China Merchants Energy Shipping (CMES), BHP and DNV have signed a Memorandum of Understanding (MOU) to collaborate on the creation of a verified voyage data-sharing infrastructure, to support improved industry value chain greenhouse gas (GHG)...

The container and dry bulk sectors are the most vulnerable to risks from the world economy but uncertainties prevail in other sectors too.

Greek shipowners are continuing to renew their fleet as more newbuilding contracts emerge. As of mid-October some 234 tankers, bulkers, containerships and gas carriers were contracted along with three pure car carriers.

Chemical tanker company Christiania Shipping announced it will roll out Frugal Propulsion systems across its entire fleet after a successful two-ship trial.

The Djibouti-flagged VLCC Young Yong which grounded in Indonesia waters of the Singapore Strait on 26 October has been blacklisted by the US as part of network supporting Iranian oil shipments in breach of sanctions.

There is concern over an increased risk of tanker accidents from a growing ‘dark fleet’ involved in sanctions busting following two recent incidents.

Tanker and sale and purchase broker Galbraiths and dry bulk specialist IFCHOR are set to merge with a share for share agreement that is expected to close within the next few weeks.

CCS, has jointly launched the Sustainable Shipping Innovation & Development Initiative with Sinopec, COSCO Shipping Energy Transportation, China Merchants Energy Shipping and ICBC Financial Leasing.

Tanker giant Euronav announced a strong set of quarterly results and has a positive outlook for the large tanker market based on "strong fundamentals".

MISC, NYK, K-Line and China LNG Holdings have ordered a further five LNG carrier newbuildings for long-term charters to QatarEnergy.