With global carbon capture and storage markets poised for rapid expansion, a corresponding scale-up of the CO₂ carrier fleet is needed. A DNV white paper explores the key considerations in the design, construction and operation of CO₂ carriers. Carbon capture and...

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Global Perspective Global coal demand reached 8.79 billion tons in 2024, marking a new record. According to the IEA’s Coal Mid-Year Update 2025 (July, 2025), consumption is expected to plateau at similar levels in 2025, reflecting a critical shift. In China, coal...

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The VLCC tanker market has shown significant strength over the past couple of weeks. In its latest weekly report, shipbroker Xclusiv said that “the VLCC market has shifted gears in September. On our Baltic series, the benchmark rose from about USD 45,155/day on 1...

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ClassNK has released new guidelines for those involved in container shipping, aiming to enhance the efficiency of container stowage while ensuring safety measures such as preventing cargo collapse. These guidelines apply the latest expertise in weather forecasting,...

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Global shipping rates have shown their steepest decline in a decade, deepening concerns within the domestic shipping industry. According to statistics from the National Logistics Information Center on Sept. 24, the Shanghai Containerized Freight Index (SCFI), which...

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AVON, OHIO headquartered manufacturer Advanced Polymer Coatings (APC) has completed a tanker recoating contract for Spanish headquartered shipping line Marflet Marine. APC has applied its industry-leading MarineLINE protective tank coating to the 49,999 DWT PANAGIA...

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