The economic centre of gravity is slowly refocusing on regional developments in South America and Asia, and seeing the mature consumer markets lose out to the emerging economies, but that long-term change is slow and far from linear.

The council will involve youth in the group’s decision making and coordinate with external agencies on youth-related initiatives.

The World Shipping Council (WSC)’s director, US government relations, Joe Kramek will take the role of president and CEO of the liner shipping NGO in July when the long-serving John Butler is due to retire.

Eastern Pacific Shipping and Yinson GreenTech signed a letter of intent to collaborate on electrification of the shipping industry.

Norwegian ballast water system manufacturer, Optimarin, has acquired Hyde Marine, part of Italy’s Industrie De Nora as the company lays out its corporate development strategy.

Singapore forcecast methanol bunkering demand to exceed 1 million tonnes by 2030 and received a strong response to an expression of interest (EOI) to supply the fuel.

Four Newcastlemaxes and two Very Large Ammonia Carriers (VLACs) fitted with Ammonia dual-fuel engines are due for delivery from 2026.