Korean Register (KR) and DSME have competed the worlds first ship to ship (STS) LNG loading for gas trial. The SM JEJU LNG2 has supplied LNG in the STS gas-trial to a 173.400 cbm LNG carrier. The demonstration test took place at DSMEs Okpo

2020 has been a year with challenges. A.P. Moeller - Maersk had to adapt to unfamiliar and uncomfortable situations and constant change. Therefore Maersk announced that employees below the executive level will receive a one-time Exceptional

On December 8, China Merchants Energy Shipping announced that it would provide guarantees for its affiliated joint venture. The announcement shows that the name of the guaranteed party is ORE WUHAN HK LIMITED, which is a wholly-owned single

The global container ship market is booming. Wan Hai Lines has not only increased its entry into the market this year, but also authorized the management team to evaluate the purchase of several second-hand ships at 360 million US dollars (

Indian Register of Shipping (IRClass), an international ship classification society, wins two classification contracts with Bangladeshs leading companies, Toggi Shipping Logistics Ltd (a SBU of Bashundhara Group) and Three Angle Marine Limi

Chinas Ocean Economic Development Index, which measures Chinas marine economy development, rose 2.3% to 134.3 in 2019. The countrys gross ocean product rose 6.2% to Yuan8.9trn ($1.32trn) in 2019. The trade volume increase between China and

The solidification of Hong Kongs shipping status was part of an upbeat consensus about the citys future at the Lloyds List Hong Kong Ship Finance Law online forum on November 24. The forum heard that Hong Kong is well prepared to take advan

The Baltic Exchanges main sea freight index fell on Tuesday, as concerns over trade frictions between Australia and China on coal shipments sent capesize rates to a near six-month low. The Baltic dry index, which tracks rates for capesize,

Rolls-Royce has acquired Servowatch Systems, a UK-based international supplier of integrated marine automation solutions for navies, commercial vessels and large yachts. Representatives of Rolls-Royces Power Systems business unit and the co

China Development Bank Leasing acquired 14 product tankers from Maersk Tankers for a total price of approximately 2.758 billion yuan. On December 8, CDB Leasing announced that the companys 14 wholly-owned companies (as the buyer) entered in

Further to our joint industry submission letter to the Asian government leaders on crew changes in COVID-19 for calling upon leadership actions to saving some 400,000 stranded seafarers that urgently needed to be relieved, ASA coordinated a

The MaritimeSG Together Package will be extended to continue supporting the more affected sectors in the maritime industry to tide through this COVID-19 pandemic. The Maritime and Port Authority of Singapore (MPA) will extend relevant measu

Chinas crude oil imports in November recovered 10.1% to 11.08 million b/d from a 6-month low in October, but remained 0.8% lower than the 11.18 million b/d of inflows a year ago, data released Dec. 7 by the General Administration of Customs

Chinas foreign trade expanded 7.8 percent year-on-year in November, official data showed Monday. Exports jumped 14.9 percent year-on-year while imports dipped 0.8 percent in yuan terms, the General Administration of Customs said. In the fir

Leading boat-handling systems manufacturer Vestdavit Inc. has won a tender with Halter Marine in Pascagoula, Mississippi to supply marine davits for the United States Coast Guards new Polar Security Cutter (PSC). The 460-foot vessel will su