Supply-demand relationship remained weak, and the composite index continued to decline Ningbo Containerized Freight Index: In the week ending Jul-15, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes

Yang Ming Marine Transport Corp. (Yang Ming) has welcomed its newest 11,000 TEU class container vessel, YM Tutorial. The vessel is chartered from Shoei Kisen Kaisha, Ltd. and built by Imabari Shipbuilding Co., Ltd. YM Tutorial was named at

The Chineseshipbuilding market has been buzzing this year, with global orders for roll-on/roll off (roro)ships, chemical tankers and liquefied natural gas (LNG) vessels pouring despite disruption caused by the COVID-19 pandemic. In Nanjing,

Shandong Port Group (SPG) issuedits first medium-term note worth 1 billion yuan ($148.25 million) on June 23, which showcases the achievements SPG has made in integration reform in the capital market, and has helpedthe group set up a compre

Gibson Tanker Market Report Taking Stock Back in March we looked at commercial stock developments for both crude and products in the key trading hubs. Whilst the invasion had just begun and therefore not yet had any impact on inventory leve

China held its lead in the global shipbuilding industry in the first half of 2022, with 45.2 percent share of the global market, according to multiple indicators on Thursday. The nations shipyards completed 18.5 million deadweight tons (DWT

CNOOC issued an announcement on the pre-increase of interim results in 2022. The net profit attributable to shareholders of the parent company of CNOOC in the mid-2022 is expected to be RMB 70.5 billion to RMB 72.5 billion, an increase of R

Spot rate developments show fluctuating fortunes for ocean and air freight out of Far East While spot rates are sailing in the right direction for ocean freight from the Far East to the South America East coast, short-term air freight rates

China is expected to have nine of the worlds top 20 container ports by the end of this year, according to a forecasting report released by the Chinese Academy of Sciences (CAS). Among the top 20 ports, the Shanghai port will have the most t

Wrtsil plans to ramp down manufacturing in Trieste, Italy and to centralise its 4-stroke engine manufacturing in Europe to Vaasa, Finland. Ending the manufacturing in Trieste is expected to impact approximately 450 employees with potential

On July 13, JOSCO ALMA left the 801 berth of Nanjing Port Longtan Container, marking the official opening of Nanjing-Taicang-Haiphong-Ho Chi Minh Southeast Asia container trade route. At the ceremony, Jiangsu Ocean Shipping and Nanjing Port

Strict South African laws prevent disembarkation of stowaways in South African ports. Many stowaways in South African ports originate in Tanzania and are repeat offenders. Their objective for stowing away repeatedly appears to be the travel

EMSAs remotely piloted aircraft is in operation in the vicinity of the Strait of Gibraltar providing the Spanish Ministry of Transport, Mobility and Urban Agenda with the capacity to monitor sulphur and nitrogen emissions of passing ships.

Finland-based power electronics specialist is set to join forces with leading maritime energy storage system (ESS) manufacturer Corvus Energy to continue the development of its smart Battery Short-Circuit Limiter (BSCL) protection device fo

Pacific International Lines (PIL) announced the launch of two new initiatives today, which would further enhance its operational efficiencies and strengthen the capabilities of its sea crew in navigation safety. 1)PIL Centre for Maritime Ef