Multiple spot rate indexes confirm that shipping rates remain historically strong, reports Freight Waves. Historic rate boom The container shipping market calls to mind a famous Mark Twain misquote: “Reports of my death have been greatly...

ABS awards AiP for a methanol fuel-ready medium range tanker design by K Shipbuilding says a press release published on Newscision website. About the AiP The AIP is the culmination of a five-month joint development project...

Asian spot LNG prices have dropped below those in Northwest Europe in a rare occurrence as European gas supplies have tightened further heading into peak winter, while Asian utilities remain on the sidelines...

Hong Kong flag carrier Cathay Pacific carried 70,047 passengers in November, up 85.2% year on year, but down 97.3% compared with the pre-pandemic level in November 2019, the airline said Dec. 14, showing...

Establishment of a Development Platform for an Automatic Navigation System and Development of Element Technologies for the Automatic Navigation System. Autonomous ships, which are rapidly being developed worldwide in recent years. Aim to...

Crude oil futures declined in mid-morning trade in Asia Dec. 14, as recent reports showing a growing impact from the COVID-19 omicron variant threat overshadowed a bullish outlook from OPEC's latest monthly report, reports...

Danish container shipping giant Maersk has uveiled the design of its next-generation large container vessels powered by carbon-neutral methanol, says an article published in Offshore energy. HHI The company ordered a total of eight 16,000 TEU...

Ocean Yield is investing in two modern LR2 product tankers, STI Gallantry and STI Guard, with 10-year bareboat charters to Scorpio Tankers with purchase obligations at the end of the charters, reports Oceanyield. About the investment  The total net purchase...

E-commerce Amazon remains largely unaffected by the global supply chain crisis as it is increasingly taking control of the entire supply chain, City A.M. Builds its own containers and hiring planes  The company is building its...

On 1 December 2021, the Singapore Chamber of Maritime Arbitration (SCMA), Singapore’s bespoke maritime arbitration body, launched the fourth edition of its arbitration rules. The first changes to SCMA’s rules since 2015 seek...