The Chinese shipbuilding industry is undergoing rapid growth due to high demand for new vessels and increasing global shipping needs. Major shipyards are heavily investing in expanding their production capabilities to build various vess..
New LNG carrier orders are expected to rise every year by the middle of 2030 against a backdrop of firm demands for newbuilds, and the current high price of vessels is likely not to decrease easily, an industry expert forecasts. Over..
Some experts voice their opinions of worry on whether more stringent environmental measures would be put in place by the IMO, as the shipping companies are going full throttle in expanding their orderbooks for boxships. Containership..
Decarbonisation of shipping is slowing, resulting in a growing gap between policymakers’ expectations and what the industry can deliver. Knut Orbeck-Nilssen from DNV said, ship scrapping rates are the first indicator. Despite h..
Given as much as 90% of international trade is transported across oceans, maritime safety is critical. Thirty years ago, the global shipping fleet lost around 200 large vessels a year. This total fell to a record low of 26 in 2023, a de..
Recent developments suggest a substantial increase in container ship orders among global shipbuilders. In May, the industry anticipated orders for over 50 container ships, surpassing $7.5bn in value, over the coming months. A month l..
In the first half of 2024, the number of tankers scrapped is set to hit an all-time low. According to BRS Group, a French ship brokerage firm, only two tankers were sold for scrap from January to the end of May this year. This record..
Marine robotics pioneer Ocean Infinity is actively pursuing the decarbonisation of its Armada fleet of lean-crewed, uncrewed and remotely operated vessels in alignment with its goal to achieve net-zero across the business by 2040. In..
The bulk of LNG carriers ordered in the first quarter are deployed in Qatar's fleet expansion program. QatarEnergy, which leads the project, plans to place additional orders, while a bunch of other companies are setting out to inves..
Remote, lean crewed, and autonomous ship operations are playing a more extensive role than ever before in the maritime industry. This paradigm shift is not only revolutionising the way ships are operated but also driving and being drive..
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