ClassNK Endorses KAGOO’s MAREWA-SYSTEM Innovation
ClassNK has granted its Innovation Endorsement for Products & Solutions to a remote monitoring system for machines, “MAREWA-SYSTEM” developed by KAGOO DOCKYARD Co., Ltd....
China Merchants Shipping Leases Two New Capesize Carriers
China Merchants Energy Shipping Co., Ltd. (China Merchants Shipping) plans to enter into long-term lease agreements for two newly constructed capesize bulk carriers.
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Market Uncertainty and Declining Trading Activity
The UP World LNG Shipping Index (UPI) rose by 0.74% last week, closing at 163.69 points, while the S&P 500 fell by 0.6%.
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Subdued Performance In Baltic Dry Index As 2024 Ends, Struggling Across...
As we approach the final trading days of 2024, the Baltic Dry Index paints a picture of a year marked by more subdued performance...
Singapore Bunker Fuel Sales Dip In November Amid Market Slowdown
Sales of marine bunker fuel in Singapore dropped to a two-month low in November, following a significant surge in October, according to data from...
South Korea’s Shipbuilding Market Share Drops Below 20% Amidst China’s Growing...
The Chosun Daily states that South Korea’s share of the global shipbuilding market is projected to fall below 20% in 2024, marking its lowest...
Mærsk And Philippines Join Forces To Reduce Maritime Emissions
Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping and the Philippine government have partnered to develop green shipping corridors in the Philippines. This collaboration...
Ship Recycling Market Gains Momentum
The Baltic Exchange's main sea freight index has been declining for the past four sessions, reaching its lowest point since July 2023. This decline...
Port Of Ashdod’s New Tech Hub To Drive Maritime Innovation
The Ashdod Port Company in Israel has launched a new maritime technology hub. This initiative, backed by the Israeli government, aims to foster innovation...
Kongsberg Maritime to Deliver Advanced Hybrid PSVs
Kongsberg Maritime will design and supply six state-of-the-art 5,000 DWT Platform Supply Vessels (PSVs) with hybrid propulsion systems and oil spill recovery capabilities...
H-Line Shipping Adopts HiNAS Control, Avikus’ Autonomous Navigation Solution
Avikus, a subsidiary of HD Hyundai specializing in autonomous navigation technology, has signed a contract with H-Line Shipping to supply its AI-driven HiNAS...
ZEPA Unveils Insights on Demand, Design, and Infrastructure
ZEPA celebrates its first anniversary with three reports detailing strategies for port decarbonisation.
Rising demand for battery-electric container handling equipment (BE-CHE) is reshaping...
Mitsui O.S.K. Lines Wins the World LNG Shipping Award 2024
MOL's Commitment to Decarbonization Earns Prestigious Award.
MOL Executive Officer Discusses LNG's Role in Low-Carbon Future.
World LNG Summit Highlights Key Trends and...
SOHAR Port and Freezone Launches Pioneering Port Management Program
Port Management Program to Strengthen Engagement with Government Stakeholders.
SOHAR Offers In-Depth Insights into Its Strategic Business Model and Operations.
Regulatory Knowledge to...
US-Asia Container Trade on a Record-Breaking Track
November Sets Record for US Container Imports Despite Monthly Dip.
US Imports Near Record Highs with Strong Growth from Asian Economies.
Vietnam and...
InductEV Partners with ZEPA to Drive Port Decarbonization
Wireless EV Charging Pioneer Targets Greener Ports with ZEPA Alliance.
Revolutionizing Port Electrification: InductEV’s Wireless Charging Solution.
InductEV Expands into Ports with ZEPA...
KR’s AI-Powered CBM Initiative Redefines Ship Maintenance
Korean Register (KR), Sinokor Merchant Marine, and HD Hyundai Marine Solution (HD HMS) are collaborating to integrate AI-driven condition-based maintenance (CBM) technology for...
Container Shipping Emissions Surge to Record Highs in 2024
Global container shipping emissions have risen 13.8% in 2024 compared to 2023.
Despite soaring spot rates and operational challenges, tools like the Xeneta...
Middle East-to-China Freight Rates Drop Sharply in 2024
Spot rates for crude oil transport from the Middle East to China have dropped by 33% this year due to weaker Chinese demand...
Storm Triggers Oil Spill in Key Russian Export Route
A heavy storm in the Kerch Strait caused a Russian oil tanker to split apart.
The Kerch Strait, a vital route for Russian...
