On February 22, Dalian Shipbuilding Industry, a subsidiary of China State Shipbuilding Corporation, held the christening ceremony for the 115,000 DWT crude/product carrier No. 5, which was named MAERSK STINA. The ship is equipped with FRAMO

On 16 November 2021, the Ports of Los Angeles and Long Beach introduced a new queuing process for Container Ships. On 10 January 2022, it was expanded to San Francisco Bay Area for the port of Oakland. The purpose was to increase safety and

COSCO Shipping Ports has handled 8.6 million TEU across all of its terminals in January 2022, reports Londons Port Technology. The companys terminals in the Bohai Rim saw a monthly throughput of 1.2 million TEU, down 13.4 per cent compared

Chinas index of export container transport increased 0.6 per cent to 3587.91, reports Xinhua. The sub-reading for the W/C America Service led with a week-on-week increase of 4.4 per cent. The China Containerised Freight Index (CCFI) tracks

The Baltic Exchanges dry bulk sea freight index rose for a third straight session on Tuesday, climbing to its highest in more than a month as rates across vessel segments strengthened. The overall index, which factors in rates for capesize,

With effect from 7th March 2022, Orient Overseas (International) Limited will be included as a constituent stock of the Hang Seng Composite Index, one of the benchmark indexes of the Hong Kong Stock Exchange, following the Index Review Resu

DNV has awarded Odfjell Oceanwind an Approval in Principle (AiP) for their new Deepsea Semi floating wind foundation design. The Deepsea Semi floating wind foundation design has been developed for use in floating wind farms and for off-grid

Steerprop has signed a five-year contract with Siem Offshore regarding the propulsion monitoring service Steerprop Care Premium for three of the Norway-based offshore vessel companys platform supply ships. Steerprop Care is designed to enha

In Yangshan port area of Shanghai port, a worlds largest 20000m3 LNGbunkering ship isto provide LNGbunkering service for the container liner ofCMA CGM in the coming March. This will be the first order in China for bonded LNGbunkering busine

Port congestion in China is slowing deliveries of everything from iron ore to electronics, forcing companies to rely on stockpiled inventories of goods, reports Bloomberg News. Its taking a week to ten days longer to deliver iron ore suppli

The government plans to increase the countrys carbon tax from S$5/t ($3.70/t) currently to S$25/t in 2024-2025 and S$45/t in 2026-2027. The tax rate will be reviewed witha long-term view of raising it to S$50-80/t by 2030, said the countrys

Maritime tech has never seen anything like the past 12 months: a whirlwind of deals that may be just the beginning. Clearly, there is an influx of capital, especially over the last year, and the pace is just continuing to increase, said Eva

Sea robberies and the boarding of vessels underway n the Singapore strait are continuing with the reporting agency for the region issuing alerts to seafarers and warning for the need to increase vigilance and maintain lookouts while transit

China National Offshore Oil Corp, the countrys top offshore oil and gas producer, is one step closer to the construction of what will be the worlds largest liquefied natural gas storage tanks, to be located in Yancheng Binhai Port Industria

Chinese coking coal futures extended gains on Monday to a fourth session, surging more than 5%, as supply remained relatively low and demand was expected to recover following the Lunar New Year holidays and the Winter Olympics. Inventories