Shipping

Bulker orders likely to show 23% decline

Shipyards in the world are expected to saw a 23% year-on-year decrease in bulker order intakes this year by winning newbuilds of 34m dwt. The Maritime Strategies International (MSI) noted, "Vessels larger than Capesize have take..

News > Shipping > 2024-10-29 09:35:22

Yard slots for LNGCs set to increase towards 100

The shipbuilding industry is expected to see an increase in the construction volume of LNG carriers in the future. Jean-Baptiste Choimet, the head of the French engineering firm GTT, recently shared insights during the company’..

News > Shipping > 2024-10-29 09:33:19

'TwinShip' project to aid in shipping decarbonization

A consortium, including technology group Wartsila, will develop a new system for the maritime industry which is aimed at improving access to reliable data to enable smarter shipping decisions related to decarbonising fleet operations. T..

News > Shipping > 2024-10-28 09:26:45

Idemitsu and MC team up for supply chain project

Idemitsu Kosan (Idemitsu) and Mitsubishi Corporation (MC) have agreed to jointly study the efficient operation of clean ammonia carriers and transshipment terminals, participation in ExxonMobil’s planned low carbon hydrogen and lo..

News > Shipping > 2024-10-28 09:22:10

OOCL enters charter areement with Seaspan

Orient Overseas Container Lines (OOCL) entered into charter agreements on 22 October 2024 with Seaspan, to charter six brand new 13,000 TEU container vessels for a maximum aggregate amount of RMB 11.2 billion. The expected delivery of t..

News > Shipping > 2024-10-28 09:16:25

Orders for PCs soar

For nine months (Jan-Sept), global shipyards built 293 Product Carriers (PCs), exceeding the annual record of 292 achieved in 2023, according to the UK-based maritime analysis institute, Drewry. The surge in new orders is driven by t..

News > Shipping > 2024-10-24 09:50:35

DRAX provides smart green shipping project fund

Renewable energy leader Drax Group (Drax) and Smart Green Shipping are partnering on a groundbreaking project, to develop and use innovative wind-assisted ‘FastRig’ technology, which will be used to help decarbonise the ship..

News > Shipping > 2024-10-24 09:01:06

3Q tanker order on record spree

The 3Q tanker order is on record spree. According to Simpson Spence Young (SSY), global shipyards built 187 vessels from July-September, which is 15.80m teu That is the highest ever recorded since the first quarter of 2006. Cl..

News > Shipping > 2024-10-22 09:38:30

Merchant vessel supply-demand outlook 'complex'

The supply and demand outlook for major merchant vessels (tankers, bulkers, containerships) appear to be complex. On the same period, orderbook for bulkers and tankers are forecast to go up while demand for containerships are the op..

News > Shipping > 2024-10-21 09:22:09

CO2 emission standardization of HD HMS to set out

HD Hyundai Marine Solution, one of HD Hyundai's affiliated companies responsible for providing maritime solutions, is setting out to establish an international standard that covers the CO2 emission management. HD HMS recently..

News > Shipping > 2024-10-17 09:36:22