Chemical tanker RYOSHIN MARU collided with Chinese general cargo ship XIN HAI 99 at around 0200 Tokyo time Aug 20 some 2 nm off Kushimoto, Wakayama Prefecture, southeast Honshu. Ships were sailing in opposite directions, tanker bow struck c

The freight rates of the routes all fell, and the decline of the composite index expanded Ningbo Containerized Freight Index: In the week ending Aug-12, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quo

Seafarers Happiness Index (SHI) Quarter 2 2022 results are a measure of the happiness level of seafarers amidst the backdrop of the Covid-19 pandemic and the geopolitics of Russia and Ukraine. Yet this quarter registers a welcome rise in op

Orient Overseas (International) Limited announced a profit attributable to equity holders of US$5,663.6 million for the six-month period ended 30th June 2022, compared to a profit of US$2,810.9 million for the same period in 2021. Earnings

Capesize The Capesize market continued to soften this week leaving little ambiguity about the state of the market as the 5TC posted at a low of $6,267 on Friday. While the Pacific rates have already been bottoming out in recent times, the A

The 2022 Qingdao Land-Sea Linkage Seminar kicked off in Qingdao on Aug 15, which was hosted by the Shandong Provincial PeoplesGovernment, and jointly organized by the Qingdao Municipal PeoplesGovernment, Shandong Transportation Department a

Hutchison Ports confirmed earlier reports that it has reached new agreements with the Egyptian government for an expansion of its container terminal operations in the country. News of this agreement comes just days after Maersk also entered

On August 7, the crew of M.V. DA KANG, a vessel operated by COSCO SHIPPING Specialized Carriers, was diligently working to lift and unload the wind power equipment at berth 3 of DMP Terminal in the Port of Djibouti. With the last piece of f

VLCCs back in the game? This week, benchmark VLCC earnings (non-scrubber, non eco) surged to over $40,000/day after spending nearly 20 months with TCEs either negative or below fixed operating costs. TCEs have found supportfrom a combinatio

Feng Ping, deputy general manager of Chery Automobile, said that COSCO Shipping Specialized Carriers had launched the solution in a short period of time, which solved our urgent problem. Cherys car accounted for about 40% in COSCO SHIPPING

SINGAPORE, 16 Aug 2022 PaxOcean Engineering Pte. Ltd. has signed a Memorandum of Understanding (MOU) with Singapore-based bunker vessel operator Hong Lam Marine and classification society Bureau Veritas (BV) to jointly develop an ammonia bu

Helsinki, Finland 18th August 2022: Norsepower Oy Ltd., the leading global provider of auxiliary wind propulsion systems, today announced a contract with Dalian Shipbuilding Industry Co. Ltd. for delivery of single Rotor Sails onboard two n

On August 18, Yang Ming Marine Transport Corporationannounced that it had ordered 18,600 containers, with a total transaction amount of $95 million - $105 million. In March, YangMing bought 20,000 containers for $110 million to $120 million

South American spot rate gap set to narrow as shippers take advantage of lower Far East to West Coast rates The latest ocean freight rate data from Xeneta reveals that spot rates are currently USD 3700 more expensive for shipping 40 contain

On August 17, Xie Chunlin, Chairman of China Merchants Energy Shipping paid a call on Gu Jinsong, Chairman of COSCO Shipping Bulk. Ding Lei, Vice President of CMES, Chen Xinchuan, President of COSCO Shipping Bulk, and Chen Yan, Vice Preside