The recovery of transportation demand was slow, and the composite index continued to decline Ningbo Containerized Freight Index: In the week ending Mar-10, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE)

The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to an over 11-week high on Monday, propelled by stronger rates across all vessel segments. The overall index, which factors in rates f

WISTA Norway released the first workshop report from its 40 by 30 initiative to promote female executive recruitment in the ocean industries at its recent successful AGM, where three new board members were also elected. At our recent AGM, w

Chinas long-anticipated economic recovery is the missing link that can lead the rebound of the bulk market in 2023 and into 2024, and we expect the recovery to begin in the second half of 2023. Highlights The International Monetary Fund (IM

With more than 195,000sqm of warehouses across the West Coast of South America, Maersk continues expanding its footprint in Latin America, adding value to customers supply chains. The new facilities in Chile and Peru are part of our investm

Singapores Port operator Temasek-owned PSA is mulling withdrawing its 20% stake in the ports business of Hong Kongs CK Hutchison, Reuters has reported. In a report based on the comments of two unnamed sources, Reuters maintains that PSA, th

SITC Cagayan / Source: VesselFinder SITC International Holdings, the holding company of Hong Kong-based intra-Asia carrier SITC Container Lines, has announced that its net profit went up by 67% on-year in 2022, to US$1.9 billion. The Hong K

China will pay more attention to the research and development of techniques and equipment used for deep-sea mining, according to a senior researcher in the countrys shipbuilding industry. Deep-sea mining has become a new frontier of interna

The United Nations High Seas Treaty is an international agreement aimed at regulating the use and exploitation of the worlds oceans beyond the limits of national jurisdiction. The treaty, first proposed in 2004, aims to provide a framework

The Chinese-built MSC Tessa, the worlds largest containership, was officially delivered on Thursday to MediterraneanShipping Company SA (MSC), which will operate the vessel on the worlds busiest freightshipping route between Ningpo port in

Energy saving and environmental protection will be the main development direction for Chinas containershipbuilding, said a containershipengineer on Thursday. Shanghai-based Hudong-ZhonghuaShipbuilding (Group) Co. Ltd. delivered a vessel wit

Why do an aging fleet and tightening environmental regulations present a golden opportunity for short sea shipping operators? This article looks at three compelling considerations that could give operators the edge when looking for the perf

One Month On With the refined products price cap now in place for just over a month, the changes in trade flows as a result are stark. Many longer haul voyages are yet to be completed, but this only points to a clear trend of Russia being f

Oslo, 10 March 2023. An industrial scale concept for a floating production unit to produce green ammonia has secured Approval in Principle (AiP) from DNV, affirming the technical feasibility of the design. The project is now ready to start

PETRONAS and TIGER GAS partnership advances with LNG bunkering business. The commemorative event was attended by (L-R): Head of PETRONAS Marines LNG Bunker Sales Mohd Firdaus Kamilrudin, Chief Representative of PETRONAS Beijing Representati