Short Term Pain Yesterdays news that OPEC+ would keep production unchanged for April was not exactly what the tanker market wanted or needed. Undoubtedly this move will create more short-term pain for the sector with very little change in c

Forward freight agreement (FFA) trades for a basket of 38,000-dwt handysize time charter rates will help operators take longer-term cover with less risk, says leading shipbroker Simpson Spence Young . Following an ever-strengthening charter

ReCAAP Information Sharing Centre today issued a Warning based on information from the Philippine Coast Guard (ReCAAP Focal Point) about an incident involving a bulk carrier, Akij Pearl off Sibutu Island, Tawi-Tawi, Philippines on 3 March 2

Torqeedo and Poseidon cooperatively announced a fully electric, steerable thruster system designed to provide up to 65 kW of emission-free power and directional thrust ideal for manoeuvring on Europes inland waterways. Poseidons thruster is

It has been more than a decade since BIMCOs TOWCON and TOWHIRE for ocean towage services and BARGEHIRE for bareboat chartering unmanned barges were last revised. The drafting teams tasked with the revisions have updated the forms to incorpo

Global shipping CO2 emissions decreased 1% last year as the Coronavirus pandemic curtailed 2020 shipping activity, according to maritime data provider Marine Benchmark. CO2 emissions among the Big-3 - Tankers, Bulkers and Containers - actua

Inchcape Shipping ServicesGlobal VP Cruise Solutions Grant Holmes saysthere is broad industry acceptance of sustainability as an aspiration but the challenge is implementing it. With unrivalled cruise expertise supported by the planets larg

ABS Guidance Designed to Support Owners, Operators, Shipbuilders and Original Equipment Manufacturers ABS has published guidance on Methanol as Marine Fuel, evaluating the challenges in design and operation of methanol-fueled vessels. The l

BW Group and Miros are launching Miros Mocean , a joint venture to provide the shipping industry with a new standard in vessel performance optimisation. BW Group and Miros are combining maritime expertise and leading radar technology to ove

North West PR firm Polaris Media has been appointed by the Battle of the Atlantic Memorial (BOAM) charity to create a new brand and website as well as manage the media launch of its new concept (see attached images). Polaris has provided pr

ASVTIME, the new time charter party for accommodation support vessels, was recently adopted by BIMCOs Documentary Committee and is now available for use in SmartCon. Specifically developed for offshore oil and gas and renewables, ASVTIME co

A new set of independent indices for the Liquified Natural Gas (LNG) seaborne trade went live this week (2 March), based on the carriers burning LNG, rather than marine fuel oil or marine gas oil, as their primary fuel. Published twice week

DNV has supported Hapag-Lloyd in obtaining financing for six of its highly efficient containership newbuildings according to the Green Loan Principles of the Loan Market Association (LMA). DNV has verified that the transactions fulfil the r

Following the order for 12 feeder container ships at the beginning of the year, WanHaiLines will order 6 new Panamax container ships,taking its new shipbuilding spending to more than $1.1bn this year. Wan Haiis negotiating with South Koreas

China National Offshore Oil Corporation (CNOOC) on Sunday said it regrets the decision made by the New York Stock Exchange (NYSE) to delist its American depositary shares (ADSs). The NYSEs decision and actions may affect the trading prices