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Paris MoU 2024 Annual Report Highlights Stable Bans but Rising Detention Rates
The number of bans in 2024 remained stable at 15, continuing a downward trend compared to pre-COVID years.
Detention rates have risen to...
ICS Webinar Regarding Stranded Seafarers
The International Chamber of Shipping (ICS) reviewed how COVID-19 is affecting seafarers and how the industry might find better ways to influence government, with...
Chinese Shipping Giant Inks Methanol FSS Order For Boxship Quartet
COSCO Shipping Heavy Industry Technology (Weihai) recently signed an order with COSCO Shipping Heavy Industry (Yangzhou) for methanol fuel supply systems for four 16,000-TEU...
[Watch] Container Vessel Blocks Major Italian Box Port
Container ship MSC ELAINE went out of control at Gioia Tauro harbor entrance, Italy, while leaving port, and ran onto southern breakwater tip, at...
IMO Bats for a Well Developed Human Resources in Maritime
According to an article published in The Fiji Times, the International Maritime Organisation has reinforced that human resources overseeing ship navigation and the maritime...
ClassNK Technical Journal: Vehicle Carrier Fire Initiatives
ClassNK has released the latest "ClassNK Technical Journal”, which has been published for contributing to the advancement of technology and society through the outcome...
Asian LSFO Market Faces Challenges
The Asian low sulfur fuel oil market is likely to remain lackluster in 2024 amid a potential build in regional stock levels, while downstream...
Pacific Softness Hits Capesize While Atlantic and Asian Momentum Buoys Panamax and Supramax
The Capesize market for the C5 route (West Australia to China) has experienced a subdued week, indicating a softening sentiment in the Pacific basin....
“K” LINE Trials B100 Biofuel For Carbon-Free Operations
Kawasaki Kisen Kaisha (“K” LINE) announced that it has conducted its first trial use of marine B100 biofuel which was supplied by global energy...
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2024 Sees Surge In Container Ship Orders: Order Book Hits New...
The container ship order book reached a record high of 8.3 million TEU at the end of 2024, surpassing the previous peak of 7.8...
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DHT Orders Four Large VLCCs
DHT Holdings, Inc. has contracted to build four large VLCCs.
DHT plans to finance the project through cash flows, liquidity, and new mortgage...
[Watch] This $1 Billion Cruise Ship with a Race Track will...
A $1 billion Norwegian cruise ship is all set to dethrone its rival cruise lines Carnival and Royal Caribbean.
What happened?
The $1 billion cruise ship...
Belships Purchases Another New Ultramax Bulker
Norwegian owner Belships has entered into a letter of intent for the acquisition of a new ultramax bulker, says a press release published by...
