Koreas top container shipper HMM on Tuesday signed a 1.41 trillion-won ($1.1 billion) deal with two local shipbuilders to build nine methanol-propelled container ships as part of its push to go carbon neutral. Under the deal, Hyundai Samho

Denmarks AP Moller-Maersk is suing rival container line Evergreen Marine over the blocking of the Suez Canal by one of its ships in 2021. Evergreens 20,000 TEU boxship the Ever Given ran aground in the Suez Canal in March 2021, blocking the

Two container vessels collided on the Long Tau river in southern Vietnam on 11 February. The two ships and many containers were severely damaged. The 2,038 TEU Wan Hai 288 and the 920 TEU Resurgence are the two involved vessels. A number of

On February 13, COSCO Shippings multipurpose vessel Tian Zhen carrying 33 passenger vehicles departed from Yangzhou Yuanyang International Dock to Finland. It is the first time to transport bus in Yangzhou Port. Due to the shortage of shipp

China plays a crucial role in assisting the global economy in overcoming current economic challenges and achieving higher growth rates, an Egyptian economist has said. The Chinese economy is always working on finding structural development

In the recently published results of a safety campaign by International Maritime Pilots Association (IMPA) it is noted that as withprevious years the 2022 safety campaign highlights persistent non-compliance. IMPA considers that the require

Chinas auto exports continued to maintain a good momentum as auto companies exported over 300,000 vehicles in January alone, an increase of over 30 percent year on year, of which new energy vehicles increased by over 48 percent year on year

The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to a one-week high on Monday as capesize vessels segment logged its biggest single-day gain since mid-December. The overall index, whi

The Importance of Coral Reef Ecosystems Coral reefs support a large diversity of marine life and hold enormous ecological, economic, and cultural value to hundreds of millions of people around the world, providing valuable ecosystem service

2023 could see the most anticipated recession in history: Soaring inflation, aggressive rate hikes and the rising cost of living continue to cause demand destruction and could tip the world economy into a recession in 2023. There is a stron

Genoa, 13 February 2023- RINA, the international classification society, has today announced the signing of a Memorandum of Understanding (MoU) with ABB. The MoU focuses on establishing a collaborative relationship with the aim to develop n

13 February 2023 (LONDON)-Oil Companies International Marine Forum (OCIMF) and the inland navigation sector with the support of the Central Commission for the Navigation of the Rhine (CCNR) have collaborated with other European organisation

The Board of Directors of Orient Overseas (International) Limited has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line on a quarterly basis. This announcement sets out the unaudited operational

Capesize It has been a relatively quiet week, with a mild degree of adjustments from both basins. The average of the 5 Capesize timecharter routes eventually broke the $4,000 threshold on the last day of the week, pricing at $4,033, which i

Research into the availability and preparedness of future low- and zero- carbon marine fuels and technology is being conducted as part of a new project. The decarbonization of international shipping is a priority for IMO and by mid-2023, th