Reaching 116.1 million tonnes, Chinese refineries output hit a new high for the first two months of the year. Increases in exports and domestic transportation demand, following higher export quotas and the lifting of COVID restrictions, are

Chinas foreign trade has gotten off to a good start this year, with an upbeat trend to follow, a customs official said on Monday. The number of containers for export has been rising since late February, Yu Jianhua, head of the General Admin

The technology group Wrtsils successful and highly efficient Wrtsil 31 diesel engine is being upgraded for higher power output than ever before. The upgraded version delivers an increased power to size ratio within the same physical footpri

On March 20, China Development Bank Financial Leasing announced that it plans to acquire two LNG carriers from GasLog for $284 million. Two wholly owned companies of China Development Bank Financial Leasing acted as the buyer, with the sell

On March 20, the first 1900TEU container ship VENTO DI BORA built by CSSC Huangpu Wenchong Shipbuilding for Schoeller Holding was successfully delivered. Leaders and guests from the shipowners subsidiary Columbia Shipmanagement, China Shipb

On Mar 21, 2023,Container ship HYUNDAI TOKYO struck pier while berthing at Kaohsiung Port, Taiwan, berth , at 0930 LT Mar 20, on arrival from Ningbo in full load. The ship had rather high speed at the moment of contact, reportedly she suffe

Maersk unveiled the designs for its pioneering methanol dual-fuel containership in social media posts today. The shipping giant revealed the first renderings of the ship which is expected to launch a new era for container shipping as the fi

The Coast Guard Office of Investigations and Analysis has released Marine Safety Alert 04-23 to highlight the importance of proper maintenance and adherence to manufacturers recommendations for filling/inflating buoyancy chambers on some mo

Effective on March 21, the board of OLDENDORFF CARRIERS has appointed Patrick Hutchins as the new President and CEO of the company. Patrick succeeds Peter Twiss, who has decided to step down after having served the company for nearly 28 yea

Copenhagen, Denmark:A.P. Moller - Maersk (Maersk) announces the inaugural flight of the logistics companys new air freight service with scheduled flights between Billund, Denmark (BLL) and Hangzhou, China (HGH). The new service is respondin

The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday, weighed by weakness in the capesize and panamax segments. The overall index, which factors in rates for capesize, panamax

Optimarin is establishing a manufacturing base in China to boost the availability of its well-proven ballast water treatment system (BWTS) for the Asian shipbuilding market as it also targets further retrofits of the existing fleet. The lea

UBS plans to acquire Credit Suisse. The combination is expected to create a business with more than USD 5 trillion in total invested assets and sustainable value opportunities. It will further strengthen UBSs position as the leading Swiss-b

On March 16, GuangzhouShipyardInternational, a subsidiary of CSSC, successfully signeda shipbuilding contract for three 8,600CEU dual-fuelPCTCs with a well-known Asian shipowner. This is GSIs second batch order of the same type of ship afte

The freight rate of some routes rose, and the composite index stopped falling and stabilized Ningbo Containerized Freight Index: In the week ending Mar-17, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE)