Transportation demand has not recovered, and the composite index continued to fall Ningbo Containerized Freight Index: In the week ending Aug-5, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 2912

The Baltic Exchanges main sea freight index fell to a fresh six-month low on Friday and posted its fourth consecutive weekly decline as rates slid across vessel segments. The overall index, which factors in rates for capesize, panamax and s

Turbulent Takeoff This summer travel season has been marked by widespread flight cancellations, airport chaos and lost luggage. Amidst this disruption, the European jet fuel market is going through an interesting period given higher demand

The World Health Organisation (WHO) has determined that the outbreak of Monkeypox in more than 75 countries constitutes a Public Health Emergency of International Concern. The Emergency Committee Report and temporary recommendations are ava

Recently, Northern Navigation Service Center, Maritime Safety Administration, Peoples Republic Of China successfully set up 11 virtual AIS navigation marks in the public navigation route from Yantai Port to Weihai Port, which is the first d

On August 10, the Hydrogen Energy Industry Development Plan of Liaoning Province (2021-2025) was released. It is mentioned in the Development Plan that by 2025, fuel cell ships and other industries will achieve breakthroughs, and the total

On August 11, Dalian Shipbuilding Industry, a subsidiary of CSSC, held a christening ceremony for the 85,000 DWT bulk carrier No. 13 built by DSIC Shanhaiguan Shipbuilding for Shandong Huachen Financial Leasing. The ship was christened TRAN

On August 10, 2022, the online Delivery Ceremony of M/V SITC CHUNMING was successfully held by SITC International Holdings Co., Ltd. (SITC) and YANGZIJIANG Shipbuilding Group Ltd (YANGZIJIANG Shipbuilding Group). During the building of SITC

The current Administration of the Panama Maritime Authority responsible for the Ship Registry, began its management in July 2019, when the situation of the Registry, according to Clarkson Research, presented a growth in negative numbers (-2

Yang Ming Marine Transport Corporation (Yang Ming) held the 376th Board Meeting earlier today to approve and pass its financial report for the first half of 2022. The consolidated revenues in Q2 stood at NT$ 109.45 billion (US$ 3,809.52 mil

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