Economy: Chinas imports and exports are softening after the first quarters strong recovery from the reopening of covid-19 lockdown, and weak Chinese demand pushed iron ore prices to a low level. Interest rates raised to one of the highest l

Taipei, May. 22, 2023 Aiming to improve the efficiency and quality of customer service, Wan Hai Lines established a non-port office in India for the first time in view of the huge domestic demand in the Indian inland, declaring its determin

On May 18, Xiamen ITGHolding Groupannounced a plan to issue additional A-shares to unspecified parties, raising 3.7 billion yuan of funds, of which 604 million yuan will be used for the construction of six 6,000dwt dual fuelbunkering ships

Lausanne, 23rdof May 2023 -Daphne Technology has obtained a license from Saudi Aramco Technologies Company, a wholly owned subsidiary of Aramco, to further develop and commercialise its mobile carbon capture (MCC) technology. Aramcos advanc

2023 has seen a much more cautious start for the dry bulk market than what we have experienced over the past 2 years. Cargo volumes have held up surprisingly well overall, but the net increase in tonnage supply has surpassed demand. While d

WISTA International, the leading organization empowering women in the maritime industry, is proud to announce the official ratification of its Committee chairs for the term 2023-2024. The endorsement was unanimously approved during todays E

BERGEN, Norway, May 23, 2023 ScanReach, a global leader in wireless connectivity at sea, is pleased to announce the permanent appointment of Sven Brooks as Chief Executive Officer, effective immediately. Sven brings with him a wealth of kno

Oslo and Paris, 23 May 2023.Marlink, the smart network and digital solutions company, will install the Starlink LEO service for Athens-based ship manager Polembros Shipping. A Marlink partner for many years, Polembros will extend its digita

The merger of OSM Maritime Group and Thome Group has acquired official approval of competition authorities, announcing the establishment of a brand new shipping management company named OSM Thome on Monday. As the largest ship management me

CSSC Guangzhou Shipyard International held achristening ceremony on May 22 for VISTAs 110,000dwt LNGdual-fuel crude/producttanker. VISTA is a joint venture between Hafnia andCSSC Shipping in 2017. The ship named Hafnia Loire will be signed

The unveiling ceremony for the European arm of Shandong Port Group (SPG) as well as abusiness and investment promotional eventtook place on May 17 in Rotterdam, the Netherlands. SPG said the two events were aimed at strengtheningcollaborati

Washington/Singapore/Brussels/London, 22 May 2023 The World Shipping Council (WSC) has released its annual report on containers lost at sea, revealing positive developments in container safety within the international liner shipping industr

In their latest weekly insight for the shipping industry,Clarksons Researchhave profiledthe recovering activity levels in the cruise market. Steve Gordon , Managing Director of Clarksons Research, commented: The cruise industry was shipping

Capesize Overall it has been an active week for the capes, with a healthy volume of enquiry in the Pacific. The majors have been busy throughout the week from West Australia to China with iron ore, operators have been fixing, and there have

Ubuntu Humanity, a 190K DWT dual fuel bulk carrier built by SWS for Anglo American was delivered successfully on May 18th, which is the 9th vessel SWS delivered in 2023. Ubuntu Humanity is the second 190K DWT dual fuel bulk carrier built fo