The Baltic Exchanges main sea freight index rose on Monday, snapping a 10-session losing streak, as capesize rates logged their best day in more than three weeks. The overall index, which factors in rates for capesize, panamax, and supramax

Alfa Laval has signed an agreement to acquire BunkerMetric, a Scandinavian software company that develops advanced decision support tools for marine bunker vessels. The acquisition is part of Alfa Lavals strategy to expand its digital marin

Leading private equity firm Montagu has announced an agreement to acquire Maritime Intelligence, commonly known as Lloyds List Intelligence, from Informa Plc. MONTAGU, a private equity firm, has announced a deal to acquire Lloyds List Intel

On August 8, the steel cutting ceremony of the second large cruise ship was held at Shanghai Waigaoqiao Shipbuilding Offshore of CSSC. The large cruise ship is Vista class, classified by LR and CCS, owned by CSSC Carnival. It is understood

On August 7, Yangzijiang Shipbuilding Group released its financial report for the first half of 2022. According to the announcement, in the first half of 2022: The groups revenue increased by 70% to RMB 9.7 billion compared with the same pe

On August 4, Dalian Shipbuilding Industry and COSCO Shipping Energy Transportations concept design of VLCC and Suezmax tanker with CO2 capture and storage system clinched the AIP certificate issued by CCS, DNV and ABS. The opinions expresse

MPA chief executive Quah Ley Hoon will step down on Sep 5. PHOTO: LIANHE ZAOBAO Senior Appointment Changes Ms Quah Ley Hoon, currently the Chief Executive of the Maritime and Port Authority of Singapore (MPA), will be stepping down on 5 Sep

Chinas bulk commodity market saw slower growth in July compared with the previous month, industrial data showed. The China Bulk Merchandise Index, a gauge of domestic bulk commodity market growth, stood above the boom-or-bust line of 100 pe

Taipei, Aug. 5, 2022 Wan Hai Lines Ltd. held ship naming ceremonies for WAN HAI 351 、 WAN HAI 352 and WAN HAI 353 accompanied by a charity donation today (5TH . August). Due to the COVID-19 pandemic, a physical ceremony was replaced by an

Yang Ming Marine Transport Corp. (Yang Ming) will add one more new 11,000 TEU container vessel, YM Throne. The vessel is chartered from Shoei Kisen Kaisha, Ltd. and built by Imabari Shipbuilding Co., Ltd. The naming ceremony of YM Throne to

Ningbo-Zhoushan Port ranked first among Chinas top 10 ports in terms of cargo handling capacity, handling 640 million tons of cargo in the first half of the year according to the 21st Century Business Herald. Eight out of Chinas top 10 port

Headwinds Tailwinds Bearish economic news has recently dominated headlines, increasing fears of a global recession. According to SP Global, Eurozone manufacturing activity contracted in July, with the Purchasing Managers Index (PMI), the le

Copenhagen, Denmark: Today, A.P. Moller - Maersk (Maersk) has reached an agreement to acquire Martin Bencher Group, a Denmark-based project logistics company with premium capabilities within non-containerised project logistics. Martin Bench

China Merchants Energy Shippingannounced that CMES LNG, an overseas wholly-owned subsidiary, and Sinochem Petroleum Shipping Singaporehave completed three long-term charter agreements for LNG carriers. In the terms of chartering ships, the

China has made multiple technological breakthroughs in the marine industry this year, and the countrys ports posted smooth operation in July with steady throughput growths. China StateShipping Corporation (CSSC) delivered the worlds first L