The first trade executed on the new Singapore FOB Marine Fuel 0.5% (Platts) futures contract was brokered on the basis of $200 spread with high sulphur fuel (HFO) for December…
Ofer’s Eastern Pacific Shipping has condemned the seizure of its aframax the Barents Sea by armed militia at port Cameroon in an apparent commercial dispute.
K Line and Kobe Steel are trialling a system that converts waste heat from the engine exhausts to generate electricity.
Taiwan-based container ship operator TS Lines plans to expand its core business from mainland to Asia and upgrade its fleet.
The expanded Panama Canal saw container trade switching from the US West Coast calls, with landbridge connections inland, to calls on the East Coast, however, higher fuel costs associated with…
Mitsui OSK Lines (MOL) has carried out a test operation of the first bunkering of LNG fuel with LNG-powered tugboat Ishin in Japan’s Sakai Senboku port in the Kansai region.
The OSV sector will need another five years for the supply glut to deflate as the market struggles through its worst recession that started five years ago, according to M3…
Liang Xiaolei (Simon Liang), former chairman and ceo of Chinese private shipyard company Sinopacific Shipbuilding, has been arrested by Myanmar police over tax issues.
Japan’s Asahi Tanker Co and Exeno-Yamamizu Corporation Tokyo have jointly developed an electric zero emissions bunker tanker set for commercial launch in the last quarter of 2020.
South Korea’s Hyundai Heavy Industries (HHI) has expressed interest to buy its smaller rival Daewoo Shipbuilding & Marine Engineering (DSME), the local media has reported.
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