NAVTOR and Ingenium Marinehave signed a term sheet under which NAVTOR will acquireIngenium Marine. The transaction is subject to execution of definitive agreements.Once completed, Ingenium will become a fully integrated NAVTOR company and c

On December 30, 2021, China State Shipbuilding Corporation issued an announcement stating that Qingdao Beihai Shipbuilding Heavy Industry and China Ship Heavy Industry (Qingdao) Rail Transportation Equipment have all transferred their equit

The annual order volume of South Korean shipping companies had ranked first in the world since 2018, but was overtaken by China in 2021. Although South Korea has extended significant effort to remain No.1, its shipping companies finally had

On December 30th, 2021, Ministry of Transport (MOT) of the Peoples Republic of China held a meeting at CCS Headquarters to announce its decision on the change of CCS top management. Mr. Sun Feng, former CCS Vice President, was appointed as

China has issued its first refined fuel import quotas for 2022, with gasoline and diesel volumes sharply up from a year ago, and naphtha, a petrochemicals feedstock, largely steady, according to industry sources and a document seen by Reute

The alarming reality about climate change is becoming increasingly clear, and the recently published sixth assessment report from the Intergovernmental Panel on Climate Change (IPCC) describes it in no uncertain terms; we face a climate eme

Commissioned by our entrusting party, Guangzhou Shipping Exchange Co., Ltd. (GSE) and Hang Qing Bao Auction Co., Ltd. determines to organize an online bidding for asupramax bulk carrier named Lan Hai Sheng Hui. The announcement is stated as

Chinas international goods and services trade surplus stood at 287.9 billion yuan ($45 billion) in November, official data showed on Thursday. Last month, the countrys trade income reached 2.19 trillion yuan and expenditure neared 1.9 trill

Chinas Ministry of Commerce has issued 107.4 million mt in crude import quotas to 36 qualified independent and non-major state-owned refineries in the first batch for 2022, falling 9.4% from the same batch in 2021, refining sources told SP

OnDecember 29th2021, CSSC power group holds the celebration ceremony for their first successfully delivery of LNG FGSS and achieving NH3 FGSS AIP certificate. During the ceremony, Mr. Luigi MATTERA, the Operational Director of RINA Great Ch

Using Signal Ocean data , we analyse the trends and changes across the major vessel sizes in the dry and tanker freight market for 2021. This report provides data on demand, supply and how the latest developments determined the performance

The Korean Register (KR)awarded approval in principal (AIP) to two green ammonia-fueled ships at KRs Seoul branch office on 15th December 2021.One of the ships is a 60,000m3 ammonia-fueled ammonia carrier and the other is a 38,000m3 ammonia

Evergreen Marine Corp. reportedly doled out year-end bonuses of as much as 40 months wages to some of its employees on Thursday. According to local media reports, some Evergreen Marine employees were rumored to have each received some NT$2

On December 29, Chinas first worlds largest 24,000TEU container ship was successfully undocked, marking another major breakthrough in the field of ultra-large container ship construction. This type of ship is independently designed by Hudon

The potential of emerging battery technologies to contribute to the decarbonization of shipping is explored in the latest sustainability technology guidance from ABS. Emerging Battery Technologies in the Maritime Industry covers the differe