Hapag-Lloyd has concluded the first half of 2022 with an EBITDA of USD 10.9 billion (EUR 10 billion). The EBIT rose to USD 9.9 billion (EUR 9.1 billion), and the Group profit climbed to USD 9.5 billion (EUR 8.7 billion). We have benefitted

Dalian and Singapore iron ore futures advanced on Thursday, as restocking and speculative buying underpinned spot prices in top steel producer China, but doubts remain on the sustainability of a recovery in demand for the steelmaking ingred

Although air lubrication has been increasing operational flexibility and reducing fuel consumption and emissions for major players in the maritime industry for over a decade, there are still some misconceptions surrounding this innovative e

Bergen, Norway, 11August2022 -German shipowner OKEE Maritime, which manages a fleet of ten container vessels in regional feeder services worldwide, adopts StormGeos digitalization tools to improve environmental performance, including StormG

Singapore-based dry bulk owner Berge Bulk announces that it had signed agreements with Anemoi Marine Technologies Ltd a global leader in wind-assisted propulsion for commercial vessels to supply and fit two vessels in their dry bulk fleet w

While decisions on future fuels are probably taking up much of the bandwidth of shipowners, there is also an understanding that energy efficient technologies will help to alleviate operators expenses.Bunkerspotspeaks with Silverstream Techn

LONDON, 10th August 2022: Drydocks World-Dubai announced today the signing of a strategic agreement with maritime technology company, Silverstream Technologies, to promote the use of market-leading air lubrication technology, for the vessel

On 9 August, the Indonesian Energy and Mineral Resources Minister announced that 71 coal miners failed to meet their domestic market obligations, and that 48 of them are now banned from exporting coal. The ban comes into force just as the E

The Joint Coordination Centre (JCC) of the UN backed Black Sea Grain Initiative has issued the Procedures for Merchant Vessels to facilitate the safe export of foodstuffs and fertilizers from the ports of Odessa, Chornomorsk and Yuzhny (Piv

On August 10, China Merchants Energy Shipping announced that it plans to increase the capital of CLNG by 61.7 million US dollars for the joint venture invested and established by CLNG to build seven new 174,000 m3 membrane-type LNG carriers

On the early morning of August 10, the heavy-haul fishing boat Huchongyu110XX was accidentally grounded on its way back to Hengshayugang Port, which is a listing ship. Chongming MSA rushed to rescue the fishing boat and 9 people were rescue

On August 10, the first 109,000 DWT Aframax dual fuel product tanker PROTEUS JESSICA built byCSSC Shanghai Waigaoqiao ShipbuildingforBank of Communications Financial Leasingwas delivered. PROTEUS JESSICAis 249.95 meters long, 44.00 meters w

Research manager Mia Elg of Deltamarin (Photo: Deltamarin) Shipowners and operators should be well into planning ahead for the EEXI and CII regulations coming in from 2023, and what improvements they should make so their ships comply. The b

Lars-Henrik Folke Ossum, Chief Digital Officer, Astrup Fearnley, takes the stage at the Nor-Shipping 2022 Hackathon Astrup Fearnley, Veracity by DNV and Microsoft Norway joined forces at this years Nor-Shipping to demonstrate how digital in

Short- and long-term rates converge on Far East to US routes, offering opportunity for carriers and shippers alike Declining spot rates on the Far East to US West Coast and East Coast ocean freight trades have converged with historically st