On June 1, Dalian COSCO Khi Ship Engineering held a christening ceremony for the two 61,000-dwt bulk carriers DE089/DE090 built for Hong Kong Wah Kwong Shipmanagement. DE089 was christened Darya Heera and DE090 was christened Darya Mira. Th

MAN Energy Solutions has developed a new small-bore engine solution that complies with Chinas Stage II commonly known as the C2-emission standard (GB15097 regulation) due to enter into force in July 2021. The new legislation will primarily

The Baltic exchanges main sea freight index slipped for a fifth straight session on Tuesday as a dip in capesize rates eclipsed gains in the panamax segment. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessel

MAN Energy Solutions has received an order for three 6G70ME-GI engines for three 210,000 DWT bulk carriers built by New Times Shipbuilding for Singapores Eastern Pacific (EPS). The three engines will be produced by MANs licensed manufacture

CTI-Maritec, the maritime industrys leading fuel and environmental technical advisory company has cut ribbon on a new fuel testing centre in Shanghai, China. The official opening today of the new state-of-the-art testing lab, located in the

Demand drivers and freight rates The first four months of 2021 have been record-breaking in volume terms, with demand reaching 1.69 billion tonnes the highest-ever start to a year. Volumes are up 6.1% compared with the same period in 2020,

As part of a major initiative to accelerate digitalisation in the shipping industry, BIMCO has teamed up with the International Chamber of Commerce (ICC) and other key stakeholders to help identify and overcome obstacles preventing a more w

Despite diverging pandemic paths in the world, global growth is forecast to reach 6% this year, according to the International Monetary Fund, following a 3.3% contraction last year. There are, however, still plenty of downside risks, especi

Norwegian cod-farming venture scores industry first and cements yet another strategic milestone with major world-class aquaculture certification. Trondheim-headquartered Norcod is the worlds first dedicated cod-farming operation to secure c

Optimarin is eyeing a Spanish market fiesta for its leading ballast water treatment system (BWTS) after bringing onboard Madrid-based Llalco Fluid Technology to boost regional sales. Llalco has been appointed to act as agent for Optimarin u

On May 31, Shanghai Waigaoqiao Shipbuilding successfully christened the 210,000 DWT Newcastlemax bulk carrier PENG MAY built for Foremost Group. This is the ninth of the 10 bulk carriers of this batch built by Waigaoqiao Shipbuilding for Fo

The range of possible blending components for 0.5% sulfur fuel oil and the impact this has on the fuel parameters is undermining the markets appetite to hedge against VLSFO price volatility some 18 months after the IMO rules came into place

Yang Ming Marine Transport Corp. (Yang Ming) took delivery of one more new 11,000 TEU container vessel, YM Tiptop to further enhance Yang Mings operating competitiveness. The vessel will be deployed to Far East - South America service SA3 a

The Shipping-KPI platform faced by users today is much different compared to only half a year ago. Recent major improvements include: Launching the updated Shipping-KPI Changing the benchmarking concept to ranking Improved user roles Adding

Under Francis Sarres chairmanship, BIMCOs Documentary Committee has adopted more than 50 contracts and clauses. Sarre has, amongst many other high-profile projects, spearheaded BIMCOs move into the ship financing area with the development o