The Baltic Exchange has issued its reports for the last week, 7-13 May, to provide information about the tanker and bulk market performance.

As informed, Container ship HUA HANG 1 reportedly suffered fire in engine room in the afternoon of May 13th ENE of Ningbo, East China sea, while en route from Taicang China to Chi Lung Taiwan. The ship issued distress signal and SAR ship BEI HAI JIU 101 responded.

Cory and Northern Lights have today announced a Memorandum of Understanding (MoU) to collaborate on the realization of a major carbon capture and storage (CCS) project between the UK and Norway.

General cargo ship MEISEN 2, is a flagged Japan dwt 1555 built in 1996. The vessel issued a distress signal at around 03:30 Tokyo time May 14 in Chiba Prefecture waters, Honshu eastern coast, south of Tokyo.

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, and Nippon Yusen Kabushiki Kaisha (NYK Line) have been granted Approval in Principle (AiP) from the Japanese classification society ClassNK for joint development of CO2 transport technology for liquefied CO2 (LCO2) carriers.

The Maritime and Coastguard Agency (MCA) announced that six foreign flagged ships remained under detention in UK ports during April 2022 after failing Port State Control (PSC) inspection.

TotalEnergies, an energy company, has launched a worldwide drone-based emissions detection and quantification campaign across all its upstream Oil & Gas operated sites.

Based on feedback from Airlines and Ground Handling Agents (GHAs) and observation from Changi Airport Group (CAG), most of the crew bound for Philippines were not aware that they had to complete the necessary e-health declaration (i.e. One Health Pass) before check-in.

U.S. Coast Guard provides awareness to liquefied natural gas carrier (LNGCs) owners and operators regarding the LGC NCOE’s offshore Certificate of Compliance (COC) examination program during the Coast Guard’s Liquefied Gas Carrier Accelerated Program (LGCAP) 22-02.

Marine insurer Allianz Global Corporate & Specialty SE (AGCS) issued the Safety & Shipping Review 2022, explaining that the decarbonization of the industry will require big investments in green technology and alternative fuels. It is essential that the transition to low-carbon shipping does not create new risks with unintended consequences, says Allianz.