Electric vehicle exports in Shanghai have maintained a strong momentum in the first two months of 2023, with nearly 10,000 EVsshipping out at one port in the past week. In January of this year, two major automobile outbound ports of the cit

Two months on from the initial sanctions on Russian crude, we take a look at the impact that these restrictions have had on the Tanker markets. Additionally, we analyse the impact of the new round of sanctions on refined petroleum products

All about methanol What is methanol? Methanol (methyl alcohol, CH3OH or MeOH) is a biodegradable wood alcohol used to make everything from plastics to paints and pharmaceuticals. Although it is toxic and highly flammable, it dissolves in wa

Clean The majority of the Baltic Exchange CPP freight routes have fallen this week, which was reflected in the BCTI dropping to under the 1000 mark. In the Middle East, LRs have taken a tumble after improving. On the LR2s TC1 peaked at just

The Fog of War It now marks one year since the Russian invasion of Ukraine. Instead of being a short military operation, it has evolved into a protracted war with thousands dead and injured on both sides, severe devastation to Ukraine and n

Piraeus, Greece, February 24, 2023. Capital Ship Management Corp. (Capital) took successful delivery of the newbuilding vessel M/T Agisilaos, a 50,000 dwt, eco-type Chemical/Product MR tanker, built by Hyundai Vietnam Shipyard Co Ltd, Vietn

Global, sector-focused law firm HFW has continued to support the development of a new Geneva Declaration designed to define and defend the human rights of the global maritime population and those crossing the worlds oceans and seas. HFW pre

In January, China won all 17Pure Car Truck Carrier(PCTC) orders worldwide. From 2016 to 2020, only four PCTCdeliveredannually. However, the export volume of new energy vehicles continues to climb, greatly boosting the demand for PCTC. Stati

Hong Kong, 23 February 2023 Pacific Basin Shipping Limited, one of the worlds leading dry bulk shipping companies, today announced the results of the Company and its subsidiaries (collectively the Group) for the year ended 31 December 2022.

The unveiling ceremony for Shandong Port (Southeast Asia) Companyand abusiness promotion meeting of Shandong Port Group (SPG) wereheld in Singapore on Feb 20. During the event, SPG and many of its subsidiaries signedcooperation agreements w

Despite reports of global piracy declining for the second year in a row, the number of robbery incidents in the Singapore Strait reached a seven-year high in 2022 and vessels anchored in South American ports continue to be attacked by viole

Taipei, Feb. 22, 2023 Wan Hai Lines Ltd. held ship naming ceremony for WAN HAI A01 accompanied by a charity donation today (22ND February) at HYUNDAI Heavy Industries Ulsan Shipyard. WAN HAI A01 is the first vessel in the series of 13,200 t

Chinas new generation of high-performance ultra-large containership, NACKS 335, set off on a test voyage from Nantong City of east Chinas Jiangsu province on Tuesday morning. The mega vessel built by Nantong COSCO KHIShipEngineering Co., Lt

In what the Club has characterized as a disciplined renewal West PI retained 99% of its existing tonnage while gaining an additional 6m GT across the year. Adjustments throughout the year together with restorative action at renewal saw the

On February 23, 2023, the Naming Delivery Ceremony of M/V SITC CHANGMING was successfully held by SITC International Holdings Co., Ltd. (SITC) and YANGZIJIANG Shipbuilding Group Ltd (YANGZIJIANG). Mr. Ji Wenguang, General Manager of SITC BR