Category: Shipping

April 18, 2024

In line with the goals of the International Maritime Organization (IMO) and international energy and climate targets, the MPA and IEA will collaborate to advance the development and transition to zero and near-zero emission fuels, technologies that support maritime decarbonization, […]

April 17, 2024

According to Sea Machines, the company’s first turnkey autonomous vessel SELKIE will be deployed for hydrographic surveying, offshore asset inspection, security operations, and environmental studies. The first model was named SELKIE 7, a seven-meter-long USV powered by the company’s SM300 […]

April 12, 2024

The modern supply chain is a complex dance, with information flowing between numerous functions and disparate systems. Yet, all too often, this choreography is hampered by fragmented data trapped in silos, impeding visibility and hindering efficiency. To achieve true unification […]

April 9, 2024

The “compelling” tanker orderbook augurs well for freight rates for the coming couple of years, according to multiple researchers. The tanker sector has one of the lowest extant fleet to orderbook ratios, and a minuscule delivery schedule. According to data […]

April 3, 2024

Eastbound trans-Pacific ocean container spot rates plunged again this week as container ship capacity on the trade lane recovers and volumes reset at a lower level than they were pre-Lunar New Year. The Freightos Baltic Daily Index spot rate for […]

April 1, 2024

The launch event was held on March 27, 2024, at the Clifford Pier, and according to Pyxis, was attended by 300 guests, including representatives from Maritime and Port Authority of Singapore (MPA). MPA congratulated Pyxis on its social media, noting […]

March 28, 2024

The steel-cutting ceremony for the 174,000 m3 LNG carrier H1909A of PetroChina International was held at Hudong-Zhonghua Shipbuilding on March 4. This carrier is of the second series in the LNG Phase III project of COSCO and PetroChina, part of […]

March 25, 2024

This marks a step forward in the legal process towards adopting global regulations, referred to as “mid-term GHG reduction measures”, that will help achieve the targets contained in the 2023 IMO Strategy on the Reduction of GHG Emissions from Ships. […]

March 21, 2024

According to Rem, the ESCV will use a number of solutions where energy consumption is almost halved compared to comparable tonnage in today’s market, as well as meeting future requirements for zero emissions from end to end. “This is a […]

March 19, 2024

A key partner in the €24.5 million round is French boat maker Groupe Beneteau. As explained, the new investment round will help to scale up production to meet demand for the recently launched Candela P-12, described as the world’s first […]

March 15, 2024

Ulstein said that the SX232 is based on three core principles, including an optimized hull design based on the Ulstein Twin X-Stern, a smart power and propulsion system developed to minimize energy consumption during DP operations and an integrated energy […]

March 14, 2024

Alack of large vessels, available for demolition, has remained the norm over the past week. In its latest weekly report, shipbroker Best Oasis (www.best-oasis.com), said that “the ship recycling markets across India, Bangladesh, Pakistan, and Turkey showcased varied dynamics. India’s […]

March 12, 2024

The product tanker market could see a rebalancing, as a result of shift in gasoline flows. In its latest weekly report, shipbroker Intermodal said that “the global gasoline market is in flux as major producers take steps to manage supply […]

March 11, 2024

The tanker market could be set for another shift, if Russia’s oil exports force buyers in China and India to look elsewhere. In its latest weekly report, shipbroker Gibson said that “with OPEC+ set to roll over existing production cuts […]

March 8, 2024

The minefield shipping faces in avoiding dealing with sanctioned entities has become far more treacherous in recent years. Exclusive data provided to Splash shows that the number of vessel-related sanctions has leapt by 380% in the 2020s so far. Splash […]

March 7, 2024

Marsh McLennan, the major global professional services firm specializing in risk, strategy, and human capital, has collaborated with the Ukrainian government and Lloyd’s to announce a significant expansion of its Unity insurance facility. This expansion entails the provision of affordable […]

March 6, 2024

The ship recycling market is still in bearish mode, despite the fact that cash buyers are looking for more demo candidates. In its latest weekly report, Best Oasis (www.best-oasis.com), the world’s leading cash buyer of ships, said that “the ship […]

March 5, 2024

Sailing speeds of older ships in particular have slowed down considerably, as a result of the latest emission reduction rules. In its latest weekly report, shipbroker Intermodal said that “the integration of the Energy Efficiency Existing Ship Index (EEXI) and […]

March 1, 2024

With tight supplies of LNG constraining growth while maintaining prices and price volatility above historic averages, the UK oil major highlights that demand for natural gas has already peaked in some regions but continues to rise globally, after the global […]

March 1, 2024

Utilizing data from Container Trade Statistics (CTS) on the movement of full containers between regions, Sea-Intelligence estimated the corresponding trends in empty container movements. Empty container volumes, when compared to 2019 levels to mitigate the effects of pandemic-related volatility, have […]