The Panama Canal Authority (ACP) says that daily transit limits and draught restrictions will remain in place until next year and warns it could make additional transit reductions if the drought persists.

Cosco Shipping Specialized Carriers is to raise RMB3.3 billion ($452 million) to lease 29 pulp carriers and build one semi-submersible vessel.

The Panama Canal Authority (ACP) has announced the suspension of two special auctions for supers size vessels from 12 - 30 September 2023.

Singapore-based Winning International Group (WIG) has entered into shipbuilding contract with China’s CSSC Beihai Shipbuilding for the construction of two 325,000 dwt ore carriers.

In a growing trend of try to ensure zero carbon shipping of fossil fuels classification society ABS has granted Approval in Principle (AiP) for an ammonia-fuelled LNG carrier.

A Black Sea link to Ukraine’s Danube ports is set to quadruple its vessel transits in the coming weeks with the Romanian authorities expected to give the go-ahead to increase the vessel numbers.

Seacon is going to newly acquire two bulk carriers from Namura Shipbuilding for fleet upgrading.

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.