News Flash

First Demonstration In Korea Of Marine Ammonia Engine Combustion Technology: Reduces Carbon Dioxide Emissions By 50%, A Promising Signal For A Shipbuilding Powerhouse

MW-class marine engine combustion technology that uses ammonia, a future renewable energy source, as fuel will be applied on-site for...
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Sanctioned Russian tanker transfers Urals crude oil to another ship off Malaysia

Oil tanker SCF Primorye, owned by Russian state shipping company Sovcomflot and sanctioned by the United States, transferred 1 million...
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Asia Fuel Oil-Spot VLSFO market extends fall on multiple spot offers

Spot premiums for Very Low Sulphur Fuel Oil (VLSFO) extended declines on Monday as selling interest persisted with multiple spot...
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Ammonia cuts shipping GHG emissions by up to 61%

The study is part of a series on Greenhouse Gas (GHG) emission studies in the maritime sector to reflect ongoing...
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Strategic Marine (S) Pte Ltd Signs Contract With Ventus Marine Ltd For Four (4) 27m Crew Transfer Vessels For Asia And Europe

Strategic Marine, a leading aluminium shipbuilder, is pleased to announce the construction of four 27m Z-Bow Crew Transfer Vessels (CTVs)...
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Two vessels catch fire after missile strikes off Yemen’s Aden

Two ships caught on fire after being hit by projectiles off Yemen’s Aden, two UK maritime agencies reported on Sunday....
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Maersk had cargo onboard freight train in Czech railway accident

Shipping group Maersk said on Friday the freight train that collided with a passenger train in the Czech Republic on...
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Jumbo Offshore wraps up monopile removal works in Taiwan

Jumbo Offshore has completed the removal of two monopiles on the Offshore Wind Farm (OWF) Yunlin in Taiwan. The Jumbo...
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China’s May coal imports rise 11% on lower domestic output

China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday,...
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ABS Issues AIP for ECOLOG’s Low-Pressure 40,000 m3 Design for LCO2 Carrier

ABS issued an Approval in Principle (AIP) for a low pressure, shallow-draft, low carbon footprint 40,000 cbm Liquid Carbon Dioxide...
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International law crucial for robust shipping sector, says Hadjimanolis in Athens

Deputy Minister of Shipping Marina Hadjimanolis on Thursday, during her visit to Athens, highlighted the importance of cooperation, compliance, and...
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China Takes Orders for 54 Ships vs. Korea’s 2 in May

The Korean shipbuilding industry’s share of global shipbuilding orders plummeted to less than 10 percent in May. This was blamed...
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Russian tanker group Sovcomflot expects sanctions to cut 2024 revenues

Russia’s leading tanker group Sovcomflot said western sanctions and changing market conditions may cut its revenues this year, a rare...
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IMO presents pathway to net-zero shipping at Bonn climate talks

The International Maritime Organization (IMO) has outlined its latest progress and plans to decarbonize global shipping by or around 2050,...
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Asia High-Sulphur Fuel Oil market to take a breather in strong rally

A rally in Asia’s High-Sulphur Fuel Oil (HSFO) market, boosted by lower Middle East exports and OPEC+ cuts, is expected...
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Norden: Expanding the strategic position in Capesize

During the first two months of Q2 2024, NORDEN has made four transactions, focusing on expanding the strategic position and...
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China’s May iron ore imports above 100 metric tons for third month

China’s iron ore imports in May stayed above 100 million metric tons for a third straight month, customs data showed...
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Baltic index logs weekly gain on larger vessel rates

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose for the second...
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Danish Shipping and The Emirates Shipping Association sign agreement on closer future cooperation

The two shipping associations have signed a Memorandum of Understanding (MoU) outlining intentions for closer future cooperation in the field...
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Easier EEDI process: DNV validates Norsepower’s new EEDI/EEXI calculation method

Norsepower, the global market leader in mechanical sails, has presented a revolutionary calculation method, validated by the leading classification society...
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