Sanctioned VLCCs Stranded, GMS Report Highlights Ship Recycling Market Volatility

GMS's recent report indicates that two VLCCs, which have violated USDN (United States Dollar Network) regulations and are now subject to OFAC (Office of...

GSI Secures Contract for Advanced Semi-Submersible Vessel from COSCO SHIPPING

Guangzhou Shipbuilding International (GSI) has secured a contract from COSCO SHIPPING Specialized Carriers to build a 70,000 DWT semi-submersible vessel, reports iMarine News.  Advanced Semi-Submersible  Li...

Lloyd’s Register Approves Ammonia Dual-Fuel System For Trafigura’s Medium Gas Carriers

Lloyd's Register (LR) has successfully completed a joint development project (JDP) evaluating ammonia dual-fuel systems for Trafigura’s new medium gas carriers (MGCs), marking a...

World’s First Ammonia-Fueled Vessel Completes Successful Demonstration Voyage

The Sakigake, the world’s first commercial-use ammonia-fueled vessel, has successfully completed a three-month demonstration voyage in Tokyo Bay, achieving an up to 95% reduction...

IACS Publishes 2024 Annual Review, Emphasizing Safety And Digital Transformation

The International Association of Classification Societies (IACS) has released its 2024 Annual Review, highlighting its role in enhancing global shipping safety standards. The report...

Singapore Maritime Research Conference 2024 Advancing Digitalisation

The inaugural Singapore Maritime Research Conference (SMRC) successfully concluded on March 27, gathering over 200 experts from academia, industry, and government to discuss maritime...

New BMP Maritime Security Publication Launched To Enhance Vessel Protection

The Industry Associations of BIMCO, ICS, IMCA, INTERCARGO, INTERTANKO, and OCIMF, with the support of over 40 maritime stakeholders, have released an interactive Best...

Avikus Joins MIT Maritime Consortium to Drive Autonomous Navigation and Decarbonization

Avikus, a subsidiary of HD Hyundai, has joined the MIT Maritime Consortium to contribute to the development of autonomous navigation technologies and maritime...

DHT Holdings Sells Its Last Chinese-Built VLCCs Amid US Port Fee...

DHT Holdings has sold its last two Chinese-built VLCCs, marking the end of its fleet's association with Chinese shipyards. This decision aligns with...

Mitsubishi Gas Chemical to Expand Methanol Fuel Supply with Coastal Vessel...

MGC and Kokuka Sangyo have partnered to charter a coastal methanol-transport vessel, supporting Japan’s decarbonization goals for maritime shipping by 2040. The vessel,...

Loss Prevention Guidance on Preventing Bulk Shortage Claims

Bulk cargo shortage claims arise when the quantity stated in the Bill of Lading (B/L) differs from the quantity received at the destination. ...

Growth of the LNG Bunkering Market

LNG-capable vessels total 1,329, making up 6.56% of the global fleet. LNG bunkering capacity has doubled, with 32 boats and 201 ports, plus...

IMO Issues Interim Guidelines for Ammonia-Fuelled Ships’ Safety

MSC Approves Safety Guidelines for Ammonia-Fueled Vessels. BIMCO Contributes to the Development of Ammonia Safety Guidelines. New Interim Guidelines Aim to Ensure Safe...

Environmental Groups Warn Against Biofuels in IMO’s Decarbonization Strategy

Biofuels Threaten Forests, Communities, and Climate Goals, Activists Warn. Indigenous and Environmental Groups Call for Clean Shipping Alternatives. Activists Demand IMO Focus on...

Methanol as a Marine Fuel: Risks, Hazards, and Liabilities

Methanol biodegrades faster than oil. Economic losses include port closures and property damage. Claims arise mainly from fire, explosion, and health risks. The Standard...

Oceans Store 10 Billion Tons of CO₂ Annually

Biological Carbon Pump Locks Away Carbon for 50 Years. New Research Reveals Oceans’ Crucial Role in Climate Regulation. Scientists Call for Protection of...

Brazil Expands Visa-waiver Policy for Chinese Seafarers

Brazil has expanded its visa-waiver policy for Chinese seafarers, now including those serving on vessels registered in China's special administrative regions—Hong Kong and Macau—as...

USCG Inspection Finds Hazardous Cargo at Puerto Rico Terminal

In February 2025, the U.S. Coast Guard suspended Puerto Nuevo Terminals' (PNT) permit to handle hazardous cargo in San Juan, Puerto Rico, after discovering...

CIMC Achieves Record Profit in 2024

China International Marine Containers (CIMC) reported impressive financial growth in 2024, with a 35.58% increase in revenue, reaching RMB 128.97 billion. Net profit surged...

Yang Ming Orders 3 Methanol Dual-fuel Container Ships

Yang Ming Marine Transport Corporation announced the purchase of three 8,000 TEU methanol dual-fuel-ready containerships from Shoei Kisen Kaisha, Ltd. These vessels, being...