For the 10th year in a row, Singapore ranks first in the Xinhua-Baltic International Shipping Centre Development Index (ISCDI) Report. Published jointly by Chinese state news agency, Xinhua, and global maritime data provider, Baltic Exchange, the report lists Singapore as the global leading maritime centre, followed by London and Shanghai. The island nation scored 95.32 […]
Today, the International Chamber of Shipping (ICS), the global trade association for shipowners, which represents over 80% of the world merchant fleet, has announced the inauguration of a new ICS Representative Office in Shanghai. This strategic move follows the admission of the China Shipowners’ Association as a Full ICS Member in January 2023 and extends […]
The Cyprus Shipping Chamber participated at the European Shipping Summit held on 19 and 20 September 2023, in Brussels through its Director General, Mr. Thomas Kazakos, organised by the European Community Shipowners’ Associations (ECSA) and other European shipping stakeholders. The Summit which is considered as one of the most important maritime events in Europe, gathered […]
ABB will deliver a comprehensive power, propulsion and automation system for two newbuild short-sea container ships of the global logistics company Samskip Group headquartered in Rotterdam, Netherlands. The vessels will be among the world’s first of their kind to use hydrogen as a fuel. Financial details were not disclosed. The order was booked in the […]
The Cruise Division of MSC Group today confirmed firm orders for two hydrogen-powered vessels for its luxury travel brand Explora Journeys with the Italian shipbuilder Fincantieri and pledged to continue its push towards a net zero-carbon emissions target by 2050 by investigating additional new and advanced environmental technologies for the luxury ships. The deal completes […]
Leading maritime operational and safety technology company Danelec has launched Danelec Connect, a new digital platform designed to boost operational efficiency, safety and sustainability through significantly enriched Ship Performance Monitoring. The platform was unveiled at the StormGeo Exclusive Shipping Advisory Board APAC in Singapore this week. A powerful cloud- based solution, Danelec’s new software is […]
During the first eight months of 2023, contracting of product tanker newbuilds hit a 10-year high, reaching 140 ships and 10.72 million deadweight tonnes (see Clrksons graph). “The last time more than 10 million DWT were contracted from January through August was in 2013,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. Newbuild contracting activity […]
The unwinding of supply chain inefficiencies and rising vessel orders are set to dampen positive deadweight demand in the dry bulk market according to Maritime Strategies International. COVID-related supply chain inefficiencies and associated port congestion have almost fully unwound and while the MSI outlook on the prospects for trade volumes this year is considered positive, […]
Posidonia Exhibitions, organisers of the biennial Posidonia event in Athens, is launching the Posidonia Masterclass in Shipping online course, available at www.PosidoniaMasterclass.com. The Posidonia Masterclass in Shipping, powered by Naftika Chronika, is an online educational platform that delivers a series of pre-recorded lectures, delivered by distinguished shipowners, managers and executives, providing a comprehensive overview of […]
A new white paper published by maritime performance management expert Opsealog has shed light on the central role of data in boosting fuel efficiency and reducing greenhouse gas emissions from offshore support vessel (OSV) operations. The report details a series of recommendations that can help operators secure immediate gains in fuel efficiency and reduce the […]
