Heading East? While the sanctions list against Russia is growing longer as the days go by, the International Energy Agency (IEA) is warning that Russian exports of crude and products could fall by 2.5mbd amid a growing number of oil compani

China Oilfield Services Limited released its 2021 annual audited financial report today. In 2021, under the background of the slow recovery of the global economy, the Company analyzed and studied the situation of the industry, focused on th

CIMC Enricreleased its annual performance report for 2021. The report shows that in 2021, the total revenue ofCIMC Enricwas 18.42 billion yuan, an increase of 50% year-on-year, a record high. The net profit was 910 million yuan and the net

Maritec Pte Ltd has tested several samples representing VLSFO deliveries in Singapore with flashpoint as low as 53C for the period of 18th Mar 2022 to 22nd Mar 2022 from various suppliers. SOLAS Chapter II-2, Part B, Reg. 4. Clause 2.1.1 st

Integrated Wind Solutions ASA (IWS) announced that it has, through its fully owned subsidiary, IWS Fleet AS, entered into shipbuilding contracts for the construction of two Walk-to-Work Commissioning Service Operations Vessels (CSOV). The v

Another containership has reportedly fallen victim to storms in the Northern Pacific. Maersk is confirming reports that a chartered containership it operates suffered a very serious incident, with a collapse of container stacks and the loss

Chinas logistics throughput in January and February grew by 7.2 percent year on year, according to the China Federation of Logistics and Purchasing on Thursday. The logistics volume in the two months was notably higher than the same period

Image: Hegh Autoliners MacGregor, part of Cargotec, was selected to supply comprehensive packages of RoRo equipment for four Aurora class pure car and truck carriers (PCTCs) to be built by China Merchant Heavy Industries (Jiangsu) Co., Ltd.

Chinese stainless steel futures soared as much as 10% on Thursday to their highest since March 9, after raw material nickels prices hit upper limits on both the London Metal Exchange (LME) and the Shanghai bourse. Benchmark nickel on the LM

The Baltic Exchanges dry bulk sea freight index fell on Thursday as a dip in capesize rates overshadowed gains in the panamax and supramax segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shi

With a new train diagram to be put into operation from April 8, China will launch additional cargo trains to boost coal transport amid the countrys efforts to ensure energy supply. According to the diagram, new cargo trains will be added to

A cargo ship left the Qingdao automated port terminalinEast Chinas Shandong provincefor Australia on March 18, marking the official launch of the direct shipping route from Qingdaoto Australia. The direct shipping route is jointly operated

VDL AEC Maritime in Eindhoven has received an order for the delivery of two retrofit scrubber systems to Seatrade Groningen BV. With this order VDL AEC Maritime extends its portfolio for the first time in their own home country, nd to a Dut

Several MoU and contracts were signed, and products launched at APM 2022 The 17th edition of Asia Pacific Maritime (APM), Asias premier shipbuilding marine, workboat and offshore exhibition and conference, concluded on an upbeat note with a

Xeneta , the leading ocean and air freight rate benchmarking, market analytics platform and container shipping index, today announced the appointment of two new sales executives. Scott Irvine joins Xeneta as VP of Freight Forwarding and Lau