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Jinjiang Shipping Sets Sights on Shanghai Stock Exchange for a Major Step Forward

Economy, News /

Jinjiang Shipping, the maritime division of the Shanghai International Port Group (SIPG), has unveiled its ambitious plan for going public on the Shanghai Stock Exchange. The move is seen as a significant stride in the carrier’s expansion within the intra-Asia maritime sphere. Preparations for a Significant Public Offering Jinjiang Shipping revealed its plans to float […]

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A New Wave of Electric Harbor Craft: Singapore Leads The Way 

News, Technology /

Singapore’s Maritime and Port Authority (MPA) has decided to ring in a new era for the maritime industry by seeking innovative proposals for entirely electric harbor craft. A recent statement reveals the authority’s aim to revolutionize harbor activity and drastically reduce marine pollution. Charting a Course Towards Sustainable Harbors  The issuance of the expression of

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An Epoch in Maritime Fuel: Peninsula’s First Biofuel Bunker Delivery 

Logistics, News /

Peninsula, a world-renowned marine fuel supplier, and trading firm, has achieved yet another milestone with its first delivery of a biofuel bunker to Norden, a globally recognized shipping company. Utilizing a B24 blend, the cargo, La Luna, at Gibraltar received a unique concoction of 24% biofuel, extracted from used cooking oil, and Very Low Sulphur

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Unfit to Sail: Antigua Barbuda-Flagged Vessel Barred from Australia’s Seas over Serious Safety Lapses

News, Policy /

Establishing Maritime Security: An Unexpected Ban Australia’s commitment to maritime safety has culminated in the banning of an Antigua Barbuda-flagged general cargo ship because of significant safety deficiencies. The Australian Maritime Safety Authority (AMSA) issued an expulsion order lasting 180 days, affecting the Briese Heavylift GmbH & Co vessel, BBC Pearl. This move stems from

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Unveiling Dangerous Fuel Contamination Discovered in Huston

Energy, News /

Warning Sirens: VPS Spotlights Marine Fuel Contamination The spotlight is now being firmly cast on VPS, a pioneering worldwide advisor in marine decarbonization services, following its recent discovery of a significant marine fuel contamination issue in Houston. The firm, through its fuel testing services, unearthed alarmingly high levels of Dicyclopentadiene (DCPD) and associated isomers in

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Unmasking the Hefty Price Tag: EU Emissions Trading System’s Impact on Shipping

Logistics, News /

Forecasted Effect of the Emissions Trading System From 2024 onwards, the European Union’s Emissions Trading System (ETS) will incrementally be phased into the shipping industry, triggering a deluge of debates on its potential impact. In a recent report, Hecla Emissions Management, a consultancy established by Wilhelmsen Ship Management and Affinity Shipping, revealed that the shipping

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Harnessing the Wind: Taiwan’s First Domestically-built Turbine Installation Vessel 

News, Technology /

Revolutionizing the renewable energy sector, Taiwan proudly launched its first domestically crafted wind turbine installation vessel, the Green Jade. This high-capacity vessel is aligned with the green initiatives that the industry is moving towards and sets new standards for sustainability and effectiveness. Designed to carry the next generation of large wind turbines, its strategic capabilities

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Tension Rise with Oil Prices: A Firm Glimpse at the Trading Week

Economy, News /

Wrapping up the trading week with an unexpected twist, oil traders sent prices skyrocketing nearly 3% to their highest in over two months, fueled by a creeping tension over an increasingly tight global supply. The oil market was left buzzing when Brent reached an impressive $78.47 per barrel, a high unmatched since May 1, marking

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Heading towards Safer LNG Storage: The Collaborative Pursuit of Svanehøj and Engie Lab Crigen

Energy, News /

Svanehøj and Engie Lab Crigen are strategically collaborating to advance safety measures for Liquified Natural Gas (LNG) storage in Floating Storage and Regasification Units (FSRUs). Identifying the potential dangers of stratifications and roll-overs during the storage of LNG in a cryogenic state, these two entities are determined to combat them through their partnership. Their collaboration

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Charting a Greener Course: The International Maritime Organization’s Pledge for Cleaner Oceans

News, Policy /

Green Shipping: An Investment Goldmine  At the International Maritime Organisation (IMO), a basic framework has been established. Its pivotal focus – is to curb greenhouse gas (GHG) emissions from maritime transportation. Based on ZESTA Secretary General, Madadh Maclaine’s words, this crucial decision will instill faith in investment funds, encouraging them to pour finances into the

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