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Chinese Shipbuilders See 32% Drop in Newbuild Orders in 2022
Newbuilding orders declined 32% for Chinese shipyards according to the statistics released by China Association of the National Shipbuilding Industry (CANSI), reports Seatrade Maritime...
Bipartisan Act Introduced To Revive US Shipbuilding
According to an article published in Ship Insight, legislation aimed at revitalizing the US shipbuilding sector has been reintroduced as the Energizing American Shipbuilding...
Small Modular Reactors In Maritime Innovation
Small Modular Reactors (SMRs), with their compact size and scalable design, are revolutionizing the energy landscape by offering a versatile, zero-carbon emission energy source...
Massive Crane Crashes onto Container Ship
The Transportation Safety Board has decided to deploy a team of investigators to the Port of Vancouver following the collapse of a large crane onto...
Gas Freight Market: Pacific LNG Stagnation and Atlantic LPG Trends
LNG Market Overview
The LNG spot market saw minimal movement this week, with rates largely stagnant amid limited activity, especially in the Pacific. Persistent lengthy...
CSSC Shipping Orders Boxship Quartet Worth $92m
CSSC Shipping, the leasing arm of state-owned China State Shipbuilding Corporation, said its subsidiary has agreed with Wuchang Shipbuilding to build four 1,100 teu...
Meet the ‘Biodegraders’ That Take Over Plastic!
A new fungus that can tackle plastic waste has been discovered, the BBC reported.
Fungus 'eating' plastic
The fungus, discovered by accident by Dr Samantha Jenkins,...
Officer Lee Tae-Young Honored with IMO Award for Exceptional Bravery
Officer Lee Tae-Young of the Republic of Korea is set to receive the prestigious International Maritime Organization (IMO) Award for Exceptional Bravery at Sea...
UP World LNG Shipping Index Loses In Contrast To S&P Index Gains
The UP World LNG Shipping Index (UPI) lost 0.06 points or 0.04% last week, reaching a closing value of 154.30 points. This index monitors...
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Analysts Predict Record Chinese Crude Oil Imports In 2023
Analysts expect China to import a record amount of crude oil in 2023 as people travel more after COVID-19 controls were lifted and...
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[Watch] The Mississippi Flows Backward As Hurricane Laura Hits
Hurricane Laura was so powerful that it pushed the Mighty Mississippi River flow backwards, reports Fox News.
River flow backwards
The unique occurrence happened around 4...
Can the Marine Industry Embrace Upcoming “Paradigm Shift” in Bunker Sector?
We did say it before - The Oil is so cheap that even pirates do not steal them anymore. No wonder, the world is...
Fobas Flags Off-Spec MGO
In recent weeks, Lloyd's Register FOBAS analysed a number of maritime gas oil samples in Balboa, Panama, and found sulphur levels exceeding 0.11% m/m...
