BIMCO is revising its popular suite of ship management and related third-party management agreements to reflect current practices in the market. First in line is SHIPMAN 2009, BIMCOs standard form ship management agreement that may include

Signal Ocean looks at the outlook for crude oil freight fundamentals amid the geopolitical crisis Demand - Freight Rates - Vessel Speeds - Supply 2022 saw a record boom in crude and product tanker freight rates. Geopolitical tensions betwee

The year ended in somewhat anti-climactic fashion for long-term ocean freight rates, with the latest data from the Xeneta Shipping Index (XSI) showing a decline of just 0.1%. Following on from a steep 5.7% month-on-month fall in November, a

To improve connectivity to key markets in the Middle East, Pacific International Lines (PIL) is pleased to announce thefurther enhancement of its Gulf China Service (GCS), with the addition of Hamad Port in Qatar to the existing calls to Je

Pacific International Lines (PIL) is pleased to announce that it has made its first delivery of fresh avocadoes to Singapore from Australia using its latest 40 high cube Controlled Atmosphere (CA) refrigerated (reefer) containers. The batch

Sunrui signed a contract with JapanNAMURAShipbuilding Co.,Ltdto supply Ballast Water Management System for 20 ships. On December 15, Mr. Wang Qihong, Director of CSSC 725 Research Institute and Chairman of SunRui, and Mr. Fu Hongtian, Gener

Funding will support commercial-scale filter manufacturing A carbon capture technology firm is getting financial backing from Chevron. Chevron New Energies (CNE), a division of Chevron U.S.A., and Svante announced that Chevron is the lead i

On December 21, COSCO Shipping Energy Transportation signed a Memorandum Of Understanding(MOU) on the research and development of liquid carbon dioxide transportation with and Petro China International (Singapore). In the context of carbon

On December 20th, Mitsui O.S.K. Lines, Ltd.(MOL) and GAIL (India) Limited (GAIL;Headquarters: New Delhi), a central public sector undertaking under the Ministry of Petroleum and Natural Gas, Government of Indian and Indias largest gas utili

According to theMaritime ReporterEngineering News,the Great Ships of 2022 has released,Shanghai Passenger Shippings Xin Sheng Taiand COSCO Shipping Energy Transportation s Yuan Rui Yangare on the list. M/V Xin Sheng Tai M/V Xin Sheng Tai is

Orient Overseas (International) Limited (HKEX.0316) (OOIL or the group), the parent company of Orient Overseas Container Line (OOCL) and OOCL Logistics, was selected by Dow Jones Sustainability Indices (DJSI) to become a constituent of Dow

From 22 December 2022, ships trading to Chinese ports must record their energy consumption data in accordance with the requirements of their Ship Energy Efficiency Management Plan (SEEMP). Ships must also report the consumption data from th

One-way pick-up charges for containers are falling further in China. In September 2021, these charges were at their peak at somewhere around $2730, while in December 2022, these are somewhere around $804. This is a 70% decrease. This declin

A new luxury cruise ship design developed independently by China State Shipbuilding Corporation (CSSC) has been given Approval in Principle (AiP) by China Classification Society (CCS). The 80,000GTcruise is being heralded as an important mi

The Isle of Man Ship Registry (IOMSR) is expanding its reach into ASEAN region after joining the Singapore headquartered Asian Shipowners Association (ASA). The IOMSR deputy director Toby Brooks said the flag state represents a third of ton