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DNV and COSCO sign new class contract for methanol-ethanol ready KNOT shuttle tanker

OSLO : Classification society DNV has signed a new contract with Cosco Shipping Heavy Industry Zhoushan Shipyard (COSCO) during Nor-Shipping 2025 for the classification...

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...

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...

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...

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,...

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 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.,...

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...

Shipping data: UNCTAD releases new seaborne trade statistics

GENEVA : Maritime transport moves over 80% of goods traded worldwide. Country-level seaborne trade data is vital for shaping better transport, trade and investment...

Wisestella’s AI-Powered Behavioural Competency Tool helps Tanker Company secure landmark Charter

SINGAPORE : Wisestella, a leading provider of AI-powered maritime learning solutions to the tanker fleet, has announced that its technology has played a pivotal...
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