Dalian Shipbuilding (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC), has kicked off construction of another LNG-powered 16,000 TEU containership for Swiss shipping giant Mediterranean Shipping Company (MSC). The construction of the ship began on 15 May with the steel-cutting cere
The retrofitting cost of an existing ship fitted with a two-stroke engine to a dual-fuel engine should not exceed 25 percent of the ship’s newbuilding cost, according to an assessment from DNV and MAN Energy Solutions. The duo carried out an analysis of how retrofitting the existing maritime fleet t
Compression is a viable alternative and low-cost delivery method for the regional transport of hydrogen, Australian Provaris Energy found in its latest report comparing the delivery cost of hydrogen for three hydrogen energy sectors. The 2023 Hydrogen Marine Transport Comparison Report, explores the
Prominent container shipping lines Ocean Network Express Ptd. Ltd. (ONE) and Wan Hai Lines, Ltd. and Wan Hai Lines (USA) Ltd. (Wan Hai) have paid a combined total of $2.65 million in civil penalties to resolve allegations of misconduct brought by the U.S. Federal Maritime Commission. Singapore-based
China Merchants Energy Shipping (CMES), listed on the Shanghai Stock Exchange, has announced plans to order additional Aframaxes and LNG carriers. The decision was made during the Twenty-Second Meeting of the Board of Directors, with the board approving the construction of two new-generation Aframax
Saudi Arabian mining company Ma’aden has exported its first shipments of low-carbon blue ammonia to China under its agreement with petrochemical producer Shenghong Petrochemicals. Ma’aden signed the agreement to supply 25,000 tonnes of blue ammonia to Shenghong Petrochemicals and on 18 May the first
Yangshan Port in China took the top position in the third edition of the global Container Port Performance Index (CPPI), despite periods of disruption caused by typhoons and various other factors in 2022. Developed by the World Bank and S&P Global Market Intelligence, the third edition of the CPPI i
Athens-based dry bulk shipping firm Star Bulk Carriers revealed that its vessel Star Pavlina was declared a constructive total loss due to its prolonged detainment in Ukraine. The detainment occurred in the wake of Russia’s military action against Ukraine on February 24, 2022, resulting in the vesse
South Korean shipping behemoth HMM has reportedly entered the fray in the race to acquire Hyundai LNG Shipping, the nation’s leading transporter of liquefied natural gas (LNG). Market reports indicate that HMM has made its intentions known to IMM Private Equity, expressing its desire to conduct due
South Korean shipbuilder Hyundai Mipo Dockyard Co. has secured a lucrative order worth 117.3 billion won ($87.6 million) to construct two product carriers for an unnamed African shipper. According to a regulatory filing from today, Hyundai Mipo Dockyard will construct these petrochemical product-car
The world’s largest container shipping company Mediterranean Shipping Company (MSC) has signed a Memorandum of Understanding (Mou) with Lloyd’s Register (LR), Shanghai Merchant Ship Design & Research Institute (SDARI) and MAN Energy Solutions (MAN-ES) for a design for the ammonia dual-fuel operation
The International Maritime Organization (IMO) International Day for Women in Maritime is celebrated annually on the 18th of May and aims to honour women in the industry and encourage recruitment, retention and continued employment in the sector. This is the second International Day for Women in Mari
In a groundbreaking milestone for the global shipping industry, Mediterranean Shipping Company (MSC) has emerged as the first ocean carrier to surpass a staggering 5 million TEU (twenty-foot equivalent units) in fleet capacity, as confirmed by analysts at Alphaliner. The impressive feat highlights M
Artificial Intelligence and the advent of automated ships will pose difficult questions in determining liability under the Hague Rules for maritime casualties, the 2022-2023 chairman of the Association of Average Adjusters, Sir Nigel Teare, cautions. Sir Nigel drew attention to a recent case involvi
