14 SEPTEMBER 2023. Furetank and Algoma Central Corporation expand the FureBear joint venture with two additional vessel orders, bringing the total newbuild order to ten intermediate product tankers to trade in Northern Europe. The two compa

On September 14, CSSC SunRui Marine Environment Engineering, China Merchants Jinling Shipyard (Nanjing)and Hong Kong Marine Trading held a signing ceremony for the FGSS of 4+2 7400 CEU dual-fuel PCTCs. [Photo:CSSC SunRui] The 4+2 high-press

On August 30, China Merchants Port Holdings Co., Ltd. held its 2023 Interim Results Press Conference in Hong Kong. The conference was chaired by Feng Boming, Deputy General Manager of China Merchants Group and Chairman of CMPorts Board of D

A number of fatalities and serious injuries have occurred across the maritime industry due to parting of mooring lines. Our loss prevention poster highlights the fact that the first line ashore has the highest potential to snap given the le

The first seashipping route connecting East South America and Europe operated by a Chinese company was officially launched on Friday, with the first vessel taking the route setting sail at a port in Rio de Janeiro, Brazil. The vessel, opera

The Republic of the Marshall Islands (RMI) will flag the first-ever state-of-the-art 22,000 cubic meters (cbm) liquid carbon dioxide (LCO2) carriers whose order was recently announced by Capital Gas Ship Management Corp. The carriers will b

[Photo: Xinhua] Chinese shipyards have accumulated their largest number of LNG newbuild orders till date, positioning them in coming years as an alternative to South Korean yards who currently dominate the LNG ship construction space. While

Traffic Jam The Panama Canal has received much attention recently as low water levels have led to both an increase in transit waiting days as well as the number of vessels waiting to cross. The implications of these difficulties are clear;

On September 15, CSSC Dalian ShipbuildingIndustry, China Shipbuilding Trading and China Merchants Energy Shipping signed an order for a new 306,000dwt methanol dual-fuel powered smart VLCC. [Photo: DSIC] China Merchants Energy Shipping init

Hamburg, 13 September 2023:China to U.S. trade route has been seeing a recent surge in Container Leasing Charge per Route as observed in its September Container Market Forecaster published by Container xChange , an online container logistic

The cargo throughput of Chinas ports has ranked first globally for many consecutive years as the country has launchedshipping routes with over 100 countries and regions, according to an official from the countrys Ministry of Transport (MOT)

Copenhagen, Denmark The worlds first methanol-enabled container vessel will carry the name Laura Mrsk, the EU Commission President Ursula von der Leyen revealed at a ceremony in Copenhagen on Thursday. The name was revealed in the Port of C

Further to our previous news alert of 28 June 2021 (available here ) Members and Assureds whose vessels call at ports in Brazil are reminded that as of 1 May 2023 the Brazilian immigration authorities will only accept the Seafarer Identity

With LPG earnings currently at all-time highs, we take a brief look at what is behind this bull run and the impact that this may be having on vessel values. VLGC one year time charter rates are at around 2,600,000 USD/Month, the highest lev

Cyan Renewables today, together with its consortium of six other partners, announced the launch of a green energy consortium to jointly design and develop electric harbour craft operations in Singapore. Led by Cyan Renewables, the consortiu