ARIES GROUP expanded their survey and Inspections portfolio to Underwater by launching an exclusive facility in UAE for Diving services and ROV Surveys. Mr. Sultan Saif Sultan Al Samahi, Member of Board of Directors Fujairah Chamber of Comm

Asia liquefied natural gas (LNG) prices soared this week, as the worlds top buyer China faced an ongoing power crunch and low inventory in Europe drove up competition for the super-chilled fuel. The average LNG price for November delivery i

The continuous recurrence of the coronavirushas intensified the conflict between the low efficiency of the global logistics chain and the blowout of market demand. Especially in North America, with the advent of the recent peak season, thre

Some routes cut prices to stock up, and the composite index began to fall Ningbo Containerized Freight Index: In the week ending Oct-1, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 4112.4 points

In a quarter, COSCO SHIPPING Holdings made more than 30 billion yuan, and it once again demonstrated its super earning ability. Throughout the first three quarters, COSCO SHIPPING Holdings expects a profit of approximately 67.6 billion yuan

Turkish shipowner Yasa Shipping ordered two 64000 DWT Ultramax bulk carriers at Dalian COSCO Khi Ship Engineering, with a total price of about US $66 million. According to the ship brokerage company, the two ships are planned to be delivere

Commodity prices are surging around the globe, so it should come as no surprise: Marine fuel is getting a lot more expensive. Thats bad news for ship operators on the cost side, and, in the container business, yet another headache for cargo

Since 2021, the overall international shipbuilding market has been significantly boosted, and the global demand for new ships has rebounded significantly. According to Clarkson data, in the first three quarters, more than 350 shipowners aro

UK-based oil and gas major BP and Chinese city-gas distribution company Shenzhen Gas have signed a ten-year LNG supply deal for 225,000 to 300,000 tonnes a year. Under the agreement, Shenzhen Gas will buy the LNG volumes from BP in the peri

A new service has been introduced to enable the shipping industry to benchmark carbon emissions from their vessels against a set of indicative figures calculated by the Baltic Exchange. With growing international scrutiny and a proliferatio

Dalian iron ore rose to a one-month high in thin trade on Friday after a week-long holiday in China, with market participants upbeat about demand prospects for the raw material in the worlds top steel producer. Chinas electricity shortage h

Self Imposed Discipline US crude production has averaged this summer some 600,000 bpd above the level seen in summer 2020. However, on an annual average basis, US crude output in 2021 is still likely to average at slightly lower levels comp

Fuel savings and compliance with IMO efficiency regulations via intelligent power management for cooling pumps and fans from DESMI OptiSave Ship owners and designers need to comply with the maritime industrys ever stricter regulations for r

The Maritime and Port Authority of Singapore (MPA) will roll out the SRS Notation initiative to recognise ship owners and operators who voluntarily incorporate solutions to drive digital transformation, strengthen cyber security, enhance we

Bergen, Norway, 8 th October 2021: ECOsubsea , the sustainable robotic end-to-end biofouling solution welcomes the announcement of an innovative hull management tool intertrac Hullcare from leading marine coatings manufacturer AkzoNobel. Ak