The Korean Register (KR) has announced the establishment of a new LNG Fueled and Bunkering Simulation Center (KR LSC). The new facility is located at KRs headquarters in Busan and officially opened on 15 September. Following the opening cer

The International Union of Marine Insurance presented its analysis of the latest marine insurance market trends during its annual conference which this year is being held online. Marine underwriting premiums for 2019 were estimated to be US

Hong Kong Maritime Week 2020 scheduled for 15-21 November has been cancelled. The main organizer of the territorys most prestigious maritime event, the Hong Kong Maritime and Port Board, has yet to officially announce the cancellation. But

The COVID-19 pandemic shows no sign of abating and continues to affect seafarers mental health and wellbeing worldwide. Recognisng the crucial need to provide sufficient support to help seafarers to manage during this crisis, BIMCO has seen

On September 11, On September 11, CMHI-196-4 Polar Expedition Cruise in Haimen Base of China Merchants Industry successfully completed the remote video inspection of USCG SFP. In response to COVID-19, USCG fully authorized BV Classification

Shipbuilders in Korea, China, and Japan are having fierce competition in order to take a bigger share of the global LNG-powered vessel market. As the global energy demand is shifting to eco-friendly sources, the shipbuilding market is shift

Steel futures closed higher Monday in daytime trading on the Shanghai Futures Exchange. The most active construction steel rebar contract for January 2021 delivery was up 17 yuan (about 2.49 U.S. dollars) to close at 3,664 yuan a tonne. The

The Baltic Exchanges main sea freight index rose on Monday, snapping a 12-day long losing streak, buoyed by stronger rates for capesize vessels. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects r

Fast growing offshore windfarms expect low carbon service operations by support vessels, but supplying and handling biofuels is a challenge and the development of ammonia and hydrogen powered vessels still has a long way to go, explains lea

In his keynote address to the International Union of Marine Insurance (IUMI) annual conference, IUMI President, Richard Turner, focused on four areas that are set to exert maximum impact on the marine insurance sector of the future these we

Indian Register of Shipping (IRClass) has joined a select group of Classification Societies who have received authorisation as a Recognised Organisation from the US flag administration.The recognition is an appreciation of IRClass meeting t

On September 11, 2020, CSSC Huangpu Wenchong Shipbuilding made a major breakthrough in the independent research and development of ship type, which ushered in another good news for the company to receive orders. On the same day, CSSC Huangp

China continues to prove the market commentators wrong on the iron ore front, with the asian heavyweights imports still hitting record levels. In the past three months Chinas iron ore imports have climbed 20 per cent year on year, while yea

Capital Link is hosting its 5th Annual International Shipping Forum China Digitally, on Tuesday, September 15, 2020. The Forum is organized in partnership with Singhai Marine Services and Columbia Shipmanagement, and with the support of the

ReCAAP Information Sharing Centre today released the August 2020 Report on the situation of piracy and armed robbery against ships in Asia . The full report is available here , and the accompanying presentation slides are available here . O