Mar 5 UPDATE: Refloated at around 2030 UTC Mar 4, berthed at Buenos Aires at 2130 UTC. The ship ran aground after blackout, not only tugs but dredger as well, have been deployed to free her. Mar 4: Container ship EVER LIVELY ran aground at

Oneglobal is an innovative commercial insurance and reinsurance broker set up with the singular focus of improving the way in which businesses around the world manage risk via insurance. Jianjun Wang, Oneglobal Hong Kongs new Head of Busine

This year marks the 10th anniversary of the China-proposed Belt and Road Initiative (BRI), a global cooperation platform that demonstrates Chinas vision and provides solutions for the reformation of the global governance system and other mu

The decarbonization of international shipping is a priority for IMO and by mid-2023, the organization aims to have in place a revised and strengthened Strategy on Reduction of GHG Emissions from Ships. A new IMO project aims to provide an a

The Coast Guard Office of Investigations and Analysis has released Marine Safety Alert 03-23 to remind marine radio users of the importance and value of properly configuring their Digital Selective Calling (DSC)-equipped Very High Frequency

Another 100-million-metric-ton level oil field was discovered in Chinas Bohai Sea, according to China National Offshore Oil Corp, Chinas top offshore oil and gas driller. The oil field, Bozhong 26-6, has an estimated energy reserve that is

Clean The Middle East Gulf has been stable by comparison to recent weeks. TC1 (75kt MEG/Japan) dipped an incremental 5.62 points to WS187.19, with a trip west on TC20 shaving away $107,000 to $4,557,000 ($4,600,000 is currently reports on s

A New Chapter for Oil Market Oil prices have remained comfortably below $100/bbl over the past three months, with Brent largely trading between $80/bbl and $85/bbl, despite the imposition of the European ban on Russian crude and products im

3March,2023, London: The International Chamber of Shipping (ICS),representing over 80% of the worlds merchant fleet,is pleased to announceFEDIL Shipping,Luxembourg and the Brazilian Association of Cabotage Owners becoming Affiliate Member N

(A)Achieving better efficiency, safety, and productivity through technology Progress of Tuas Port after its official opening in September 2022 When completed in the 2040s, Tuas Port will be the worlds largest fully-automated terminal, with

Hapag-Lloyd today published its annual report for 2022, the year of its 175th anniversary. According to the report, Hapag-Lloyds EBITDA increased to USD 20.5 billion (EUR 19.4 billion). EBIT grew to USD 18.5 billion (EUR 17.5 billion), and

The Maritime Research Institute of the Netherlands (MARIN) is leading a joint industry project to investigate what is needed to drastically reduce losses of containers from container vessels. The participants in the project include containe

Asia and in particular China is where the action will be for the tanker market, concludes analyst MSI in its latest report. But the global picture suggests a more modest uptick in activity. China is seeing a sharp increase in transportation

While many foreign and domestic ports face pressure to raise container throughput, Beibu Gulf Port in South Chinas Guangxi Zhuang autonomous region is bucking the trend after seeing growing container throughput in January, said its operator

Freight rates for container exports from China continued to decline in the eight week of the year despite transportation capacity adjustments. According to the Shanghai Shipping Exchange, the Shanghai Containerized Freight Index (SCFI) , a