Senior leaders from International Registries, Inc. and its affiliates (IRI) visited with the Korean maritime community this week, underscoring their continued commitment to the local maritime market. IRI President, Bill Gallagher and Chief

In a bid to gain competitiveness in the global hydrogen fuel cell-powered vessel market, South Korea has revised standards for the construction of ships equipped with a clean energy drive system. Global shipbuilders are trying hard to devel

[Photo: J. Lauritzen] J. Lauritzen has recently signed letter of intent for construction of minimum two methanoldual-fuel81,200dwtKamsarmaxbulkcarriers,whichwillbebuiltbyTsuneishi Shipbuilding, Japan, and be capable of trading with zero car

Portugal is the latest country to accede to IMOs treaty for safe and environmentally-sound ship recycling the Hong Kong Convention. The Convention covers the design, construction, operation and maintenance of ships, and preparation for ship

LR advice provides practical tips for shipowners on the data and evidence required for CII correction factors and voyage adjustments. With IMOs carbon intensity regulations having entered into force in January 2023, operators must now begin

There will always be teething issues when a new regulation comes into force. At BIMCO, however, we have rarely experienced a regulation that has thrown the industry into as much turmoil as the CII regulation. However, if shipowners fix thei

In our latest Alongside podcast, Nick Rowe , Head of Strike Delay at NorthStandard, sat down with Columb Strack of SP Global Market Intelligence to discuss the impact of the big geopolitical changes in the world, how the landscape has shift

Standard Chartered was appointed to lead a USD89.6 million sustainability-linked loan (SLL) for Vista Shipping, a joint venture between Hafnia and CSSC Shipping Hong Kong, to finance the purchase of its first pair of liquefied natural gas (

Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI) Group company based in Yokohama, today held a launch ceremony for a demonstration test ship for transport of liquefied carbon dioxide (LCO2), to be utilized in conjuncti

A reported spike in drug smuggling incidents in Mexico reminds of the importance of preventative measures. CorrespondentsPI Services Mexicoreport that 2023 has seen a notable increase of narcotics related incidents in Mexican east coast por

The World Shipping Council (WSC) released a statement supporting the use of vessel-sharing arrangements (VSAs), which are being phased out under a new US law. The new U.S. law H.R. 1696 intends to eliminate these arrangements, thereby under

When thinking of marine lubricants, theres a popular saying: If the bunker oil is the ships food, the lubricating oil is its blood. This reflects the importance of lubricating oil in the ship. In the past few years, the Marine lubricating oi

An IMO working group has made progress in developing the draft 2023 IMO Strategy on reduction of GHG emissions from ships. The Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 14) met 20-24 March, with more th

The services union Verdi and the Railway and Transport Union (EVG) plan to largely paralyze traffic in Germany on Monday with an all-day strike. The EVG said Thursday it was calling on the approximately 230,000 employees of all rail and tra

Inactive tonnage ticked down in mid March to settle at 6% of the total cellular fleet, according to Alphaliner latest report. This is due to a decrease in both commercially idle ships and vessel capacity in drydock. There were 300 ships cou