09 JAN 2022  China has taken the number-one spot in shipbuilding, overtaking South Korea for annual order volume by compensated gross tons (CGT), according to data released Sunday by Clarksons. Over the span of the year, China’s shipbuilders raked in orders totaling about 22.8 million CGT, almost exactly 50 percent …

07 JAN 2022  An energy-saving device attached to the propeller of ships developed by MOL three and half decades ago has entered the Guinness World Records as a global best-seller.  Japan’s Mitsui O.S.K. Lines (MOL) announced that propeller boss cap fins (PBCF) sold by its subsidiary MOL Tech has been …

06 JAN 2022  Economic growth is the aim of many policies. Still, economic growth is also the ultimate cause of pollution and climate change. A growing consensus of activists and scientists calls for ending economic growth and even “de-growth” in rich countries – pointing to the urgent need to protect …

05 JAN 2022   Indonesia has cut off all exports of thermal coal for the month of January, reducing ton-mile demand for the dry bulk sector – and limiting the list of sources for China’s coal import needs.  The policy measure is intended to address a coal shortfall on Indonesia’s …

04 JAN 2022  Evergreen Marine Corp (EMC), the Taiwanese ocean carrier, is reportedly handing out generous annual bonuses after a great year for the company’s finances. Some employees are reportedly receiving a princely sum equal to 40 months’ salary. Buoyed by a surge in container freight rates, shipping companies witnessed …

04 JAN 2022 US officials regularly present China as an aggressive and expansionist military power while Chinese state sources criticize the United States in similar terms. The verbal sparring has only increased concern about the prospect of a future war between China and the United States, with Australia as a likely participant on the …

03 JAN 2022 What is it? VV’s automated Position List allows users to see which vessels are available to pick up cargo at any global location with the click of a button. The service complements the traditional position list through providing an alternative and instant, objective and data driven view …

02 JAN 2022  After a Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has ordered Shell to keep its massive Prelude LNG offshore gas facility shut down until it can prove that it has made safety improvements. Earlier this month, a small fire in an electrical compartment knocked …

  02 JAN 2022 Twice a week, 50-year-old Brajasundari loads a collection of jerrycans onto a pedal cart, climbs aboard and travels three kilometres from her village Kanchrahati to buy water. Millions of women in arid and semi-arid regions of South Asia would call her lucky; they must do this …

01 JAN 2022  As if to prove that the scourge of piracy is far from over despite the reports of the significant decrease in the Gulf of Guinea region, a new attack occurred overnight. It appears that one crew member was killed during the attack and as many as six …