Shipping

3Q tanker order on record spree

The 3Q tanker order is on record spree. According to Simpson Spence Young (SSY), global shipyards built 187 vessels from July-September, which is 15.80m teu That is the highest ever recorded since the first quarter of 2006. Cl..

News > Shipping > 2024-10-22 09:38:25

Merchant vessel supply-demand outlook 'complex'

The supply and demand outlook for major merchant vessels (tankers, bulkers, containerships) appear to be complex. On the same period, orderbook for bulkers and tankers are forecast to go up while demand for containerships are the op..

News > Shipping > 2024-10-21 09:22:09

CO2 emission standardization of HD HMS to set out

HD Hyundai Marine Solution, one of HD Hyundai's affiliated companies responsible for providing maritime solutions, is setting out to establish an international standard that covers the CO2 emission management. HD HMS recently..

News > Shipping > 2024-10-17 09:36:22

NYK plans to boost investment in eco-friendly new ships

Japan's NYK Lines is gearing up to ramp up its investment in eco-friendly newbuilds starting in 2030 as part of its carbon reduction efforts. In a recent announcement at the TradeWinds Shipowners Forum in Tokyo, CEO Takaya Soga r..

News > Shipping > 2024-10-17 09:30:32

MOL to carry out survey work contract

Mitsui O.S.K. Lines, Ltd. today announced that it will be contracted by West Japan Carbon dioxide Storage Survey Co., Ltd., ENEOS Corporation , Electric Power Development Co., Ltd., and JX Nippon Oil & Gas Exploration Corporation to..

News > Shipping > 2024-10-17 09:17:06

Orderbook-to-fleet ratio increasing

Against the backdrop of a surge in freight rates driven by COVID-19, the global shipbuilding industry has rebounded sharply over the past two years. According to Greek Xclusiv Shipbrokers, as of September 2024, the orderbook-to-fleet..

News > Shipping > 2024-10-16 09:45:45

$155bn in NB makes 2024 fourth-highest year

The world's shipping companies invested $155bn in new vessels from January to September this year $155bn, setting a record for the fourth-highest annual ship orders ever. The amount of new investment conducted by global shippin..

News > Shipping > 2024-10-14 09:17:08

Bulker-tanker S&P contrast clearly shown

From Jan-Sept., bulker sales and purchase sustained a high momentum within the Sales and Purchase (S&P) market, while tanker sales and purchase ran low. Through its recent report published by Xclusive Shipbrokers, it noted the bu..

News > Shipping > 2024-10-11 09:14:40

TotalEnergies inks charter deal

TotalEnergies announced on October10 that it has signed a charter contract with Spanish shipowner Ibaizabal for a new Liquefied Natural Gas (LNG) bunker vessel of 18,600m3 capacity. This new vessel will expand the Company’s global..

News > Shipping > 2024-10-11 09:04:30

Maersk names dual-fuel methanol boxship

A.P. Moller – Maersk announced on September 9 that it has celebrated the naming of its latest dual-fuel methanol container vessel “Alexandra Maersk”. UK’s Maritime Minister Mike Kane, representatives of the IMO, ..

News > Shipping > 2024-10-10 09:06:38