PaxOcean, a part of Kuok Maritime Group (KMG), has opened a new S$200 million shipyard at 5 Jalan Samulun (5JS).The shipyard, situated in the Jurong Industrial Estate, spans 17.26 hectares and features two large graving docks, one floating dock…
New PaxOcean Shipyard Opened in Singapore Read More »
Mitsui E&S and Taiyo Electric have developed an Overhang Permanent Magnet Shaft Generating System for large marine engines.Unlike Taiyo Electric’s conventional shaft generators installed on intermediate shafts, this new system is mounted on the fore en…
Mitsui Develops Overhang Permanent Magnet Shaft Generator Read More »
A new research project at the National University of Singapore (NUS) aims to accelerate the decarbonization of the global shipping industry through the development of next-generation ammonia-fueled marine engines with high efficiency and near…
Singapore University Leads New Ammonia Engine Project Read More »
The seaborne tanker market could be headed for yet another shift in crude oil flows, which could also have an impact on freight rates. In its latest weekly report, shipbroker Gibson said that “earlier this week, President Trump announced that the Unite…
Tanker Market: Is a New Shift of Trade Flows Ahead? Read More »
Capesize The market endured a broadly softer week, with sentiment cooling across both the Pacific and Atlantic as the BCI 182 5TC slid from the low $31,000s to finish closer to $26,468. Early optimism in the Pacific, driven by miner presence and steady…
Dry Bulk Market: A Softer Week All Around Read More »