Ryan Petersen, chief executive officer of Flexport, participates in a panel discussion during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Wednesday, May 4, 2022. KEY POINTS Supply chain software startup Fle

Chinese New Year fails to bring joy for carriers, as blank sailings soar In a stark display of the weak demand undermining the containerized ocean freight industry, the latest data from Xeneta reveals carriers blankedmore than sixtimes the

In 2022, the new shipbuilding market of LNG carriers in the world presents an unprecedented blowout trend. CSSC has made a major breakthrough in the undertaking of large-scale LNG carriers, which will become the biggest highlight of the hig

At around 1505 on January 10, an empty tanker HONGPU 6 exploded and caught fire at 35.22.6N, 120.44.2E in Yellow Sea, trapping 17 crews on board. Fifteen have been rescued and two are missing , understood to be an AB and a MTM . The tanker

Weak economic activity, a 10.5% increase in domestic coal mining, and a recovery in coal imports from Mongolia via rail alleviated coal shipments to China in 2022. However, the end of Chinas zero Covid policy and an anticipated recovery of

The Inter-Club Agreement (ICA) was formulated by International Group of PI Clubs in 1970. It is intended to provide a relatively simple mechanism whereby liability for cargo claims arising under New York Produce Exchange Form (NYPE) or Asba

As Chinas new energy vehicle manufacturers continue to upgrade their technology and improve their production efficiency, exports have been booming. In Yuyao, Ningbo, Zhejiang province, the Lynk Co factory has achieved higher value-added pro

London Shanghai, 11th January 2023 :Silverstream Technologies today announced it has signed a deal with China Merchants Energy Shipping (CMES) to install its market-leading air lubrication technology, the SilverstreamSystem, on four 175,000

Belgian oil tanker and storage group Euronav disputes Frontlines right to end a merger agreement between the companies and is considering its options, including arbitration and legal action, it said on Wednesday. Oslo-listed oil transporter

Swiss-based liner major Mediterranean Shipping Company (MSC) is starting the year on a high note with the construction of its New Panamax giants in China making headway. Namely, Dalian Shipbuilding(DSIC), part of China State Shipbuilding Co

(10 January 2023, Hong Kong) CIMC Enric Holdings Limited (CIMC Enric) and its subsidiaries (collectively, the Company) (Hong Kong stock code: 3899.HK) are pleased to announce that CIMC Blue Water Technology Development (Guangdong) Co. (CIMC

On January 10, Wanhai Lines released data showing that Wanhais revenue in December 2022 was NT $11.458 billion, down 50.7% year on year; Revenue in 2022 was NT $258.87 billion, up 13.54% year-on-year. Wanhai explained that the revenue plung

Tons of thermal coal are unloaded and transported at a port in Lianyungang, East Chinas Jiangsu Province on December 21, 2022. Photo: VCG Chinese steel companies have recently started resuming coal imports from Australia, as part of efforts

The key regulations that have been highlighted for 2023 are for targeting the ships efficiency and carbon emissions. These regulations aim to reduce the carbon emissions for existing and new ships, using energy efficiency indicators to dete

Photo: Campbell Shipping The long-standing Inmarsat customer has extended its Fleet Xpress agreement for 12 vessels and adopted value-added services for remote maintenance and cyber security. Bahamas-based ship-management group Campbell Shi