After a prolonged period of high rates, container freight rates have shown signs of stabilizing. This temporary relief comes as a reaction to various market factors, including adjustments in supply …
On July 12, 2024, Saipem announced the signing of a significant framework agreement with BP to support offshore activities in Azerbaijan. The agreement will see Saipem leveraging their extensive expertise …
The American Bureau of Shipping (ABS) has granted an Approval in Principle (AiP) for a new gangway design developed by Pengrui Marine Equipment Ltd. and COSCO Shipping Heavy Industry. This …
Shipyards
Explore the challenges facing the Japanese shipbuilding industry in 2025, including global competition, labor shortages, and rising costs. Discover how Japan responds with innovation, green …
Tsuneishi Shipbuilding has fully acquired its joint venture with Mitsui E&S, rebranding it as Tsuneishi Solutions Tokyobay. This move marks a strategic step in Japan’s …
Shipping Companies
Explore the top 10 tanker shipping companies in 2025 by fleet size and specialization. Discover key players in crude and product tanker fleets, market trends, …
June 2025 | Victoria, British Columbia — In a significant move to modernize its aging fleet and meet growing passenger demand, BC Ferries has announced the procurement of four …
Classification Societies
Classification societies are independent organizations that establish and maintain technical standards for the construction and operation of ships and offshore structures. They play a critical …
The International Association of Classification Societies (IACS) plays a pivotal role in maritime safety and regulation, with its member societies responsible for classing over 90% …
Marine Engines
MAN Energy Solutions has announced the upcoming delivery of the world’s most powerful two-stroke methanol engine, which is set to revolutionize the maritime industry. This …
A study confirms that scrubbers are the best option for reducing the environmental impact of bulk shipping, despite concerns over toxic wastewater discharge.
