Decarbonisation of shipping is slowing, resulting in a growing gap between policymakers’ expectations and what the industry can deliver. Knut Orbeck-Nilssen from DNV said, ship scrapping rates are the first indicator. Despite h..
Given as much as 90% of international trade is transported across oceans, maritime safety is critical. Thirty years ago, the global shipping fleet lost around 200 large vessels a year. This total fell to a record low of 26 in 2023, a de..
Recent developments suggest a substantial increase in container ship orders among global shipbuilders. In May, the industry anticipated orders for over 50 container ships, surpassing $7.5bn in value, over the coming months. A month l..
In the first half of 2024, the number of tankers scrapped is set to hit an all-time low. According to BRS Group, a French ship brokerage firm, only two tankers were sold for scrap from January to the end of May this year. This record..
Marine robotics pioneer Ocean Infinity is actively pursuing the decarbonisation of its Armada fleet of lean-crewed, uncrewed and remotely operated vessels in alignment with its goal to achieve net-zero across the business by 2040. In..
The bulk of LNG carriers ordered in the first quarter are deployed in Qatar's fleet expansion program. QatarEnergy, which leads the project, plans to place additional orders, while a bunch of other companies are setting out to inves..
Remote, lean crewed, and autonomous ship operations are playing a more extensive role than ever before in the maritime industry. This paradigm shift is not only revolutionising the way ships are operated but also driving and being drive..
Amid exceptional growth in the volume of goods transported and surging demand, the PCTC orderbook has reached its peak. Some have suggested that PCTC deliveries may be exceeded, but this will not occur due to the shipbuilding industry..
A groundbreaking study on a new LNG carrier has emphasized the vital importance of alternative fuels, eco-friendly steel, and renewable energy in reducing greenhouse gas emissions over the vessel's life cycle. Carried out by Lloy..
LNG carrier and containership were still dominant in South Korean shipyards' new orders, accounting for 69% last 2023. Industry players see a decrease in orders for the two ship types led to a downturn in overall contracting. Acc..
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