Fishing vessel LU PENG YUAN YU 028 with 30 crew at 0900 UTC May 16 spotted capsized in Indian ocean south of Maldives. No news on crew fate so far. Vessel left Cape Town on May 3, destination probably Busan. Longliner LU PENG YUAN YU 028, I

16 May 2023, Dubai/London: The International Chamber of Shipping (ICS) Maritime Barometer Report 2022 2023 - published today - reveals that uncertainty over fuel availability and infrastructure puts at risk ambitions to meet decarbonisation

Asian Shipowners Association (ASA) held its 32nd Annual General Meeting on 16 May 2023 in Shanghai. The meeting was hosted by the China Shipowners Association (CSA) and attended by more than 230 representatives from ASA Ordinary/Associate m

Bulk carrier operator and investor Hanzevast Shipping BV and Dutch maritime IT and SatCom infrastructure provider Castor Marine have completed the renewal of all onboard IT communications systems on Hanzevasts Hanze Gdansk, Hanze Gendt, Han

Oslo and Paris, 16 May 2023. Marlink the smart network solutions company has unveiled the latest upgrade to its suite of cyber security tools, adding next generation Endpoint Security to the CyberGuard portfolio. CyberGuard EDR (Endpoint De

On May 12, Hengli Shipbuilding (Dalian), a subsidiary of Hengli Heavy Industry Group, and Fortune Ocean officially signed a contract for the construction of four 82,000 DWT bulk carriers. This order marks that Hengli Heavy Industry has offi

The overall transportation demand is stable, and the composite index drops slightlyl Ningbo Containerized Freight Index: In the week ending May-12, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 7

Korean Register (KR) has awarded an AIP (Approval in Principle) to HD Hyundai Heavy Industries (HD HHI) and HD Korea Shipbuilding Offshore Engineering (HD KSOE) for their innovative Technical Procedures and Methodology for Implementation of

Panamas Directorate General of Merchant Marine Rafael Cigarruista (centre) The Panama Maritime Authority (AMP) and Panamas main maritime associations concluded the meetings for the revision of the General Merchant Marine Law, law 57 of Augu

Lost in Transit Disruption to crude exports is nothing new, however recent geopolitical events have highlighted the precariousness of crude exports in some parts of the world, particularly where exports involve transiting another nation. In

Recently, Bank of Communications Financial Leasinghas successfully launched a five-year LNG ship financingprojectwith Standard Chartered Bank and ICBC, with a total amount of $200 million. This project is the first ship financingproject lin

Most routes have sufficient space and the composite index continues to fall Ningbo Containerized Freight Index: In the week ending May-5, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 705.5 point

Slow steaming has been long touted as a vital component in meeting Carbon Intensity Indicator (CII) requirements, a benefit that leading broker Clarksons has largely refuted following research by its green transition team. Clarksons claims

On May 10, CSSC (Hong Kong) ShippingCompany signed a financialleasingcontract with Italian company MOBYfor two luxury ro-ro passenger ships. [Photo: CSSC Shipping] The two ships were built byGuangzhou Shipyard International. GSI has been eng

ABS joined Korean industry leaders in the signing of a memorandum of understanding (MOU) to produce a feasibility study for a near-shore floating platform of green hydrogen production and liquefaction. ABS joins the Korea Institute of Energ