Europes increased need for liquefied natural gas (LNG) looks set to intensify competition with Asia for limited new supply available over the next two years and may dominate LNG trade over the longer term, according to Shells LNG Outlook 20

COSCO SHIPPING International (Singapore) Co., Ltd., together with its subsidiaries, wishes to update shareholders that based on a preliminary review of the Groups unaudited consolidated financial results for FY2022, the Group is expected to

China is expected to import a record amount of crude oil in 2023 due to increased demand for fuel as people travel more following the dismantling of COVID-19 controls and as a result of new refineries coming onstream, analysts said. The pro

The current situation in the global shipping industry is complex, as container rates are experiencing a significant decline, with contract rates moving closer to spot rates. This trend is evident in different regions, such as China and Sout

Driving Force Chinas dramatic shift awayfrom its strict zero covid policy at the end of 2022 defied expectations of a gradual reopening over the course of 2023. Inevitably fuel demand is now projected to grow strongly over the course of 202

The Start of the Maritime Silk Road Building Global Connections Opening of New Berths and New Routes COSCO SHIPPING✖Quanzhou Shihu Port enter the era of Large Ships and Large Ports On February 15th, the opening ceremony of the new berths

In recent years, Gard has handled a number of claims involving the carriage of scrap metal in bulk and, from time to time, we get enquiries from Members for guidance on the handling and carriage of this cargo. Ship operators and masters sho

The latest data from Xeneta reveals a fundamental shift in the container market, with a rapid closure of the once gaping divide between long-term and spot rates on the worlds leading trade corridors. Xenetas crowd-sourced data paints a star

Chinas largest crude oil commercial reserve project, located in Dongying, East Chinas Shandong province, started commercial operation on Thursday according to operator China National Offshore Oil Corp, Chinas top offshore oil and gas drille

Eastern Pacific Shipping and Value Maritime install first-of-its-kind fully integrated carbon capture solution onboard MR tankerM/T Pacific Cobalt The pioneering project is a first for ocean-going vessels to date and aims to pave the way fo

The Qingdao Qianwan Container terminal (QQCT), a unit of Qingdao Port, recently set a new global vessel productivity record of422.38moves per hour while handling MaersksLatin America service vesselMAERSK SALINA. This wasthe second time QQCT

Ocean Network Express (ONE) announced the Israel Express (ILX), a new weekly Israel shuttle service, connecting Israel to the hub of Damietta, Egypt. This new shuttle service was created in response to the growing demand for both import and

The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to a near three-year low on Thursday on waning demand for capesize and panamax vessel segments. The overall index, which factors in ra

During a recent webinar , speakers from the LR Maritime Decarbonisation Hub and Safetytech Accelerator discussed their new report Tracing the true carbon intensity of sustainable marine fuels which highlights how innovative technologies cou

Swiss marine power company WinGD has launched a pilot project for a new engine diagnostics solution that is tailored to greatly simplify engine maintenance for crew and fleet managers. The enhancement to WinGDs engine monitoring and remote