Swiss marine power company WinGD has seen key parameters in line with expectations during early testing of its new X-DF-A ammonia-fuelled engine design. A 52-bore single-cylinder version of the X-DF-A engine is running at the company’s Engine Research and Innovation...

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Exporters this week jostled to load and ship cargo from Shenzhen’s Yantian Port, one of the world’s largest container ports, before an eight-day Lunar New Year holiday and ahead of a potential wave of U.S. tariffs on Chinese goods. Yantian, which handles one-third of...

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DNV has signed a Memorandum of Understanding (MoU) with HD Hyundai Mipo (HMD) and HD Korea Shipbuilding & Offshore Engineering (KSOE). The collaboration focuses on developing standards for testing electric powered vessels through the use of digital twin-based...

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Asia’s very low sulphur fuel oil (VLSFO) market weakened on Friday, while trade sources eyed lukewarm bunker demand this week. Cash premium for VLSFO extended declines for fourth trading session, closing at $8.25 a metric ton. Cargo trade was largely quiet, with trade...

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Drewry’s World Container Index decreased 11% to $3,445 per 40ft container this week. Our detailed assessment for Thursday, 23 January 2025 The Drewry WCI composite index decreased 11% to $3,445 per 40ft container, 67% below the previous pandemic peak of $10,377 in...

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The United States has clarified to India that tankers loaded with Russian oil have to discharge by Feb. 27 under the latest sanctions targeting Moscow’s oil revenue, India’s oil secretary Pankaj Jain told reporters at an event. Washington this month imposed sweeping...

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