On March 18,COSCO SHIPPING InvestmentDalian, a subsidiary of COSCO SHIPPING Group, and Shanghai Linker Groupjointly acquired the equity of Hainan ZhaogangMarine, and the three parties signed an equity transfer agreement. This signing offici

GTT has received an order from its partner the Chinese shipyard Jiangnan for the LNG fuel tank design of four very large LNG-fueled container vessels, able to carry 14,000 containers each, on behalf of Pacific International Lines (PIL), a l

Chinas index of export container transport edged down in the past week ending Friday, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) went down 1.9 percent to 3,301.1, said the exchange. The

More than 90% of the goods traded internationally are shipped by sea, according to the Organisation for Economic Co-operation and Development, with maritime trade volumes set to triple by 2050. About 60% of those goods everything from appli

Chinas coastal bulk freight market increased in general demand in the week ending Friday, according to the Shanghai Shipping Exchange (SSE). The composite index for coastal bulk freight increased 3 percent week-on-week to 1,254.16, said the

Chinas ports recorded growth of cargo throughput in the first two months of the year amid the countrys steady economic recovery, data from the Ministry of Transport showed. Cargo throughput at ports came in at 2.36 billion tonnes in the two

The Seafarers International Relief Fund (SIRF) has launched a new appeal to the maritime industry to support seafarers and their families impacted by the crisis in Ukraine. TK Foundation have already generously donated $50,000 donation to t

New research has found that where cyberattacks in the maritime industry lead to a ransom payment, shipowners pay more than $3 million on average to the perpetrators. The report, which was produced by maritime cyber security company CyberOwl

CEOs, industry heads and key ocean stakeholders are preparing to supercharge change at Nor-Shipping 2022 in the Blue Talks series of panel discussions. The 12 talks take place in the Blue Economy Hall at Nor-Shippings Lillestrm exhibition f

Data-sharing could unlock billions of dollars in commercial benefits for shipping as well as accelerate decarbonisation. But legacy systems and a restrictive mindset are hindering the industrys digital transformation and stalling the vital

On March 17, COSCOSHIPPINGheld a video conference with Sinopecand China State Shipbuilding Corporation to discuss further deepening cooperation in the field of LNG transportation and ensuring national energy transportation security. Wan Min

Earlier this month, Chinese shipbuilder COSCO Shipping Heavy Industry (Dalian) delivered an energy-saving eco-friendly MR product and crude oil tanker to COSCO Shipping Energy Transportation. The 49,900 dwt Yuan Yu He was classed by China C

The global shipping industry has already taken a big hit from COVID-19, highly volatile fuel prices, and the ongoing geopolitical crises. Consumers the world over will be bearing the brunt of it. About 140 ships with over 1,000 crew are stu

The supply and demand relationship did not perform well, the composite index continued to fall Ningbo Containerized Freight Index: In the week ending Mar-18, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE

Tight Tanks Each week, Gibson monitors developments in refined product and crude oil inventories. Even before the invasion of Ukraine and subsequent sanctions on Russia, stocks were low in every major trading hub, leaving the world exposed