Global diesel and gasoil floating storage volumes have been rising steadily since the beginning of the war in Ukraine. Currently about 15.6mbbls are held on ships, which is 95% higher than the weekly average for April 2022. The increase in

[Photo:Seacon ShippingGroup] Seacon ShippingGroupannounced that on April 12, 2023, the buyer Seacon Shipping Pte. Ltdentered into two shipbuilding contracts with the seller HuanghaiShipbuilding, with a total consideration of US$83.16 millio

Despite the collapse in freight rates, shipowners still have an appetite for new container ship orders and the order book has continued to grow. The record high order book of 7.54 million TEU will result in significant changes to the contai

At the Connecticut Maritime Associations conference in Stamford in mid-March, Thomas gave a keynote speech which was reported on by Lloyds List. In the keynote, he said that the coming year will be pivotal for the shipping industrys decarbo

Columbia Shipmanagement (CSM) shows commitment to innovation and cutting-edge technology with trial of new internet service Starlink, created by technology disruptor Elon Musk. Leaders in innovation, the ship management arm of the Columbia

Two of Hong Kongs most high profile maritime personalities have joined forces to create a home-grown ship leasing firm. The latest ship leasing firm in Hong Kong is to be led by Kenneth Lam and Sabrina Chao, the co-founders of SeaKapital Li

Singapore, 12 April 2023, 12 PM, SGT The Global Centre for Maritime Decarbonisation (GCMD) is pleased to award its concept study on offloading liquefied CO2 (LCO2) captured onboard ships to Lloyds Register, supported by their partner Arup.

Oslo and Paris, 12 April 2023.Marlink Group company Telemar has deployed its digital remote access technology to support the fleet operations of Fratelli dAmico Armatori as part of a long term maintenance agreement. Using its remote trouble

The freight rate of most routes rose, and the increase of the composite index expanded Ningbo Containerized Freight Index: In the week ending Apr-7, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes

Signal Ocean looks at the evolution of oil flows amid the enforcement of EU sanctions on Russian oil The European Union embargo on Russian petroleum products took effect on 5 February and is based on the $60 oil price cap introduced on 5 De

BOSTON, MA, April 11, 2023 Veson Nautical (Veson), the global leader of maritime freight management solutions today announced its intent to acquire vessel valuation provider VesselsValue. The move will add a market-leading company and brand

11 April 2023, London: The International Chamber of Shipping (ICS) Chairman Emanuele Grimaldi met with Mr Feng Bo, the Executive Vice President of COSCO Shipping, who received the ICS delegation on behalf of China Shipowners Association (CS

Maritime industry giants are ready to explore ammonia as green fuel for U.S. East Coast. Namely, A.P. Moller Maersk, American Bureau of Shipping, Fleet Management Limited, Georgia Ports Authority, Maersk Mc-Kinney Moller Center for Zero Car

As a cargoshipbelonging to the Geneva-based MediterraneanShipping Company S.A. (MSC) departed from the Xiamen Port in east Chinas Fujian Province on Saturday, a new Middle Eastshipping route of the Xiamen Port was officially opened. The 150

Ever Boomy / Source: VesselFinder A crewman on one of Evergreen Marine Corporations ships was tied up during an attempted robbery, while the vessel was anchored in Manila port in the Philippines. The Taiwanese liner operator has confirmed t