2020 won’t be a year to remember for newbuildings. A combination of pandemic, trade contraction and uncertainty surrounding existing and future regulation compliance guidelines, pushed more ship owners towards the S&P market for their tonnage needs…
CHALLENGES Smart technology used for health and condition monitoring has significant potential to improve the safety and operational performance of marine assets. ABS worked with Hyundai Heavy Industries Group (HHI Group) qualifying the shipyard’s new …
Using Smart Technology To Drive More Sustainable Fleets Read More »
LNG-powered vessels are likely to find favorable treatment from lenders under the Poseidon Principles, according to a new study by Sea-LNG. Sea-LNG is a multi-sector industry coalition that was founded in 2016 to advocate for the use of LNG over conven…
Study shows LNG-powered vessels save on interest rates Read More »
Ships’ recycling activity could be set for a strong start to 2021, with price sentiment improving across most of Southeast Asia. This could trigger more tonnage availability in the coming weeks. In its latest weekly report, shipbroker Intermodal said t…
Improved Pricing Could Trigger More Tonnage Sold for Scrap Read More »
Maritime transport is the backbone of the global economy, accounting for over 90% of cross-border trade. And like most other industries, shipping is being rapidly transformed by a range of technology innovations that aim to make operations greener, che…
Technology will help maritime transport navigate through the pandemic—and beyond Read More »