A unit of the South Korean Coast Guard is reporting that they found a fishing boat wedged into the bow of a cargo ship when they reached the scene of the collision off the west coast near the city of Gunsan earlier today. There were no injuries but both vessels sustained damage.

The Coast Goard reports the fishing boat had departed overnight from a port to the north ne…

Shipyards in South Korea and China are now completely booked building ships to transport liquefied natural gas (LNG).

So much so that, according to a new analysis from Climate Analytics, the market is heading towards an “cliff edge of overcapacity” that could leave shipping companies with stranded assets.

On the other hand, major Norwegian bank DNB expects demand…

Non compliance will be costly to carriers when EU’S next emissions reductions rules are launched. Some carriers are already impacted, says analytics firm Siglar Carbon

An MR tanker headed from Sarroch to Rotterdam will be fined EUR 15,500 per voyage if the carrier is not in compliance with EU’s next batch of CO2 emission reductions rules, FuelEU Maritime effective from…