On July 7, Nanjing Tanker Corporation released an announcement on pre-increase in its semi-annual performance. It is expected that the net profit attributable to shareholders of listed companies in the first half of the year will be 400 mil

Shipmanagers and owners, assisted by legal and insurance experts, are grappling with the complexities of drafting a clause for SHIPMAN that sets out the responsibilities for administering and surrendering emissions allowances under an Emiss

Shipowners are choosing to bunker in other ports in Asia besides Singapore whenever possible as very low-sulphur fuel oil (VLSFO) prices in the city-state seem comparatively higher, market sources told Argus. VLSFO spot bunkers in Zhoushan

On July 7th, the project contract of four 1,100TEU container ships signed by Wuchang Shipbuilding Industry of CSSC and CA SHIPPING officially came into effect. The 1,100TEU container ship is the third generation of Sino-Japanese shipping co

Explora Journeys, the luxury travel brand of the Cruise Division of MSC Group, and Fincantieri, one of the worlds largest shipbuilding groups, today announced the signing of a memorandum of agreement (MOA) for the construction of an additio

Fleet Management Limited (FLEET) has launched a new integrated ship management unit MaruFleet Management Pte Ltd (MaruFleet) in Singapore in collaboration with MMSL Pte. Ltd. (MMSL), a Singapore subsidiary of Marubeni Corporation (Marubeni)

After two months of watching their production volume drop, marine paint and building material manufacturers in Chinas eastern region are raising both efficiency and output to drive growth and offset losses caused by shipbuilders declining p

Local and international maritime personality Kaushik Roy has been elected vice president of the UKs Nautical Institute. Mr Roys election will be made official at the Institutes annual general meeting Thursday (7 July). His latest profession

It has been reported by several agencies that grain from Ukraine is being loaded in Sevastopol, a major terminal in the province of Crimea, currently controlled by Russia. However, this is difficult to determine as the vessels in the releva

Gordon Brothers, the global advisory, restructuring and investment firm, has acquired the Robyn S accommodation barge from Vanguard Shipping Limited. The firm is managing the disposition of Robyn S, which is available for immediate sale to

Steerprop, a leading designer and manufacturer of propulsion systems, is continuing to build up its presence in North America by appointing key management personnel to lead its local operations. As previously communicated, Steerprop is esta

Industry partners could still do more to ensure the safety of crews, says INTERCARGO, as it has submitted its latest Bulk Carrier Casualty Report to the Sub-Committee on IMO Instruments (III 8), convening at the end of the month. Despite hi

On June 2nd, 2022 Shanghai Maritime Safety Administration published Announcement ofShanghai Maritime Safety Administration on Strengthening the Safety Management of Ships with Machinery Failure(herein after referred to as the Announcement).

On July 6, COSCO SHIPPING Holdings issued an announcement on the pre-increase in performance for the first half of this year. The announcement stated that in the first half of the year, COSCO SHIPPING Holdings is expected to realize a net pr

Singapore/Washington, July 7, 2022 The World Shipping Council (WSC) is excited to welcome Pacific International Lines (PIL) as a new member, to join in its work for a safe, secure and sustainable industry. A Singapore home-grown container s