Corvus Energy, the leading supplier of zero emission solutions for the offshore and marine industry, is proud to announce that it will deliver a mega-size battery system for the first fully electric offshore vessel ever to be built. The vessel is an electric Commissioning Service Operation Vessel (eCSOV) that will be constructed by Armon shipyard ...

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose for the third consecutive session on Tuesday, supported by gains in panamax and supramax vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 15 points to 753 points. ...

To mark the Lunar new year, we take a look at the Chinese newbuilding orderbook, using VesselsValue data. The infographic highlights the Chinese orderbook by top Chinese ordering companies and insight into the ships currently being built at Chinese yards. Of the top Chinese companies ordering vessels last year, China Merchants Shipping ranks first, with ...

A delay in tariffs on Mexico imports does little to ease the pain for US shippers still facing a 10% hike on tariffs from China in addition to massive increases in ocean container freight rates due to conflict in the Red Sea. Latest data from Xeneta – the ocean and air freight intelligence platform – ...

Spot premiums for Asia’s high sulphur fuel oil (HSFO) market extended declines on Tuesday as softer offers emerged, while broader sentiment remained uncertain. Russia is likely to continue exporting usual volumes of its HSFO barrels, which will eventually find their way to the receiving markets, according to industry sources. Slower Chinese import demand also capped ...