Paris October 10th, 2022.GTT has signed a Technical Assistance and License Agreement with China Merchants Heavy Industries-Jiangsu (CMHI-Jiangsu), a subsidiary of China Merchants Industry Holdings (CMI), one of the three leading shipbuildin

The Baltic Exchanges main sea freight index (.BADI) fell on Monday, pressured by a dip in the capesize and panamax vessel segments. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was down 17

On October 9, COSCO Shipping and SAIC Motor signed an agreement. COSCO Shipping plans to transfer 5.00% of the shares held by COSCO Shipping Holding to SAIC Motor by means of free transfer. Meanwhile, SAIC Motor plans to transfer its 5.82%

London, 10October 2022.Dedicated newbuild contracting by regional Mediterranean owners will have to increase in the coming years to replace ageing vessels removed from the fleet as progressively tighter environmental regulations come into f

According to the relevant documents of Shanghai Municipal Transportation Commission, from 0:00 on October 15, 2022 to 24:00 on October 23, Shanghai Port (except Yangshan Port Area) will suspend the port operations of explosives and radioact

Chinas reliance on imported gas is increasing despite government efforts to boost domestic output, creating an intensifying problem for both energy and national security. Chinas gas production increased by 6% in the first eight months of 20

Alfa Laval has signed a partnership agreement with Cepsa, a leading international energy company committed to sustainable mobility and energy, to support the work to reduce CO\2\ emissions. During the three-year agreement period, Alfa Laval

While the Indian Ocean piracy High Risk Area will be removed on 1 January 2023, regional conflicts, heightened military activity, and increased political tensions continue to pose threats to merchant vessels operating in this geographic are

The Secretary-General of the International Maritime Organization (IMO) has signed a partnership agreement with the Commonwealth Secretariat, under which both organisations commit to strengthening the maritime and port sectors in selected de

As the shipping industry continues its journey to decarbonisation, our 2022 Alternative Fuels member survey reveals the current state of play, and the challenges members face as we look towards the IMOs 2030 and 2050 deadlines. In this, the

Suez Canal revenues increased in the third quarter of this year by 23.5 percent year-on-year to hit $2.1 billion the highest figure ever recorded, official data has revealed. This increase is supported by the unprecedented jump in revenues

On October 7th, China Classification Society (CCS) and CSSC (Hong Kong) Shipping Company Limited signed a cooperation framework agreement. According to the agreement, the two sides will jointly seize the development opportunities of green s

The Capesize market inched higher this week as increased activity continues to lift expectations with the 5TC closing at $19,874, up 3,660 over the week. The Atlantic remains the more optimistic region. However, closing the week it looks li

Shipping and commodities firms will commission more ships partly powered by liquefied natural gas (LNG) next year while ramping up trials for biofuel bunkering as they seek to cut emissions from ship operations, senior executives said this

Turbo SmartCare utilizesoperational data to re-invent turbocharger service agreements for medium-speed, four-stroke engine turbochargers. Data-led servicing enables optimized turbocharger maintenance for more flexibility,enhanced OPEX and p