The Hong Kong Marine Department has officially launched the Green Maritime Fuel Bunkering Incentive Scheme aimed at accelerating the green transformation of the maritime industry. The scheme offers financial rewards of up to HK$2,000,000 to

Turkish shipowner, Susesea, has successfully upgraded the cylinder lubrication strategy across its fleet of six bulk carriers by adopting Chevrons TaroUltra Advanced 40 (TUA 40). Working closely with Chevron Marine Lubricants and its region

The global newbuild market may be experiencing a downturn, but the demand for alternative fuel vessels remains strong, showing the industrys ongoing commitment to decarbonization. According to data from DNVs Alternative Fuels Insight (AFI)

On July 2, COSCO Shipping took a historic step in green maritime development with the successful first green methanol fueling operation for the COSCO Shipping Yangpu, a large methanol dual-fuel container ship, at Yangpu International Contai

With the Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships entering into force this week, BIMCO now estimates that up to 16,000 ships totaling 700 million DWT could be recycled over the next 10 years. Thats twic

The World Shipping Council (WSC) has released its annual Containers Lost at Sea report , showing that 576 containers were lost at sea in 2024. While this represents an increase from the record-low 221 containers lost in 2023, it remains wel

In a bold strategic pivot, Hong Kong-based Caravel Group, led by the Banga family, has sold two Chinese-built Kamsarmax bulk carriersExplorer Oceania and Explorer Asiafor approximately USD 41 million, exiting the Kamsarmax segment to sharpe

The Global Centre for Maritime Decarbonisation has successfully completed the worlds first maritime pilot demonstrating the full value chain of onboard captured carbon dioxide (CO2) in China on 25 June 2025. The pilot encompassed two phases

On 19 June, the worlds first ship-to-ship liquified carbon dioxide (LCO₂) transfer was successfully completed at the Yangshan Deep-Water Port in Hangzhou Bay, Shanghai. The project was led by Shanghai Qiyao Environmental Technology Co., L

The International Chamber of Shipping (ICS) and European Shipowners | ECSA welcome the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (Hong Kong Convention) entering into force globally today. T

Guests including Ms Mable Chan (2nd from right, front row), Secretary for Transport and Logistics, and Mr Peter Wong Wai-yee (2nd from left, front row), Towngas Executive Director, and Mr Sham Man-fai (2nd from right, back row), Towngas Chi

KR (Korean Register) has officially launched a joint working group to establish international standards for the safe discharge of toxic ammonia effluent generated from ammonia-fueled ships. The initiative brings together Korean major shipbu

The Maersk Mc-Kinney Mller Center for Zero Carbon Shipping (MMMCZCS), in collaboration with leading maritime partners, has revealed a groundbreaking design for a 3,500 TEU container feeder powered by ammonia. This innovative design, develop

X-Press Feeders Group, the worlds largest independent common carrier, has signed two agreements with COSCO SHIPPING Lines, one of the worlds largest mainline operators, to expand network coverage, strengthen mainline-feeder coordination and

From Left: Petrus Blomqvist, Partner at Vaaka; Lauri Haavisto, CEO of Foreship; Markus Aarnio, Chief Naval Architect at Foreship; Carlo Luzzatto, CEO of RINA. RINA, the multinational engineering consultancy, inspection and certification gro