MISC and Samsung Heavy Industries (SHI) have received Approval in Principle (AiP) from DNV for a jointly developed concept for a Floating CO2 Storage Unit (FCSU).

German carrier Hapag-Lloyd is reported to have failed to make the cut for the next stage in the sale of the South Korean government’s controlling share in the country’s largest shipping line HMM.

China Merchants Energy Shipping (CMES) has ordered a methanol dual-fuel VLCC, claimed to be the world’s first methanol-fuelled VLCC.

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.

Closure of the preliminary bids for HMM reportedly sees Hapag-Lloyd into the second round of the process, sparking a local debate on foreign ownership of the flag carrier.

Cosco Shipping Lines, Cosco Shipping Ports and OOCL are jointly launching initiative to promote the use of shore power as part of developing a green and low-carbon shipping industry.

Vessel inspection company for S&P transactions Idwal is expanding into Asia with a regional headquarters in Singapore.

Maersk Supply Service is to make around 130 redundant as it restructures its business to focus on offshore wind and offshore support vessels (OSVs).

AET has taken delivery of the first of three LNG dual-fuel VLCCs for long-term charter to Shell.

The rainy season continues to undermine weak Indian subcontinent markets suffering from a lack of tonnage and financing issues. As a result, prices continued to drift downwards last week with deals now under discussion at prices below $500 per...