London and Singapore, 2 March 2023. The first two months of 2023 have seen tanker market fortunes change rapidly, illustrating the volatility and upside that continues to persist as global trade patterns are reshaped. Sharp increases in spo

On March 1, Zhonggu Shipping signed a strategic cooperation agreement with Anhui Provincial Port Shipping Group to jointly promote the bulk carriers converted into container ships. Anhui Port will promote railway and waterway combined trans

On a chilly Wednesday morning, hundreds of trucks loaded with multi-colored containers queue in front of a 363-meter-long ship docked at a terminal at the Qingdao port, East Chinas Shandong Province, forming a line that stretches for more t

Introduction 2022 was another strong year for Gas and Container orders, but overall, 2022 orders fell short of the record breaking numbers seen in 2021. The number of newbuilding orders for 2022 reflected global geopolitical concerns, as we

COSCO SHIPPING Ports Limited announced that the acquisition of 56% of the equity interest in Xiamen Haicang Free Trade Port Zone Investment and Construction Management Co., Ltd. and30%oftheequityinterestinXiamenOceanGateContainerTerminalCo.

Iron ore futures jumped on Wednesday, as better-than-expected China manufacturing activity data raised hopes for a demand rebound in the worlds top steel producer. The most-traded May iron ore futures contract on the Dalian Commodity Exchan

West PI has launched two new competitive marine insurance products to enhance its product range. Called West Hull and West War, the new offerings are designed to enhance the Clubs services to Members, broaden its appeal to other shipowners

The Baltic Exchanges main sea freight index rose to its highest in over seven weeks on Wednesday, supported by higher shipping rates for all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipp

1 March 2023, London: The International Chamber of Shipping and Egypts Suez Canal Authority have re-signed an agreement covering key issues impacting international shipowners and operations of the Suez Canal. The agreement was initially sig

The Norwegian LR2 owner and operator SKS is opening up its pool to attract third-party LR2 tankers by leveraging Signals technological pool infrastructure and data-driven chartering tools. The new setup, named SKS LR2 Pool - powered by Sign

NEW YORK, Feb. 28, 2023 At its annual investor meeting today, Chevron Corporation (NYSE: CVX) reported on its progress to leverage its strengths to safely deliver lower carbon energy to a growing world. Chevron intends to be a leader in bot

Some of the worlds biggest maritime cargo carriers are joining forces with the worlds first industrial safety technology accelerator to launch a new innovation initiative to reduce cargo loss at sea. Evergreen Line, HMM, Maersk, the Offen G

After prototype testing in January 2023, ABS has issued the worlds first ABS CyberSafety Product Design Assessment (PDA) certification for the main engine and main propulsion remote control systems (M-800 series) from Nabtesco Corporation.

Trade connectivity between China and Southeast Asian economies has been maintaining steady growth momentum in 2023, about a year after the implementation of the Regional Comprehensive Economic Partnership (RCEP) trade agreement, with fresh

Guangzhou Shipyard International Co Ltd, a unit of State-owned China State Shipbuilding Corp, said on Tuesday that it has completed building work for the double-ended roll-on roll-off hybrid passenger ship for buyer PO Ferries in the United