During the first three months of 2024, Chinese shipowners dominated the sale-and-purchase market. According to Veson Nautical, China spent over $2.3bn in purchasing a total of 74 vessels, which is nearly three times the amount spent ..
Stena Bulk announced on April 18 that the company has sold 'Stena Blue Sky' to an undisclosed Asian buyer. The sale of Stena Blue Sky follows the recent announcement that Stena Bulk had sold two LNG carriers to BW LNG. The..
Euroseas announced on April 18 that the company signed a time charter contract for its 1,740 teu feeder containership, M/V EM Hydra, for a minimum period of ten to a maximum period of twelve months at the option of the charterer, at a g..
Eastern Pacific Shipping (EPS) has signed Memorandums of Understanding (MoUs) with the Maritime and Port Authority of Singapore (MPA) and classification societies, Lloyd’s Register and ABS, committing six of its Ammonia dual-fuel ..
It turned out that the Navig8 Exceed entered Navig8 ownership this April, the second of six newbuild MR vessels due for delivery by 2025 from New Times Shipbuilding Co. Ltd. All six vessels are installed with an air lubrication syste..
ClassNK has commenced joint research with the Japan Aerospace Exploration Agency (JAXA) to establish an evaluation method for the compatibility of ship materials with liquefied oxygen (LOX). The aim is to contribute to suppressing fire ..
With future tanker deliveries at a low point, industry experts are optimistic about the shipping outlook ahead. The tanker sector has one of the lowest ratios between existing fleets and orders, with very few new deliveries expected...
Hanwha Ocean announced on April 12 that the South Korean mammoth shipbuilder has established Hanwha Shipping LLCwith the goal of playing a role as a verification platform for eco-friendly and digital ship technologies. The founding b..
NYK will supply fuel ammonia at the end of May to an NYK-owned ammonia-fueled tugboat ("A-tug") scheduled to be completed in June. A ceremony marking the announcement was held on April 10 at Sea Japan 2024, an international ev..
Maersk, a global leader in integrated container logistics, achieved a milestone as the large methanol-enabled vessel "Astrid Mærsk” berths at Yangshan port in Shanghai, for the first green methanol bunkering with simult..
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