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

Dalian iron ore futures extended gains for a second session on Thursday as market sentiment improved following the removal of production curbs in key steel-making cities and on better-than-expected manufacturing data from China. Handan and

Low and high sulfur fuel oil bunker premiums have fallen in Hong Kong, as rising competition from regional ports has weakened domestic demand and dampened the near-term market outlook, bunker suppliers said March 2. Demand for LSFO bunker i

The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest level since early January on Thursday, supported by stronger rates across all vessel segments. The overall index, which

Piraeus, Greece 1 March, 2023: The work to develop Greeces first Floating Storage Regasification Unit (FSRU) commenced recently at the Keppel shipyard in Singapore with the conversion of GasLogs DNV classed LNGC Gaslog Chelsea, recently ren