Persistent missile attacks by Houthi on ships plying the Red Sea route have led to soaring emissions liabilities for shipping companies under the EU ETS as lengthy voyage diversions for Europe-bound vessels have multiplied fuel consumption,

Ocean Network Express (ONE) is pleased to announce the opening of its West Asia Regional Headquarters in Dubai. This strategic move aims to accelerate ONEs growth and expand its presence in the rapidly developing markets of the Indian Subco

To respond to the 2050 net-zero emissions goal, Yang Ming Marine Transport Corp. (Yang Ming) is taking a significant step by adopting sustainable biofuel to its fleet, starting at Hong Kong and Singapore on 7th and 8th March. In addition to

On the morning of March 8, 2024, Zhoushan Xinya Shipyard held the Steel Cutting Ceremony for 14000TEU MAERSK HALIFAX Methanol Dual Fuel Retrofit Project, marking the worlds first container vessel methanol dual fuel retrofit project entered i

Large fines as well as potential prison sentences are being imposed on vessels calling in Lome, Togo for alleged smuggling. Members and Assureds calling at Togo, particularly Lome, should be aware that fines of EUR 60 million to 130 million

On February 28, 2024, Hisense and SITC held the signing ceremony for the establishment of SITC Logistics Asean Company Limited in Qingdao, Shandong. Yang Xianxiang, CEO of SITC, Yu Zhitao, president of Hisense, and other relevant personnel

Attack on MV True Confidence - Joint Industry Satement Industry Associations express their deep concern over the tragic loss of life and injuries suffered by the crew of MV True Confidence in an attack in the Red Sea on 6 March 2024. The lo

INMARSAT MARITIME PARTNERS WITH ARAMCO TO TRIAL WORLD-FIRST OVER WATER 5G MESH NETWORK The 5G mesh technology aims to enable high-speed connectivity in challenging conditions, with trials planned to demonstrate range far beyond what was pre

COSCO Shipping Car Carriers which is jointly funded by COSCO Shipping Specialized Carriers, SIPG Logistics and SAIC Anji Logistics signed COA agreement with Shaanxi Heavy Duty Automobile Import Export on 6th March, getting its first COA in t

Shandong Port Group (SPG) held its 2024 business promotion conference and West Asia branch unveiling ceremony on March 1 in Dubai, United Arab Emirates (UAE), marking a major step forward in increasing its international presence and further

RightShip announces the launch of LSEG World-Check One, a major collaboration between RightShip and the London Stock Exchange Group (LSEG). This tool is designed to help users navigate the challenges of moving cargo in a complex and politica

In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m DWT, a 490% leap y/y, due to a rise in orders for very large crude carriers VLCCs. A notable 19 VLCCs were ordered, already surpassing the number of orders f

SSY, the worlds largest independent shipbroker has today announced that its commodities arm, SSY Futures, is further expanding its reach in the commodities sector with the launch of a dedicated Agricultural Derivatives sales and execution d

80+ dredgers, jack-up barges, cable installation vessels, fall-pipe rock installation vessels, multipurpose ships, heavy lift vessels, and Unmanned Survey Vessels to be served. After winning a 3-year contract for more than 80 vessels to VSA

Key Achievements of Maritime Singapore Total business spending by key maritime companies overseen by MPA exceeded S$4.8 billion, up from S$4.3 billion in 2022. 25 maritime companies established or expanded their operations in Singapore last