Today as part of London International Shipping Week, the UK Shipbuilding Skills Taskforce has published its report ‘A Step Change in UK Shipbuilding Skills’ and a supporting toolkit for shipbuilding employers ‘How to Leverage UK Skills Systems’. Dr Paul Little, Principal of City of Glasgow College and chair of the Taskforce, is launching the report […]
Now in its 17th year, Expomaritt Exposhipping Istanbul, organized on behalf of the Chamber of Shipping-Turkiye, will be held from 11-14 October 2023 and looks forward to welcoming members of the international maritime and shipping community. Being the center of finance and industry of Turkiye, Istanbul can be defined as a business hub for world […]
Coastal communities across the UK are set to benefit from over £80 million of government funding as the winners of the Zero Emission Vessel and Infrastructure fund (ZEVI) are announced – supporting economic growth and boosting the UK’s decarbonisation efforts. Announced at the start of London International Shipping Week – bringing together the world leaders […]
Total premium income for the London company market in 2022 was £44.071bn, a new report by the International Underwriting Association (IUA) has revealed. The figure represents an increase of around one quarter on the previous year when an aggregate of £35.654bn was recorded. The overall intellectual and economic premium for 2022 comprises £37.626bn written in […]
ClassNK, Consort Bunkers, Daihatsu Diesel Mfg., Daikai Engineering, and SeaTech Solutions International (S) have concluded a Memorandum of Understanding concerning a joint study on an ammonia-fuelled ammonia bunkering tanker. The MOU was signed by representatives of all five parties with the presence of an official from Maritime and Port Authority of Singapore at the Gastech2023 […]
ABS has awarded Approval in Principle (AIP) for Bumi Armada’s pioneering design for a floating carbon storage and injection unit (FCSIU). Bumi Armada’s FCSIU concept is a floating terminal capable of storing and injecting liquified carbon dioxide (LCO2) into depleted oil and gas fields or aquifers. This novel concept incorporates the ability to accept LCO2 […]
Lloyd’s Register (LR) and Shanghai COSCO SHIPPING LNG investment (COSCO), a subsidiary of China Shipping Corporation Limited, have signed a partner agreement for the intention of a new project that aims to formulate and assess the decarbonisation pathway for COSCO Shipping’s existing LNG carrier fleet. The intention was signed formally with a Letter of Intent […]
After a year of plunging ocean freight rates, carriers appear to have turned the tide on the key China to US West Coast trade, driving up spot rates by 73% since the end of June. The latest market data from Oslo’s Xeneta shows that long-term contracted rates on the corridor are also on a firm […]
