Zvezda Shipyard Completes Russia’s First LNG Carrier

Aleksey Kosygin Embarks on Sea Trials as Russia’s LNG Fleet Takes Shape. Zvezda’s Aleksey Kosygin to Support Delayed Arctic LNG 2 Project. Western...

Turkey Plans Maritime Agreement with Syria After Government Formation

Ankara Eyes Maritime Demarcation Deal with Syria's Interim Administration. Turkey to Boost Ties with Syria Following Assad’s Fall. Erdogan Pushes for Trade, Energy,...

SWS Secures Sixth FPSO Hull Contract with SBM Offshore

SWS Delivers Fifth FPSO Jaguar Ahead of Sixth Unit Construction. SWS Achieves 25-Year Milestone with Over 100 Million DWT Delivered. SWS Expands Portfolio...

Legal Risks And Green Opportunities In Ship Recycling

The global shipping industry is confronting the challenge of aligning ship recycling practices with evolving environmental and safety standards. As the average age of...

Indian Recyclers Acquire VLCC ‘Amor’ in Shipbreaking Milestone

Indian ship recyclers have purchased the 2000-built VLCC ‘Amor’ from a shadow fleet, marking the first such transaction since 2022. The ship recycling...

OpenAI’s Next Leap: Humanoid Robots on the Horizon

OpenAI is reportedly exploring the development of its humanoid robots, reigniting interest in robotics after closing its division in 2021. Strategic investments in...

Sustainable Shipping Progress: Poseidon Principles’ Impact at 5 Years

The Poseidon Principles, introduced in 2019, have grown to include 35 banks from 14 countries. Challenges remain in financing retrofits, dual-fuel vessels, and...

US Maritime Act Boosts South Korean Shipbuilders’ Shares

South Korean shipbuilders' shares are rising due to anticipated benefits from the US Ships for America Act. The act includes incentives for foreign...

Key Loss Prevention Updates in the IMSBC Code (Amendments 07-23)

The International Maritime Solid Bulk Cargoes (IMSBC) Code amendments were adopted in June 2023 by Resolution MSC.539(107). The amendments have been available on a...

Supply-Demand Dynamics to Bolster Asian HSFO Market

Continued rise in scrubber-fitted fleet to buoy HSFO bunker demand. Hi-5 spread still lucrative enough for shippers to opt for HSFO over LSFO. ...