China plays positive role in global shipping’s green transit, says IMO chief
China plays positive role in global shipping’s green transit, says IMO chief
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International Shipping News
30/04/2026
China’s achievements in port electrification and the green transformation of shipping have played a positive role in advancing the global maritime sector’s decarbonization, Secretary-General of the International Maritime Organization (IMO) Arsenio Dominguez has said.
Dominguez said this in a recent interview with Xinhua ahead of the 84th session of the Marine Environment Protection Committee (MEPC 84), scheduled for April 27 to May 1 at the IMO headquarters in London.
He emphasized that China’s active participation in IMO affairs is reflected in its contributions across multiple areas, including port operations, seafarer training and education, ship design and construction, and the implementation of IMO instruments.
Dominguez said China’s positions on introducing new technologies and developing alternative fuels have provided important input for international deliberat
Underestimated Risks of Coconut Oil Cargoes
Underestimated Risks of Coconut Oil Cargoes
gCaptain
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April 30, 2026
Coconut oil is not immediately associated with risk, but its carriage can release toxic vapours and cause oxygen depletion in enclosed spaces. Manish Nayyar, Senior Loss Prevention Executive, NorthStandard, explains why crew working inside cargo tanks must be fully informed
Transporting coconut oil and its derivatives, viz. Crude Coconut Oil (CCNO), Coconut Oil Fatty Acid Distillate (CFAD) and Refined Coconut Oil, by sea comes with a critical but underestimated risk: the generation of toxic gas inside the vessel’s cargo tanks.
Contrary to common belief, vegetable oils, and particularly crude coconut oil (CCNO), pose substantial atmospheric hazards in enclosed spaces.
Alaska proved reserves increased in 2024, while nationwide proved reserves fell
Alaska proved reserves increased in 2024, while nationwide proved reserves fell
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Oil & Companies News
29/04/2026
Oil and gas producers operating in Alaska reported increases in proved reserves in 2024 at a time when low prices triggered a decrease in nationwide proved reserves, according to our recently released U.S. Crude Oil and Natural Gas Proved Reserves, Year-End 2024 report. Alaska’s crude oil and lease condensate proved reserves increased 5%, and natural gas proved reserves increased nearly 7% in 2024.
U.S.
CICT Achieves Record Throughput with MSC INGY Call
CICT Achieves Record Throughput with MSC INGY Call
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Port News
29/04/2026
Colombo International Container Terminals (CICT) has recorded its highest-ever single-vessel performance, handling 10,407 container moves, equivalent to 15,113 TEUs, during the recent call of MSC INGY, marking a new operational milestone for the terminal.
The vessel, operated by Mediterranean Shipping Company (MSC), represents one of the larger container ships calling at Colombo, reflecting the terminal’s growing capability to efficiently handle ultra-large container vessels (ULCVs) and rising cargo volumes.
During the call, the terminal achieved a gross vessel rate exceeding 200 moves per hour and a gross crane rate of over 30 moves per crane per hour, emphasising the speed, coordination, and operational discipline behind the record performance.
CICT officials said the achievement highlights the terminal’s continued focus on operational efficiency, vessel turnaround performance, and capacity optimisation within
LNG Bunker Snapshot: Prices jump on supply risks and Strait of Hormuz disruptions
LNG Bunker Snapshot: Prices jump on supply risks and Strait of Hormuz disruptions
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International Shipping News
29/04/2026
LNG bunker prices in Rotterdam and Singapore have rallied, driven by tightening global gas supply and escalating risks around the Strait of Hormuz.
Weekly changes in LNG bunker prices:
Rotterdam up by $63/mt to $957/mt
Singapore up by $86/mt at $1,066/mt
Rotterdam
Rotterdam’s LNG bunker price has climbed by $63/mt, tracking gains in the front-month Dutch TTF natural gas contract. Over the past week, the benchmark has risen by $1.37/MMBtu to $15.48/MMBtu ($805/mt).
The surge in TTF prices has been largely driven by tightening supply dynamics, with “continued supply restrictions due to intermittent planned and unplanned shutdowns at several gas production facilities in Norway, as well as growing expectations of a continued blockade of the Strait of Hormuz,” according to the Japan Organization for Metals and Energy Security (JOGMEC).
Market sentiment has also shifted
BW Offshore: Signs FEED agreement for Bay du Nord FPSO
BW Offshore: Signs FEED agreement for Bay du Nord FPSO
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International Shipping News
29/04/2026
BW Offshore has signed a Front-End Engineering and Design (FEED) agreement with Equinor for the Bay du Nord development offshore Newfoundland and Labrador, Canada.
The FEED agreement formalises the next phase of the project following BW Offshore’s selection as preferred FPSO bidder and represents continued progress towards a potential final investment decision in 2027.
The FEED phase is expected to run through the end of 2026 and will be used to mature the FPSO design, finalising the project execution plan and delivery schedule, progressing commercial and contractual alignment, including selection of major subcontractors and vendors towards a firm offer to Equinor. A local content plan will also be developed in line with the Frame Agreement and the Atlantic Accord.
BW Offshore has established a local office in St. John’s, Newfoundland and Labrador, and has hired a Local Benefits Manager to
Bidding Announcement of 5700kW DP2 AHTS “FILA”
Bidding Announcement of 5700kW DP2 AHTS “FILA”
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International Shipping News
29/04/2026
Entrusted by the Seller, our company (the “Bidding Company “) is scheduled to conduct an online public auction on the Shipbid website (www.shipbid.net) from 16:00 to 16:30 on May 29th, 2026 (Beijing time), which is hereby announced as follows:
1. Bidding Target:
Vessel Name: FILA;
IMO Number: 9513531;
Vessel Type: AHTS (Anchor Handling Tug Supply);
Classification Society: RINA;
Navigation Area: Unrestricted navigation;
Class Notation: C※ Offshore Support Vessel – supply – anchor handling; tug; fire fighting ship 1 ; unrestricted navigation; ※DYNAPOS DP2
Flag: Panama;
LOA/MLB/MLD: 59.81m x 15.00m x 5.50m;
GRT/NRT: 1733/519;
Deadweight: 1460t;
Summer Draft: 4.88m;
Azimuth Propeller: SP20D, 1685kW x 3 sets;
Main Generator: Cummins QAK60-D(M), 1900kW x 2 sets(Tier I);
Cummins QSK60-DM，1900kW x 1 set(Tier I);
Emergency Generator: Cummins 6CTA83DM, 181kW x 1 set;
Bow Thruster: BFTT316, 560kW x 2 sets;
Fi
Pacific International Lines Delivers Resilient Earnings in FY2025
Pacific International Lines Delivers Resilient Earnings in FY2025
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International Shipping News
29/04/2026
PIL Pte Ltd (“PIL” or the “Group”) today announced its financial results for the fiscal year ended 31 December 2025. The Group delivered net profit after tax of US$1.04 billion, underpinned by volume growth, high asset utilisation and strong cost management amid challenging market conditions. Group EBITDA amounted to US$1.50 billion with the container shipping business contributing US$1.47 billion.
2025 Financial Performance Highlights
PIL’s FY2025 results reflects the Group’s operational agility, disciplined financial management, and ability to deliver long-term value.
FarSounder Celebrates 25 Years of Innovation in Marine Navigation
FarSounder Celebrates 25 Years of Innovation in Marine Navigation
gCaptain
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April 29, 2026
FarSounder marks its 25th anniversary in 2026, celebrating a quarter-century of advancing marine navigation technology and improving safety at sea. Since its founding, the company has continuously evolved its 3D forward-looking sonar capabilities by learning from real-world operations and responding to customer needs, strengthening its role as an industry leader.
Built on a vision of safer, more environmentally responsible navigation, FarSounder pioneered 3D forward-looking sonar designed to help vessels detect submerged hazards and avoid groundings, oil spills, and ship strikes involving whales. Today, Argos systems deliver real-time awareness of the underwater environment ahead, enabling bridge crews to make more informed and confident decisions.
Collaboration and integration have been central to FarSounder’s success.
Farm commodities surge to two-year high on Hormuz closure
Farm commodities surge to two-year high on Hormuz closure
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Commodity News
29/04/2026
The extended closure of the Strait of Hormuz and extreme weather have pushed farm commodity prices to a two-year high, as fertilizer challenges and the prospect of smaller harvests drive food inflation risks.
The Bloomberg Agriculture Spot Index, which tracks 10 of the world’s top-selling crop products, has climbed for a third straight month to the highest since November 2023. This marks a shift from before the Middle East war, when most crop prices were weighed down by abundant inventory and bumper harvests.
Farmers from Asia to Australia to the US are facing converging challenges posed by the Iran war and drought, impacting prices of staple food products from bread to pasta and cooking oil.
Wheat and corn, both fertilizer-intensive crops, are among the most affected. Benchmark wheat futures on the Chicago Board of Trade have surged about 12% since the war erupted in late February, and hit the highe