On May 19th, the worlds largest 24000TEU Ultra Large Container Carriers (ULCC) No.2 built by Hudong-Zhonghua was successfully undocked in Changxing Shipbuilding Base. On the same day, the 13000-ton multi-purpose heavy lift vessel No. 12 was

As part of entering into a Global Agreement (Deed) with COSCO Shipping (Qidong) Offshore Co. Ltd which forms part of the recently completed financial restructuring, Prosafe and Cosco have agreed extended delivery flexibility relating to the

Danish shipping and logistics giant A.P. Moller-Maersk said demand for transport services will surge in Chinas Yangtze River Delta region in the coming weeks, as a growing number of manufacturers in Shanghai have relaunched operations, said

The Baltic Exchanges main sea freight index rose on Thursday, due to higher rates for all vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 100 points, or 3.1%, at 3,28

As Shanghai steps up resumption of businesses after containing the recent COVID-19 resurgence, Shanghai Port, a major transportation hub, has seen its container throughput recover to over 80 percent of normal capacity. According to the Shan

Asian Shipowners Association (ASA) held its 31st Annual General Meeting online on 19 May 2022. The meeting was hosted by the Korea Shipowners Association (KSA) and attended by representatives from all ASA member associations. The focus of t

The Poseidon Principles are a framework for measuring and publicly reporting the carbon footprint of financial institutions shipping portfolios. With DekaBank as the latest Signatory, the Poseidon Principles are now estimated to cover over

On May 18th, the press conference of industrial application of apply pentane as a new welding and cutting fuelwas held in Guangzhou ShipyardInternational Company Limited.This achievement is the first time that pentane is successfully used a

Long-term reefer rates soar to all-time highs on US West Coast to Far East trades According to the latest crowd-sourced data from Xeneta, long-term rates for reefer containers on the key US West Coast to Far East route soared almost 60% in

On May 18, the second 210,000 DWT bulk carrier SHANDONG PEACE built by CSSC Qingdao Beihai Shipbuilding for CDB Leasing and Shandong Shipping was successfully delivered and a christening ceremony was held. SHANDONG PEACE is the final ship o

On May 19, the 1800TEU container ship SITC RENDE built by Yangzijiang Shipbuilding for SITC International started its maiden voyage after delivery. During the period of building SITC RENDE, all parties overcome the difficulties of the epide

The minimum monthly basic wage for able seafarers is to be raised, following a resolution agreed by a subcommittee of the Joint Maritime Commission (JMC) of the International Labour Organization (ILO). The meeting agreed to raise the ILO mi

Chinas first unmanned intelligent scientific researchshipwas launched in Guangzhou, south Chinas Guangdong Province on Wednesday, marking that the building of theships main structure has been completed and the installation and testing phase

Recently, multiple embassy of China have issued the adjustment of requirements for seafarers to China through their WeChat official accounts. The Embassy of the Peoples Republic of China in the United Arab Emirates will no longer require se

This years summer peak season cargo surge will be even more chaotic for global supply chains than the 2021 peak shipping season, according to forwarders, traders and shippers surveyed by Container xChange , a marketplace and technology infr