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

14th July 2022 Hanseaticsoft, a leading provider of maritime software and part of Lloyds Registers Maritime Performance Services, is expanding its presence in Greece, signing Iason Hellenic Shipping Co. Ltd., a leading international transpo

Swiss marine power company WinGD has signed a proof-of-concept agreement with emissions data specialist Chord X to develop digital solutions focused on sustainability in shipping. Among several areas of development, the partnership aims to

Container xChange s new Demurrage Detention Benchmark 2022 report , published today, compares Demurrage Detention (DD) rates* imposed on customers by the worlds ten largest shipping lines across 60 of the worlds biggest container ports. The

On July 12, the Maritime Silk Road . Ocean Expo Ningbo Online was held. Maritime Silk Road . Ocean Expo Ningbo will focus on the needs of the upgrading and development of ralated industries in Ningbo and the Yangtze River Delta Marine Econo

On July 12, the Fortune Plus APP released the 2022 Fortune China 500 ranking, taking into account the performance and achievements of the worlds largest Listed Chinese companies over the past year. Thanks to rising international freight rat

On July 13, Ningbo Zhoushan Port held a grounding breaking ceremony for Zhongzhai Pre-blending Project in Chuanshan port. The project by Ningbo Zhoushan Port Company Limited, Vale, Shagang Group, is the worlds biggest port, the global bigge