Shipping News

Based on data recently released by the NGO Shipbreaking Platform, almost 443 ocean-going commercial vessels and offshore units were sold for scrapping in 2022.

The coast guard declared on Monday that South Korea has reportedly arrested an oil broker for supplying about $14.7 million allegedly worth of diesel fuel to North Korea with zero government approval.

China continued to be the leading shipbuilder in the world in 2022, securing the largest market share and registering breakthroughs in high-end models of ships.

On Tuesday, Russia’s Transneft mentioned that oil shipments to Germany from Kazakhstan via the Druzhba pipeline, exempt from recent Western sanctions, are expected to begin in February 2023, RIA Novosti reported.

On Wednesday, February 1, Brazil announced they had decided to sink the 32000-tonne Sao Paolo aircraft carrier from the 1960s after leaving it stranded at sea for three months. 

On February 1, the Indian government announced its plan to invest in coastal shipping.

MOL today announced the signing of a collaboration agreement with the Nagasaki Prefecture Department of Industrial and Labor Affairs to develop and promote renewable energy projects and shipbuilding-related industries.

MOL is the first company in the world to receive an AiP for UR E26.

On Wednesday, February 1, Suez Canal authorities used tug boats to tow the LNG Tanker Grace Emilia, which broke down and got stuck in the waterway.