VLCC Chinese charterers dominated in the Middle East Gulf, with rates easing slightly to WS 56/57 and South Korea discharge at WS 55 all basis...

Bin Sulayem: ‘The initiative is a step towards strengthening the sector’s investment appeal and catalyze the industry to achieve economic diversification.’ More than 5,500...

Peter Bertelsen knows MR tankers like the back of his hand. So far, he has supervised the building of 13 of 19 MR newbuildings...

On September 2, a Chinese cargo vessel successfully sailed out to the Arctic Circle to complete its maiden voyage through the ‘Polar Silk Road’. What...

On September 1, a crew member was grievously injured after he was injured during a work accident onboard a cargo vessel. What happened? A crew member...

The last moments on a sinking ships can be quite daunting, for that can only be seen from the ones who are directly experiencing...

MAN Energy Solutions first ME-LGIP (–Liquid Gas Injection Propane) engine has been launched in Copenhagen Research Centre It has different modes and in...

Despite the benefits of this design, there are some challenges in achieving them. The most important one was the issue on determining how to...

China - US peak season shipping is in full swing. China vs West Coast prices were just one dollar less than the previous...

LNG carriers spot rate on high tide No disruptions from fuel prices Demand for spot charter rise Old vessels not economical for modern...

The severe tanker market conditions of last week is likely to prevail this week. However, despite the looming crisis BIMCO experts foresee a possibility...

Capesize A turnaround in fortunes for the big ships, with a few slower days in the market. A build-up of tonnage and a lack of...

Organised by Biz Events Management, ShipTek Hong Kong Summit - Ship Owning & Ship Management Conference & Awards, concluded successfully at Renaissance Harbour View...

The technology giant Wärtsilä is all set to develop a state-of-the-art container vessel under an agreement with all leading marine players. Industry consortium An agreement has...

From the time IMO’s Ballast Water Management Convention entered into force, increasing number of shipowners are flocking to install ballast water treatment systems onboard...

On September 2, a ferry carrying over hundred people caught fire near the Port of Taloot in Argao, Cebu. What happened? The ferry ‘MV Lite Ferry...

Adhering to these stricter environmental standards could add at least $2 billion to our annual fuel bill from 2020, says, the world’s largest container...

Chinese Ministry of Transport has made some changes in the Regulations on the Administration of Domestic Waterway Transport for Imported Ships. From...

French maritime authorities are appealing for calm after fishermen from rival French and British fleets banged their boats in ill-tempered skirmishes over access to...

Summary ​At about 0130 on July 11, 2017, the uninspected sailing vessel Best Revenge 5 caught fire while it was docked at a marina pier...