During a visit to Bangladesh by Norwegian authorities, the Norwegian Shipping Association, the European Community Shipowners Association, the International Chamber of Shipping and BIMCO, between 8-11 May 2023, the Bangladesh Government conf

Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount recycled in the previous ten years. As recycling volumes inc

(Photo by Hao Xiaotian/Xinhua) GUANGZHOU, May 16 (Xinhua) -- The luxury ro-ro (roll-on/roll-off) passenger ship Moby Fantasy set sail for Italy from south Chinas Guangzhou. Independently built by Guangzhou Shipyard International Co., Ltd.,

Capesize The capes started the week on an upbeat note. All three majors were active in the market at the beginning of the week, resulting in a healthy volume of cargo from West Australia to China. As a result, rates pushed up accordingly, t

Fishing vessel LU PENG YUAN YU 028 with 30 crew at 0900 UTC May 16 spotted capsized in Indian ocean south of Maldives. No news on crew fate so far. Vessel left Cape Town on May 3, destination probably Busan. Longliner LU PENG YUAN YU 028, I

16 May 2023, Dubai/London: The International Chamber of Shipping (ICS) Maritime Barometer Report 2022 2023 - published today - reveals that uncertainty over fuel availability and infrastructure puts at risk ambitions to meet decarbonisation

Asian Shipowners Association (ASA) held its 32nd Annual General Meeting on 16 May 2023 in Shanghai. The meeting was hosted by the China Shipowners Association (CSA) and attended by more than 230 representatives from ASA Ordinary/Associate m

Bulk carrier operator and investor Hanzevast Shipping BV and Dutch maritime IT and SatCom infrastructure provider Castor Marine have completed the renewal of all onboard IT communications systems on Hanzevasts Hanze Gdansk, Hanze Gendt, Han

Oslo and Paris, 16 May 2023. Marlink the smart network solutions company has unveiled the latest upgrade to its suite of cyber security tools, adding next generation Endpoint Security to the CyberGuard portfolio. CyberGuard EDR (Endpoint De

On May 12, Hengli Shipbuilding (Dalian), a subsidiary of Hengli Heavy Industry Group, and Fortune Ocean officially signed a contract for the construction of four 82,000 DWT bulk carriers. This order marks that Hengli Heavy Industry has offi

The overall transportation demand is stable, and the composite index drops slightlyl Ningbo Containerized Freight Index: In the week ending May-12, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 7

Korean Register (KR) has awarded an AIP (Approval in Principle) to HD Hyundai Heavy Industries (HD HHI) and HD Korea Shipbuilding Offshore Engineering (HD KSOE) for their innovative Technical Procedures and Methodology for Implementation of

Panamas Directorate General of Merchant Marine Rafael Cigarruista (centre) The Panama Maritime Authority (AMP) and Panamas main maritime associations concluded the meetings for the revision of the General Merchant Marine Law, law 57 of Augu

Lost in Transit Disruption to crude exports is nothing new, however recent geopolitical events have highlighted the precariousness of crude exports in some parts of the world, particularly where exports involve transiting another nation. In

Recently, Bank of Communications Financial Leasinghas successfully launched a five-year LNG ship financingprojectwith Standard Chartered Bank and ICBC, with a total amount of $200 million. This project is the first ship financingproject lin