Three New Venture Capital Partners Boost Investment Funding The Maritime and Port Authority of Singapore (MPA) and NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS), today announced the launch of Smart Po

A buyers payment instalments are at risk under a shipbuilding contract until the shipyard delivers the ship. To safeguard against the risk of the shipyard defaulting or becoming insolvent it is common practice to cover this risk with a refu

With discussions at the International Maritime Organizations (IMO) Marine Environment Protection Committee (MEPC) meeting (held 10 to 17 June 2021) on sea-based sources of marine plastic delayed until the end of the year, BIMCO is looking a

The shipping industry has welcomed the growing momentum for a USD 5 billion RD Fund for shipping, but is calling on governments to act in line with their climate commitments and not waste more time in moving forward with decisive action to

At the 76th session of the Maritime Environmental Protection Committee (MEPC 76), the IMO has prohibited the use of cybutryne in antifouling systems (AFS) from 1 January 2023, as studies have proven that the substance is harmful to a variet

In a report published 9 June 2021, the United Nations Office on Drugs Crime (UNODC) provides an interesting view into on the piracy problem emanating from the Niger Delta, and explains in detail why there is an urgent need for international

Peak Oil Demand in Sight? Last month the International Energy Agency (IEA) released its Net Zero 2050 report, outlining the actions that are needed to achieve net zero emissions globally by 2050. To reach this, the IEA calls for no new oil

Following extensive consultations with its partners, Hamburg Messe und Congress GmbH decided to cancel the MARINE INTERIORS Cruise Ferry Global Expo scheduled for 8 to 10 September 2021, as well as the Seatrade Europe Cruise and River Cruis

On June 16, the first 85,000 dwt bulk carrier built by DSIC Shanhaiguan Shipbuilding Industry for AVIC International Leasing was successfully delivered. The ship is a new Post Panamax bulk carrier with green energy saving and environmental

Shenzhen Yantian Port Group intends to establish a joint venture company with Hutchison Ports Yantian to invest and construct the first phase of the container terminal project in the east operation area of Yantian Port Area, Shenzhen Port.

Standardising and harmonising electronic ship to shore communication for reporting purposes was high on the agenda at the International Maritime Organizations (IMO) virtual Facilitation Committee (FAL) meeting held from 1-7 June 2021 (FAL 4

The Export-Import Bank of China Guangdong Branch issued a US$150 million ship prepayment guarantee for Guangzhou Shipyard International, which will support GSI to build 3 export 16000TEU container ships. This type of ship is about 366 meter

Global Mercy, the worlds most advanced civilian hospital ship built by China Shipbuilding Trading, and Tianjin Xingang Shipyard for Mercy Ships, a U.S. shipowner, was successfully delivered on June 16. The ship has a total length of 174 met

The Panama Canal increased the length allowed in its expanded locks for the passage of vessels between the Atlantic and Pacific oceans, the Panama Canal Authority (ACP) said on Tuesday. In a statement, the ACP said that since last month, th

The Baltic exchanges main sea freight index rose for the sixth straight session to its highest level in five weeks on Wednesday, helped by stronger rates across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax