Privately-owned Chinese shipbuilder, New Times Shipbuilding, plans to expand its production facility in Taizhou, Jiangsu province to meet the growing demand from new building orders. The shipyard will invest RMB5 billion ($691.8 million)…
ABS has published a new advisory covering technical and operational challenges in ammonia bunkering from the perspective of both the source and receiving vessel. Ammonia is among the maritime industry’s future fuel contenders…
Disruption has built on disruption for the tanker markets generally keeping rates at high levels while newbuilding deliveries remain low. In a five-part series mid-year we take stock of shipping markets in the…
A renaming ceremony held yesterday at Drydocks World (DDW) in Dubai marked the completion of two major offshore projects that will underpin oil production in Côte d’Ivoire, West Africa, for at least 15…
Orient Overseas International (OOIL) sees revenue boost despite only a marginal increase in container volumes. The Hong Kong-listed subsidiary of China Cosco Shipping which runs the Orient Overseas Container Line (OOCL) brand reported second quarter revenues…
A surge in demand on the major container trade lanes has seen tonnage redeployed from secondary routes, which in turn will see higher freight rates as a result. Xeneta is warning shippers to…
South Korean container line HMM is launching a new service connecting Asia and Latin America. The Far East – Latin America Express (FLX) launched in cooperation with Ocean Network Express (ONE) will serve…
Ports in Texas were assessing the damage from Hurricane Beryl on Monday with some facilities reopening and others remaining closed. Hurricane Beryl made landfall in Texas on Monday causing widespread flooding, debris and…
After much anticipation, Golar LNG announced a lengthy charter deal for its floating liquid natural gas producer FLNG Hilli and could convert more LNG tankers. The FLNG Hilli’s present charter, with the unit working the…
Clarksons Research have today released their latest Green Technology Tracker, including first half 2024 data points, charting the progress of alternative fuel uptake and investments in energy saving technologies across the global shipping…