The world is awash in stories and headlines about the pandemic, inflation and central banks poised to raise interest rates, yet the global oil balance is tightening and upward pressure on oil prices is intensifying. In analyzing the worlds

Add Costco Wholesale Corp. to the list of desperate retailers renting entire vessels to bypass clogged ocean shipping networks and avoid stockouts of popular items as the Christmas shopping season quickly approaches. The Issaquah, Washingto

From January to August 2021, the cargo volume of China ports was 10260.3million tons, a year-on-year increase of 10.4%; the container throughput of China ports was186.7million TEU, a year-on-year increase of 11.1%. The chart below shows the

The Baltic Exchanges main dry bulk sea freight index extended its rally on Tuesday, rising about 5% to its highest in 13 years, steered by strong gains in capesize rates, and helped by demand for smaller vessels. The overall index, which fa

Supporting offshore wind power business with AI-based high-resolution prediction model predicting winds and waves using 1~2 km mesh to provide meteorological support for feasibilitystudies, construction and operation. Weathernews Inc. launc

On September 28, the 15000TEU dual-fuel LNG-powered ultra-large container ship CMA CGM PATAGONIA built by China Shipbuilding Trading and Jiangnan Shipyard for CMA CGM was successfully christened and delivered, the ship will be put into the

At 16:30 on September 27, Panama-flagged Ro-Ro ship SANG SHIN leaked carbon dioxide at the terminal of a shipyard in Changtu, Daishan. The incident caused 3 deaths and 2 people are still under treatment. According to the report of Daishan E

ERMA FIRST, an innovative Greek marine product manufacturer, has been developing ballast water treatment systems [BWTS] since 2009. As one of the most well respected BWTS specialists in world, it has successfully installed systems on a wide

China International Marine Containers Ltd., a global leader in logistics and energy equipment, will acquire the A.P. Moller - Maersk owned Maersk Container Industry, a leading manufacturer of refrigerated containers. This finalizes Maersks

At an event at China Classification Society in Beijing today, A.P. Moller-Maersk signed three separate cooperation framework agreements with China Classification Society (CCS) to join hands with CCS on its decarbonisation journey. Mr. Jens

BIMCO has submitted a proposal to the upcoming Marine Environment Protection Committee (MEPC) 77 with the aim to extend the experience-building phase (EBP) associated with the International convention for the control and management of Ships

The MISC Group of Companies (MISC Group) stood tall as the proud winner of four significant awards at the Sustainable Business Awards (SBA) Malaysia 2020/2021 which was held virtually on 23 September 2021. MISC Group came up tops as the Win

Cosco Shipping Lines recently enhanced its refrigerated cargo fleet with next-generation EverFRESH active controlled-atmosphere (CA) systems from Carrier Transicold. The high-performing systems enable perishable shipments to travel farther,

The NextGEN (where GEN stands for G reen and E fficient N avigation) portal, an online collaborative global ecosystem of maritime transport decarbonisation initiatives, has been launched by the International Maritime Organization (IMO) and

Yaskawa Environmental Energy/The Switch has clocked up over 100 permanent magnet machines (PMMs) for in-line shaft generators of various frame sizes since 2014 and has a large order backlog for large LNG and LPG carriers. Using PMMs for ele