Singapore-based Eastern Pacific Shipping has thrown its weight behind ammonia dual-fuel propulsion systems for a series of Newcastlemax bulk carriers and very large ammonia carriers (VLAC) to be built in China.

Fortescue Metals Group believes methanol dual fuel vessels will simply run on fuel oil and is strongly committed to using ammonia to eliminate fossil fuels from its shipping and transport operations.

The South Korean shipbuilder Hyundai Samho Heavy Industries, a subsidiary of HD Hyundai, has delivered the world’s first vessel equipped with an AI-based engine automation system.

As a second ship has made its escape from the war in Ukraine, the Kyiv government is struggling to agree a new insurance deal that will underwrite vessels using the new corridor.

Shipping lines, shippers, and governments are working together to combat the global issue of pests carried in containers and bulk cargoes that can cause billions of dollars in crop damage.

Seasonal controls for invasive species in both bulk and containerised cargoes will be applied by Australia and New Zealand from next month.

Singapore shipowner Pacific Carriers Ltd (PCL) celebrating its 50th anniversary this year is best known for its dry bulk business, but more recent years has also moved into the product tanker sector where it sees further opportunities.

An 81,000 dwt bulk carrier fitted with rigid sails on two masts has left China en route to Brazil, but WindWings designer BAR Tech said that an even larger vessel is about to make its maiden voyage.

A healthy tanker market, with its tremendous cash flows in 2022, has resulted in a surge of vessel sale and purchase (S&P) activity in 2023.