With the decline of bulk carrier freight rates, Wisdom Marinesperformance fell to a nine month low in November. On December 5, Wisdom Marine released its financial report. In November, its consolidated revenue was NT $1.716 billion (about 3

The 67th COSPAS-SARSAT Council was opened to the public from November 16 to 29. At the opening ceremony, it was officially announced that China and the four Parties had signed the Statement of Intent on the BDS joining the Medium-altitude E

On December 4, COSCO Shipping Heavy Industry and COSCO Shipping Energy Transportation signed a joint development and cooperation agreement on Avramax tanker. The two sides will jointly develop a ship type that meets the operation characteri

End of October 2022 total fleet values in the Top 10 Ship Owning Nations Regions include the vessel types covered by VesselsValue: Bulker, Tanker, Container, Reefer, Small Dry, LNG, LPG, Vehicle Carriers, RoRo, Cruise, OSV, OCV, MODU and CT

On December 2, 2022, the online Delivery Ceremony of M/V SITC CHENMING was successfully held by SITC International Holdings Co., Ltd. (SITC) and YANGZIJIANG Shipbuilding Group Ltd (YANGZIJIANG Shipbuilding Group). During the construction of

The commercial crude oil storage tank (phase II) atDongjiakou Port Area, Qingdao Port, run by Shandong Port Group (SPG), was officially put into operation on Nov 26. A total of 24 floating roof storage tanks,each with a capacity of 100,000

Hong Kong Maritime Week ended on Nov 26 with the big message from the shipping industry that more policy attention is needed for the city to expand its reach as a global shipping center, as well as to meet international shipping decarboniza

The Baltic Exchanges dry bulk sea freight index snapped its three-session losing streak on Tuesday, supported by higher rates for capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax and supramax shi

Since Starlink announced its connectivity services for the maritime industry, customers have shown big interest in Low Earth Orbit (LEO) satellite communications at sea, because of the systems ability to provide high-speed Internet at very

On November 25, Lloyds Register of Shipping issued the AiP Certificate for the design of methanol-fueled 2900TEU container ship of CIMC ORIC. This design will be promoted in the global feeder ship market and is expected to become the main s

On December 5, the MARLA BULL under the Southeast Asia Route CT3 of ZIM made its maiden voyage to Xiamen Port, which directly reaching Laem Chabang and Bangkok, Thailand and Haiphong, Vietnam, to better serve the export trade of vegetable a

The G7s cap on the price of Russian oil started on Monday, with Moscow saying that the move will not affect its special military operation in Ukraine, and insisting it would rather cut production of the fossil fuel than sell it at a price d

Recently, EverbrightFinancialLeasing delivered three VLGCs to customers in the form of financial leasing, with the leasing amount exceeding US $180 million, and the fourth ship is scheduled to be delivered at the beginning of 2023. This pro

On 18 November, Indias government removed export tariffs on iron ore and some intermediary steel products. However, this was not enough to keep domestic ship demolition prices from dropping to USD 525 per Light Displacement Tonnage (LDT) at

China Merchants Energy Shipping (CMES) has revealed another order for two 175,000 cbm LNG carriers at compatriot shipbuilder Dalian Shipbuilding Industry Company. The company plans to allocate up to $235 million per vessel, pushing the tota