Iron ore futures rose on Monday as near-term demand remained firm and the latest rate cut in top consumer China lifted sentiment, but gains were capped by caution on exactly how much boost the steel market would receive. The most-traded January iron ore contract on...

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Indian Register of Shipping (IRS), a globally recognized classification society, is proud to announce the signing of a Memorandum of Understanding (MOU) with SeaTech Solutions International (S) Pte Ltd, a Singapore-based maritime engineering and design firm. This MOU...

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ClassNK granted its ‘AFVC (Additional Fire-Fighting measures for Vehicle Carrier)’ notations to ‘TEXAS HIGHWAY’, a car carrier operated by “K” LINE for vessels equipped with additional firefighting measures for transporting electric vehicles (EVs). Shipping companies...

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Procureship, provider of the world’s leading digital e-procurement platform, has signed a deal with Norwegian shipowner and operator BW LNG to bring its platform to support the group’s procurement capabilities for its fleet of LNG carriers. The deal will enable BW LNG...

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The Global Centre for Maritime Decarbonisation (GCMD) and Hanwha Ocean today announced a five-year strategic partnership to advance maritime decarbonisation in the areas of alternative low-/zero carbon fuels, energy efficiency technologies, and onboard carbon capture....

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The weak position of China’s crude oil sector was underlined by September data showing a sixth consecutive monthly drop in refinery processing, leading to nearly 1 million barrels per day of oil being available for storage. China’s refineries processed 14.29 million...

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