Spot rates for containerized ocean freight have climbed across three leading Far East export corridors after the latest round of General Rate Increases (GRIs) from carriers. The news, revealed by Oslos Xeneta, provides welcome relief for a

Deliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU in 2023, beating the previous record by 0.2 million TEU. As recycling of ships has remained low, the fleet capacity has

[Photo: CHI (Dalian)] On August 8, COSCO SHIPPING Heavy Industry (Dalian), a subsidiary of COSCO SHIPPING Heavy Industry, named and deliveredthe 68,000 dwt multi-purpose pulp carrier No. 2 Green Kotka to CMB Financial Leasing, and officiall

AMSA has released its National Compliance Plan (NCP) for 2023-24, detailing the focus areas of its compliance activities over the next 12 months as the national safety regulator for domestic commercial vessels, regulated Australian and fore

Together with Joint-Venture partner Socatra of France, Hafnia has concluded an order for four 49,800 deadweight dual-fuel Methanol Chemical IMOII Medium-Range (MR) Newbuilds, constructed out of Guangzhou Shipyard International (GSI), in Chi

[Photo: MarineTraffic] Chinas Guangzhou Gas newly built 1 million mt/year Nansha LNG terminal has kicked off its operations under phase 1 after receiving the first cargo Aug. 8, an official with the company told SP Global Commodity Insights

Nuclear solutions will play an essential role in maritimes fast-paced journey towards decarbonisation and net zero, said Mikal Be, Chairman and CEO of CORE POWER. It simply will not happen without it, he stated. Speaking in the first of a s

Maritime administration personnel, shipowners and operators can get to grips with the Energy Efficiency eXisting Ship Index (EEXI) through a new series of videos. The films, developed by the Global Industry Alliance to Support Low Carbon Sh

Values have fallen below USD 19 mil for the first time since July 21 Capesize sales from Japanese owners have increased by c.20% year on year with twelve sales reported over the first seven months of this year. Approximately half of these s

Recently, Zhoushan Changhong International Shipyard signed a large order of 10 10,300 TEULNG dual-fuel container ships with the world-renowned shipping company Mediterranean Shipping Company. These ships will be deliveredfrom the second hal

[TANG KE/FOR CHINA DAILY] NEVs give edge; trade body sees 2023 figure at 5m units; H1 data put Japan at No 2 China surpassed Japan as the worlds largest vehicle exporter in the first half of this year and analysts attributed the achievement

US-based agricultural trader Cargill has ramped up a bio-bunkering program for its own shipping fleet and other shipowners as part of initial decarbonization efforts amid the industry switch to a multi-fuel, low-emission future, its top mar

August 08, 2023. Orient Overseas Container Line Ltd. to further strengthen the companys fleet structure by introducing one more 24,188 TEU mega vessel. The brand new container vessel is named OOCL Felixstowe today at the Dalian COSCO KHI Sh

Chinas appetite for crude oil has been the major driver for global demand this year, outstripping volumes in 2022, with an average monthly year-on-year increase of 24%. Domestic crude demand has risen, but we expect to see an increase in cl

Great White Fleet, a company under Chiquita Brands , has increased its investment in Carrier Transicold PrimeLINE container refrigeration units. The ocean carrier added 800 PrimeLINE units to transport bananas on routes from Central America