The first ever survey and study to explore levels of diversity and inclusion across the shipping industry has been announced by the newly-formed Diversity Study Group.

The Diversity Study Group (DSG) is the first organisation dedicated to championing diversity and inclusion

Bunker costs per TEU are set to increase by over 50% from January 2020 as the IMO2020 rules force global container lines to switch to more expensive low sulphur fuels. Calculations by MDS Transmodal using its online BAF Calculator suggest

Frost & Sullivan’s latest analysis, Global Marine Coatings Market, Forecast to 2025, reveals that the increased development and adoption of more environmentally sustainable and durable antifouling coatings using higher priced chemistries such as silicones and fluorosilicones will propel revenues and

On July 11 MAN Energy Solutions, Daewoo Shipbuilding & Marine Engineering (DSME) and HSD Engine (HSD) have signed a strategic agreement to cooperate in the field of marine engine systems digitization. The signing took place in Copenhagen. Continuing a long

On 28 June 2019, the US Coast Guard published a new procedure for notification of non-availability of compliant fuel.

Effective as of 30 June 2019 all owners and operators operating vessels in the US ECA zones who are unable to acquire

VLCC
In the Middle East, as tensions remain, the market slipped further, albeit less than a point. Exxon fixed a Reliance re-let in the early part of the week setting the market for 280,000mt Middle East Gulf to the US

The technology group Wärtsilä has achieved a new technology benchmark with the introduction of the marine sector's first hybrid installation for a bulk carrier. This innovative system will be installed on the M/V ‘Paolo Topic', a bulk carrier built at

1. Effective immediately, owners and operators of vessels operating in the North American (NA) or U.S. Caribbean Sea Emission Control Area (ECA) that are unable to acquire sufficient MARPOL Annex VI compliant fuel oil at a foreign or U.S. port

LR has signed an agreement with COSCO Shipping LNG Investment (Shanghai) Co., COSCO Shipping Heavy Industry Co., Ltd, Jiangnan Shipyard (Group) Co., Ltd. (JN), Marine Design and Research Institute of China (MARIC), Shanghai Ship and Shipping Research Institute (SSSRI) and

VLCC
Rates in the Middle East arena softened by WS 1.5-2 points over the week, despite geopolitical tensions remaining. 270,000mt Middle East Gulf to China is now at WS 48 level. 280,000mt Middle East Gulf to US Gulf basis Cape