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Korean Shipbuilders Dominate VLAC Orders
Korean shipbuilders have achieved a remarkable feat by securing all orders for Very Large Ammonia Carriers (VLACs) placed this year. This dominance is attributed...
Ship Emissions Threaten Marine Life, Call for Action
Marine life at risk due to ship emissions, states an Ajot news source.
Combined emissions
The combined emissions of metals and other environmentally hazardous substances from...
Why the Global Bulk Carrier Fleet Is Aging Fast
The global bulk carrier fleet is experiencing a significant aging trend, with the average vessel age increasing from 8.6 years in 2018 to nearly...
Freight Rates to Remain High Next Year, Warns Drewry
Three million TEU of new tonnage expected next year may be "more than offset" by ongoing market disruptions, leaving shippers in a challenging...
Big Boost For Big Ships: Kongsberg Maritime Unveils Powerful New Thruster
Kongsberg Maritime has announced the expansion of its ULE PM retractable thruster portfolio with the introduction of the ULE PM 255.
This new...
European Energy Exchange Launches New Freight Futures
The European Energy Exchange (EEX) will introduce a new suite of freight futures and options contracts for the dry and LNG freight markets from...
Ship Recycling Market Faces Uncertainty Amidst Tariff Wars
Cash buyer GMS reports that the US 25% tariffs on Chinese steel and aluminum are already destabilizing ship recycling markets, according to Marine Link.
Market...
AR Tech to Display Voyage Information in VLCC
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced plans to launch the experimental use of a system, that supports ship operation...
The Race To Become “World’s Largest Economy”
A Japanese study predicted China to surpass the US by 2028 and 2029. But China’s current economic difficulties and US recovery are having an...
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LNG Freight Rates Plummet as Ship Surplus Hits Spot Market Hard
Asia-Pacific LNG freight rates have dropped to historic lows, with two-stroke ships losing $7,000-$8,000/day.
New-build deliveries and delayed LNG production projects are exacerbating...
Latest reviews
ClassNK Makes Breakthrough Finding for Ultra-large Container Ships
ClassNK has concluded that the minimum required brittle crack arrest toughness for extremely thick brittle crack arrest steel plates of 100mm used in ultra-large...
IRClass Sets Up Advisory Committee in Singapore
The Indian Register of Shipping (IRS), a leading classification society, is extending its commitment to the Asia Pacific region with new offices and an...
Port of Rotterdam Achieves 8% Greenhouse Gas Emission Reduction in 2024
In 2024, greenhouse gas emissions from companies operating within the port area saw a significant reduction of 1.7 million tonnes, representing an 8% decrease...
