Author: Chief Editor

A slump in ocean shipping demand since U.S. President Donald Trump imposed a raft of new tariffs on trade partners earlier this year has helped send ocean container rates to their lowest since January 2024, threatening profits at major carriers including Maersk and Hapag-Lloyd.

ClassNK has issued an approval in principle (AiP) for a methanol fuel tank design concept developed by SRC Group. The certification demonstrates its feasibility from regulatory and safety perspectives.

The agreement aims to integrate advanced carbon-based technologies into the civil and military sectors, opening new frontiers in terms of lightness, safety, and operational capability.

nuclear, technology, LNG

U-Ming is the first Taiwanese shipowner to adopt Rotor Sails

The two newly ordered vessels are large chemical tankers with a cargo capacity of 38,000 tons.

Order to supply fuel cell systems for two hydrogen-powered bulk carriers for GMI Rederi AS highlights the strong momentum of the Marine System 225

The 14 vessels covered by this agreement will be delivered between Q3 2025 and Q2 2027.

The low-carbon methanol supplied this time was produced using a mass balance method

The Hammerhead FPSO will have the initial annual average production of 150,000 barrels of oil per day

The Dutch company will deliver its Piston-type steering gear and Atlantic-type rudders for these ships.

The operation took place at CHI Shanghai's shipyard terminal, where the COSCO Shipping Libra safely bunkered 2,100 tons of methanol fuel within 10 hours.