China, with its rising refining industry, has driven global oil demand as the COVID-19 pandemic slashed it, and is emerging in the global refining industry shift, according to the International Energy Agency. Bloomberg quoted the agency as

China will buy $1.467 billion worth of thermal coal from Indonesia in 2021, according to a trade deal signed between the Indonesian Coal Mining Association (APBI) and China Coal Transport and Distribution Association on November 25. The dea

Williams Advanced Engineering (WAE) is working with fellow Oxfordshire-based firm, OXIS Energy Ltd, on the production of a world-first battery system, designed for an all-new 40ft electric luxury boat. The craft, from Yachts de Luxe (YdL) o

Newbuilding orderbooks have dipped to historically low levels relative to existing fleets, with the dry bulk carrier sector one of the most extreme examples. The current bulker orderbook of 56.1 Mdwt represents just 6.3% of the existing cap

The leaders of the major shipping bodies met virtually to discuss the most pressing issues facing the industry as we move into 2021. The Round Table chairs reiterated the that the industry is fully committed to finding solutions to the crew

On November 25, China Merchants Shekou Industrial Zone Holdings and Viking Cruises announced formally signed a joint venture agreement, the two sides will work together to create a medium-sized luxury cruise tourism product featuring Chines

Norwegian supplier Aibel is set to supply high-voltage transformer platforms for the North Sea mega-project as it muscles up in offshore wind, while sector newcomer OHT Alfa Lift AS will deliver freight and installation services using its p

The 75th session of the Marine Environment Protection Committee (MEPC 75), which took place online from 16 to 20 November 2020, continued the deliberations on reduction of greenhouse gas (GHG) emissions from shipping, but also adopted amend

The 2018 amendments to the MLC, 2006 will bring about a change to a seafarers employment agreement (SEA)where it shall continue to have effect and wages shall continue to be paid while a seafarer is held captive on or off the ship as a resu

Proper ventilation is essential to preventing damage to the cargo and to ensure the safety of the crew and vessel in bulk carriers. To provide ships masters and crew with an understanding of different ventilation requirements for bulk cargo

Demand drivers and freight rates The major container shipping lines are among those who weathered the initial stages of this crisis the best with their new strategy of owning less and, instead, chartering ships to give them agility. They pu

The news of an effective vaccine offers some hope of a global oil demand recovery but, however it comes about, it will be slow and drawn out, and it will be at least 2022 before global oil demand returns to pre-pandemic levels. Demand drive

Leading container shipping companies are continuing to weather the pandemic storm, and its economic shockwaves, with success pushing long-term contracted rates up for the second successive month. In the latest figures from Xenetas XSI Publi

Opening an office in London is a logical next step for BIMCO. To serve our members interest the best we can, BIMCO needs to maintain even closer relations with people, companies and organisations in one of the worlds key shipping hubs, says

Chinas foreign trade is gradually recovering, and overseas orders such as textiles and electronic goods are returning to China. But exporters have encountered another problem: there are no more containers. The flow of containers has slowed