COSCO Shipping has released its 2023 first-half financial forecast on July 3, saying the Companys EBIT for the first half of 2023 was approximately RMB24,690 million, representing a decrease of approximately 74.10% y-o-y. The net profit was

File photo: Courtesy of Shangdong Port Group A single crane at Port of Qingdao under Shandong Port Group in East Chinas Shandong has set a new world record for the 26th time, by handling 3,057 tons per ton of dry bulk cargo with the support

On 23 June 2023 the EU Council adopted the 11th package of economic sanctions against Russia to prevent theircircumvention and furthererode Russias revenues. The most notable measures are summarised below. STS transfers and AIS manipulation

Actual freight rates and FFAs for 5TC Capesize routes since beginning of May Its been a mixed week across the various shipping sectors. In the Capesize market, there was a slow start, but rates picked up later in the week, especially in the

The transport sector is about to embark on a transformative journey towards diversity and equity with the official launch of the Women in Transport Equity Index survey. This groundbreaking initiative, introduced at the Women in Transport An

3 July 2023, Hamburg As around 7500dock workers representing the International Longshore and Warehouse Union (ILWU) continue with the third day of strike, thereby impacting the two key gateways of international trade Port of Vancouver and P

3 July 2023:International Support Vessel Owners Association (ISOA)has announced the appointment of Jan-Piet Baars as the associations new Secretary. Jan-Piet has experience in the offshore support vessel sector previously working in senior

The ship XIN XIANG SEA is 199.9 meters long, 32.26 meters wide, 18.85 meters deep, and has a structural draft of 13.5 meters. This ship is the second newly built ship of the eight 63,600dwt series bulk carriers ofBOCOM Leasing. By Xinde Mar

Edinburgh, Scotland, 3 July 2023. Adopting a new approach to marshalling and load-out of windfarm jackets could cut logistics costs for project developers by as much as 60%, according to analysis by Heavy Lift Projects (HLP). Until now, dev

Caroline Yang The Singapore Shipping Association(SSA) elects Caroline Yang its chairwoman for a third term. Caroline Yang will therefore have two more years to helm the Association. Ms.Yang has close to 30 years of experience in the shippin

The Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 15) met ahead of the Marine Environment Protection Committee ( MEPC 80 ). Draft Revised IMO 2023 GHG Strategy The Group further considered and developed the

Capesize Throughout the week, the Capesize market experienced mixed dynamics. Monday began with a relatively active start as the major players fixed cargoes from West Australia to China, alongside tender and operator cargoes. However, rates

[Photo/Weibo account of Yantai TV] HARBIN, July 3 (Xinhua) -- Departing from east Chinas Shandong Province, an intelligent research vessel named Haitun 1 started its maiden voyage on Friday. Developed by the Harbin Engineering University in

Leading maritime systems and services provider Elcome International has established a new office in Vancouver, Canada, to meet growing demand for its services across the country and the broader North American continent. The Vancouver facili

The Final Countdown The long-awaited massive 650kbd Dangote refinery in Nigeria was inagurated in late May, following years of delays caused by logistical problems and pandemic related disruptions. The refinery is expected to begin operatio