In an effort to protect whales and cut vessel emissions, California continues to incentivise operators that slow down their vessels to a speed of 10 knots or less along the states coast. This year the vessel speed reduction zones have becom

Photo: OOCL COSCO-owned Orient Overseas Container Line (OOCL) has released its semi-annual financial report, concluding the first half year with a 60.2% decrease in revenue to USD 4,154.7 million YoY and the second quarter with a 62.6% drop

Shanghai Shipping Exchange (SSE) reported that the composite Shanghai Containerized Freight Index (SCFI) closed at 953.6 points in Week 26. More specifically, rising 3.2% from the previous week, the composite index increased for the first t

Orient Overseas Containers second quarter update released yesterday (5 July) revealed a 62.6% fall in total revenues to US$1.98bn, compared to the same period in 2022. The dramatic turnaround occurred even as liftings increased 1.3%. Loadab

Inventory of five major steel products in Chinas 21 cities fell 3.3% or 320,000 tonnes from ten day ago to 9.24 million tonnes in late June (June 21-30), according to data from China Iron and Steel Association (CISA). The volume was 26.2% o

The Rhine River, a vital lifeline of transportation and trade in Europe, is currently grappling with the pressing challenge of falling water levels. Barge transports passing through the measuring point at Kaub are particularly impacted due

Kiel. Starting signal for series production: Sauer Compressors offers a new series of high-pressure compressors for industrial applications. The SAUER Orkan series is now available in the first four standard types. They are suitable for the

In anticipation of growing trade flows between China, India and Pakistan, Pacific International Lines (PIL) is pleased to introduce a revamped weekly direct service connecting key ports in China, Singapore, the West Coast of India and Pakis

Simpson Spence Young (SSY), the worlds largest independent shipbroker, has today announced the appointment of Kyla Schliebs to the role of Head of LNG Research, effective immediately. An LNG specialist with over 10 years of professional exp

Ocean Network Express (ONE) , a world leader in container shipping, is pleased to announce it will host the 2nd Container Shipping Summit in Singapore on 3 August 2023, in collaboration with Anchor Ship Partners Co.,Ltd., and KOZO KEIKAKU E

On July 3, Nantong COSCOKhi Ship Engineeringdelivered the second 24,188 TEU ultra-large container shipOOCLTURKIYEto OOCL in Dalian. [Photo: NACKS] OOCL TURKIYE is the second of six ships of the same type built byNACKS for OOCL. Achristening

Glen Phua The popularity of low-sulfur fuel in the context of the 2020IMOs global sulfur limit regulationshassignificantlydisruptedthe marine lubricant market. The highalkalinelubricants are no longer suitable for low-sulfur fuel, while the

DNV is the first class society globally to introduce new class rules for electrical shore connections specifically tailored for tankers, contributing to setting sector norms. The need for new rules on shore power for tankers emerged followi

MPA joins other cross-industry partners in green corridor cluster initiative that will trial decarbonising strategies for the container trade The Maritime and Port Authority of Singapore (MPA) and Lloyds Register Maritime Decarbonisation Hu

Image: Michael Jrgensen, Managing Director of MaruKlav and Kobayashi Masashi, Business Investment - Ship Dept. at Marubeni (former Deputy Managing Director of MaruKlav) Partnering up is the avenue of growth and earnings for Panamax Owners!