For the engineering innovations behind the Tuas Port Phase 1 (TPP1) Reclamation, Wharf Construction Dredging Project, the Maritime and Port Authority of Singapore (MPA) and project partners were awarded the 2022 World Federation of Engineer

The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to the lowest in nearly three years, pressured by weaker rates across vessel segments. The overall index, which factors in rates for c

BIMCO has established a new subcommittee to develop a Dynamic Positioning (DP) Annex for the SUPPLYTIME 2017. The DP Annex is expected to be the next addition to the library of specialist pro-forma Annexes, which is being developed by BIMCO

Oslo and Paris, 6 February 2023. Marlink, the smart network solutions company is adding Starlink LEO connectivity to Eastern Pacific Shippings (EPS) existing smart hybrid network as the Singapore-based ship manager looks to enhance business

Guodian United Power / Zhejiang University The ebb and flow of the tide powers a turbine while the sun shines on solar panels. In May 2022, Chinasfirstcombined tidal and solar power station started feeding electricity to the grid, and the m

VOV.VN - Relevant forces are attempting to put out a blaze which broke out on the Panama-flagged AH SHIN in the waters off Ba Ria Vung Tau province, southern Vietnam. TheAH SHIN ship is floating in the waters of Vung Tau (Photo:suckhoedoiso

Hong Kong-based leasing firm CSSC (Hong Kong) Shipping yesterday issued a positive profit alert on the full year 2022 fiscal year. The notice, issued through the Hong Kong Stock Exchange, predicts a 24% to 26% increase on the HK$1.109bn ear

India is taking further steps to lower the footprint that their Shipping trade leaves. It is understood that a number of measures will be introduced, including the ban of Tankers and Bulkers older than 25 years, and Gas and Container vessel

The Shanghai Containerized Freight Index (SCFI) succumbed to a three year low, depreciating 2.3% this week to end at US$1,006, just a tad above the three digits quote. Its counterpart on the Shanghai Shipping Exchange (SSE), the China Conta

Import and export volumes for Tianjin reached a historical high last year, rocketing 21 percent to 2.01 trillion yuan ($298 billion) the first time it has exceeded the 2 trillion yuan level according to local customs authorities. Exports su

A challenge for shipowners and their insurers engaged in international trade is to ensure that a common set of guidelines or standards for ship related liabilities apply across the different trading nations. Several IMO liability and compen

Wait and See This week, the Joint Ministerial Monitoring Committee (JMMC) of OPEC+ held a virtual meeting where they agreed to maintain current production levels. This comes after their announced output cut in October 2022 of 2 million bpd

The US Environmental Protection Agency has indicated that new federal discharge standards for vessels will be published in autumn 2024, some four years after its original deadline. In the meantime, the agency has seemingly strengthened its

Accelleron has secured a Turbo UptimeCare agreement with power generation solutions and service provider, Martin Energy Group, which becomes the first provider of this type of turbocharger maintenance package in the United States. Martin En

Hong Kong-listed intra-Asia liner operator SITC has issued a profit warning for fiscal 2022 as early indications within the unaudited results suggest a net profit in excess of US$1,900m. The current figure compares with US$1,167.2m profit e