KR and SHI sign MOU to jointly develop 3-Cargo-Tank 174K LNG Carrier
OSLO : KR (Korean Register) signed a memorandum of understanding (MOU) with Samsung Heavy Industries (SHI) on June 4 at Nor-Shipping 2025 in Oslo to jointly develop a 174,000㎥ LNG carrier featuring three cargo
Sinokor expands crude oil transport, plans to sell half of bulk carrier fleet
SEOUL : The domestic shipping giant Sinokor Merchant Marine is reportedly pushing for the sale of half of its bulk carrier fleet that it currently operates. Analysts suggest this is in response to establishing
Samsara Shipping recognised as ‘Shipping Agency for highest liquid cargo traffic handled at JN Port during 2024-25’
NAVI MUMBAI : Samsara Shipping Private Limited has been awarded by the Jawaharlal Nehru Port Authority (JNPA) as ‘Shipping Agency for highest liquid cargo traffic handled at Jawaharlal Nehru Port in a year during
US Port fees on foreign ships to shake up trade flows, freight markets
NEW YORK : The US Trade Representative (USTR) has announced additional port fees on foreign vessels and marine equipment that mainly target Chinese shipping, which are set to alter trade flows and freight market
INTERCARGO meetings held in China with focus on safety and decarbonisation
GUANGZHOU : INTERCARGO, the International Association of Dry Cargo Shipowners, convened last week in Guangzhou for its semi-annual meetings, the first time the Association has held such an event in China. The meetings, hosted
Indian Govt. plans to spend $10 billion on homebuilt oil tanker fleet
NEW DELHI : Indian Government is planning to spend 850 billion rupees ($10 billion) to purchase 112 crude carriers through 2040, people familiar with the matter said, as the world’s third-biggest importer of oil
The University of Tokyo and 16 Organisations announce launch of Joint Research Initiative to achieve a Carbon-Neutral Society
TOKYO : ClassNK and 16 organisations—The University of Tokyo, IHI Plant Services Corporation, INPEX CORPORATION, ENEOS Xplora Inc., Kanadevia Corporation, Kawasaki Heavy Industries, Ltd., Kobe Steel, Ltd., JFE Engineering Corporation, JFE Steel Corporation, JERA
SHIPPING: Asia-US container rates flat to higher as capacity reduction offers support
LONDON : Rates for shipping containers were stable to higher this week as carriers have reduced capacity by 4-5% along the trade route amid efforts to stop the slide in prices, but capacity could