Cosco Shipping Holdings and Cosco Shipping Heavy Industry (Yangzhou) have agreed to upgrade the power system of four 16,180 teu containerships under construction from single-coventional-fuel-powered to methanol dual-fuel powered with extended delivery period during November 2025 and June 2026. In order to meet the relevant…
The trade in sanctioned Russian oil has shifted from Greek waters to eastern Morocco in the Mediterranean, according to Bloomberg. Determined efforts by the Greek coast guard has pushed tankers transferring sanctioned Russian oil out into the Mediterranean Sea to…
[By Ned Molloy] At a March meeting of the UN International Maritime Organisation (IMO) in London, a majority of member states expressed support for a levy on greenhouse gases emitted by the global shipping industry. This fee – along with a fuel…
Future fuels, newbuilding moves, and how to improve the ships of today were at the fore in the opening panels at this year’s gathering of shipping heavyweights at Capital Link the first of the big conferences in Athens as part…
The rapid transformation of the quayside at Tanzania’s largest city is set to shake up trading patterns in East Africa. Following DP World’s concession win last October, a consortium led by India’s largest port operator Adani Ports has also just been…
More shipyard capacity will be required in the coming decade, both for newbuilds and retrofits, according to an influential new magazine published at Posidonia in Athens today. Class society ABS released its 150-page 2024 Outlook today, the sixth in an…
Hot on the heels of X-Press Feeders’ order for four methanol-ready containerships at Shanghai Waigaoqiao Shipbuilding, other owners are returning to China for more newbuild tonnage as rates continue to rise to the next highest level seen outside container shipping’s…
New final destinations for ships are opening up with both Egypt and Brazil looking to get into the ship recycling sector. Egypt’s transport ministry has signed a memorandum of understanding with El Wehda Industrial Company to develop a shipbreaking yard…