ClassNK has issued an Approval in Principle (AiP) for a large ammonia fueled 210,000 DWT bulk carrier jointly developed by Mitsui O.S.K. Lines, Ltd. (MOL) and MITSUI CO., LTD (MITSUI). Ammonia is expected to be used as a ship fuel for decar

Chinas exports of both low and high sulfur fuel oil fell 6% year on year to total 18.04 million mt in 2022, according to data from the General Administration of Customs Jan. 28, as bunker demand in the downstream market declined. Exports ro

On January 28, Hengli Heavy Industry Park opened in Dalian Changxing Island. At the ceremony, Hengli Heavy Industrys first ship was steel cutting. It has signed the first batch of ship construction orders with shipowners, and signed strateg

Wan Hai Lines has apparently gotten over US$32 million after finalising the demolition sale of 10 elderly boxships, as the recycling of container vessels accelerates. Ship brokers report that after an open tender, the Taiwanese liner operat

GTT announces that it has received, at the beginning of 2023, an order from its partner the Chinese shipyard Dalian Shipbuilding Industry Co for the tanks design of two Liquefied Natural Gas Carriers (LNGC) on behalf of the company CMES LNG

Investors in middle aged dry bulk tonnage may be cheered by the impact of sustained higher recycled steel values, according to research commissioned by the Baltic Exchange. Analysis of the dry bulk carrier values undertaken by consultancy Z

USA-based Advanced Polymer Coatings (APC) is further reinforcing its position as the prime protective tank coating company in Turkeys maritime sector with a series of high-profile deals. The manufacturer, which already holds 80 per cent of

Cold reception for reefers in China sees volumes, and rates, slip on main Europe to Far East trade The traditionally resilient trade in reefers from Europe to the Far East appears to be slowly succumbing to the same market forces as the res

In an era of ever-smarter shipping, one key area of vessel and fleet administration appears stuck in the dark ages. Pierre Domin explains why Stolt Tankers is rapidly transitioning to digital logbooks, unlocking a broad range of big data be

Bertrand Chen, CEO at GSBN Hong Kong incorporated Global Shipping Business Network (GSBN) has announced that COSCO Shipping Specialized Carriers has joined the consortium as a member and successfully issued the first electronic bill of ladi

Ocean Network Express (ONE) announced that we will launch 3 new Southeast Asia to Australia Services. These services will be a direct replacement of our existing services in order to improve service reliability. ONE will continue to deploy

Four dry bulk sector rates since 3 January Welcome to 2023 and the first Baltic Asia Freight Report of the year. The decline in dry bulk freight rates in the first week of the year was no surprise to the market, due to lackluster activity a

According to Alphaliner, Taiwanese carrier Yang Ming is set to increase scrubber investment to retrofit scrubbers on the remainder of the lines eight owned 8,626 TEU units. Currently five of the carriers 8,626 TEU ships are fitted with the

2023 ushers in a new era for the shipping industry with the introduction of the carbon intensity regulations. These are just some of the many regulations that enter into force this year. Below, we look at a number of the more important dome

The airline industry has been hit hard during the COVID-19 pandemic and seaborne jet fuel cargo volumes suffered along with it. In comparison to pre-pandemic levels, available seat kilometres dropped nearly 90% in early 2020. Initially, air