., a spin-out of GTI Energy, and a company providing technology and equipment systems for large-scale production of renewable fuels. This i

Ship operators continue to be fined for alleged inaccuracies when filing customs declarations at Argentine ports. The accuracy of the figures declared is crucial as reported overage, or duplication of items, could be just as expensive as a

The UK has just passed new legislation in the form of the Electronic Trade Documents Act 2023, which is set to come into force on 20 September this year. This represents the most significant piece of English legislation affecting bills of l

Wrtsil has awarded Damen Marine Components (DMC) a contract to provide steering equipment to two Landing Platform Docks (LPD) of the Chilean Navy being built at ASMAR. DMC is supplying a range of energy efficient equipment to the vessels, w

Maersk and Hong Lam Marine Pte Ltd have successfully conducted the worlds first ship-to-containership methanol bunkering operation of a Maersks container vessel on 27 July 2023 at the Raffles Reserved Anchorage in Singapore, with the suppor

The Baltic Exchange has been working closely with the Clearing Houses (CCPs) EEX and SGX to transition open interest settled on its discontinued Panamax 4TC (P4TC) index to its P5TC index. SGX and EEX will suspend their P4TC 2028 calendars,

JAKARTA, INDONESIA, 27July 2023 PT Bumi Pratiwi Hulu Energi (Prima Energi), an Indonesian-based upstream oil company, has acquired full ownership of the Northwest Natuna PSC (Production Sharing Contract) via its purchase of AWE (AAL) NZ Lim

[Photo provided to chinadaily.com.cn] Chinas first domestically-built large cruise ship, theAdora Magic City, has just completed its first sea trial and has returned to its home port of Shanghai, according to the China State Shipbuilding Co