Shandong Port Group(SPG), the worlds largest port conglomerate by cargo capacity,signed a strategic cooperation agreement with Abu Dhabi PortsCompany on Feb 28. According to the agreement, both sides will carry out in-depth cooperation in a

Yang Ming Marine Transport Corporation (Yang Ming) held its 382nd Board Meeting today (9) to approve the annual financial report for 2022. The Company set a new record by achieving consolidated revenues of NTD 375.9 billion (USD 12.61 billi

On March 3, 2023, Yang Xianxiang, Vice Chairman and CEO of SITC International, Xue Mingyuan, president of SITC Shipping Group and Lai Zhiyong, president of SITC Logistics Group visited Dalian Maritime University and had a discussion with Su

China remained the most important partner for German seaports in container traffic in 2022, accounting for more than one-fifth of the countrys container throughput, the Federal Statistical Office (Destatis) said on Thursday. A total of just

Hempel joins the International Maritime Organization (IMOs) Global Industry Alliance (GIA) for Marine Biosafety to work with industry to support shippings emissions reduction pathway and to mitigate against the spread of invasive species. K

Hyundai Samho Heavy Industries Co. and HJ Shipbuilding Construction Co. (HJSC) have respectively ordered seven and two MAN BW G80ME-LGIM dual-fuel engines in connection with the construction of 9 9,000 teu container vessels for HMM Co., the

The Baltic Exchanges main sea freight index rose to an 11-week high on Thursday as rates across larger vessel segments extended gains, led by capesize vessel segment. The overall index, which factors in rates for capesize, panamax, and supr

As of 1stJune 2023, Morten Axel Petersen will join the DESMI Group as Group CFO. Morten is an experienced Senior Executive and CFO. His experiences include, among others, CFO roles in both private equity owned and publicly listed companies.

On March 9, the worlds largest delivered container ship, the 24,116 TEU ULCC MSC TESSA built by Hudong-Zhonghua Shipbuilding and China Shipbuilding Trading for Mediterranean Shipping Company (MSC) was named and delivered. With a total lengt

The build-up of empty containers at Chinese ports and lower oceanshipping costs should be taken as positive signs instead of hints of slumping global trade, according to senior Chinese trade analyst Gu Xueming. Gu, who is director of the Ch

Brazils soybean harvest is behind schedule due to heavy rain with exports down 31% y/y in the first two months of 2023. But despite the slow start, Brazil is headed for a record harvest and a sharp increase in exports during the coming mont

Wrtsil receives first CCS-Ready scrubber order, further propelling maritime decarbonisation. The technology group Wrtsil has received its first order for carbon capture and storage-ready scrubber systems - CCS-Ready scrubbers - the company

ClassNK has issued four Approvals in Principle (AiPs) for GTTs following latest development projects in alternative fuels, which were handed over during a ceremony in Tokyo on 6 March 2023. - Concept of 12,500m3 LNG Dual-fuelled VLCC fitted

Exports have provided strong support for Chinas economy, and the country needs to continue to focus on the role of exports in economic growth. Especially in 2022, due to multiple factors both at home and abroad, exports contributed more tha

China National Offshore Oil Corp, Chinas top offshore oil and gas driller, has delivered the last two modules built for the Shell-led LNG Canada in East Chinas Shandong province, finishing construction on all 35 process modules, said the co