The International Association of Dry Cargo Shipowners (INTERCARGO) has reached an historic membership milestone. The Association now represents 32% of the global dry bulk fleet (total) DWT. INTERCARGO, which meets in Dubai this week for its

On May 22,HudongZhonghuaShipbuildingin collaboration with China ShipbuildingTrading, successfully named and delivered the worlds largest 24,000 TEUultra large container shipMSC GEMMA, builtforICBCLeasingandMSC. MSC GEMMA is independently de

Shipping finance markets for the rest of 2023 look positive, with a depth of lenders, banks, leasing houses and alternative credit funds all seeking to grow their portfolios and offer the best terms to win projects. Competition between lend

On May 19, China MerchantsEnergy Shipping issued the Announcement of the Resolution of the 22nd Meeting of the Sixth Board of Directors. The announcement disclosed that the board of directors ofCMES agreed to build two new generation of ene

South Korea, a rival with China in global shipbuilding, recently issued a new round of initiatives to support its industry, including more government investment in new technologies, expanded foreign-worker programs and new financial support

Secretary for Transport and Logistics addressing last years ALMC The Secretary for Transport and Logistics Lam Sai-hung today (19 May), signed a Memorandum of Understanding with the Guangzhou Port Authority on maritime development, exchange

Economic Headwinds In early April, the OPEC+ coalition madea surprise decision to implement fresh productioncuts, withconcerns over theglobal economy and banking crisis being cited as one of the reasons behind the cut. Oil prices rallied as

Qingdao Shipyard signed a shipbuilding order for four 82,000DWT bulk carrierswith internationally renowned shipownerSeatankers, and there are four ships waiting to be signed. This is another international shipbuilding order after206,000dwt

Southeast Asia is a renewable boom waiting to happen. With rising demand and a near-untapped alternative energy market, the region has the opportunity to become a leader in sustainable fuels and reduce its hydrocarbon dependency. Southeast

The name of Chinas first domestically built cruise liner will be unveiled today, which marks the annual China Tourism Day, with Adora Magic City scheduled to be delivered by the end of 2023. The 135,500-ton ship with a length of 323.6 meter

Oslo, 15 May 2023 - A new report from DNV and Lloyds List Intelligence, Maritime safety trends 2012-2022: Advancing a culture of safety in a changing maritime landscape, found a surge in the number of safety incidents involving machinery da

Taipei, May. 18, 2023 Wan Hai Lines AA7 service added a direct call at the Port of Colombo. The first vessel will be m/v WAN HAI A10 voy.001 and arrived in Colombo on 16th May 2023. The service will be operated by 12 container vessels with

Box throughput at the Port of Hong Kong in April saw its steepest year-on-year decline on record. The Kwai Tsing terminals and mid-stream operators recorded a total throughput for the month of April total 1.255m teu, reflecting a decrease o

[Photo/VCG] Two bodies were found on Thursday afternoon after a Chinese deep-sea fishing vessel capsized on Tuesday in the Indian Ocean with 39 crew on board, the Ministry of Transport said on Thursday. Nine Chinese vessels and one foreign

The second International Day for Women in Maritime, on 18 May 2023, seeks to highlight the importance of collaboration and networking in achieving gender equality in the maritime sector. IMO Secretary-General Kitack Lim said: Women are work