Japanese shipowner NYK says that along MTI and Elomatic it has completed concept designs for an ammonia-fuel ready Capesize bulker and a VLCC.

LNG shipping rates of $500,000 have hit the headlines but the reality is the spot market remains small and investors in the sector are attracted by its long-term fixed contracts.

China Petroleum & Chemical Corporation (Sinopec) and QatarEnergy have entered into a long-term liquefied natural gas (LNG) purchase and sales agreement for supplying four million tons of LNG to the Chinese company annually.

Two Bahri shipping units have signed MoUs with Saudi Aramco Base Oil Company (Luberef) to establish and enhance cooperation.

LNG shipping is seeing exceptional strength, already fueled by geo-political vagaries, and with the impact of winter weather patterns yet to be determined.

With the tanker market continuing to set new highs the question at Marine Money in New York was whether the party would continue, or indeed has even got into full swing yet.

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.