With Brent crude trading over $90 per barrel, there is strong momentum behind the oil market. We believe bunker prices will remain high in 2022, and have the potential to go much higher from where they are currently. There are two main reas

Three new electric patrol boats were delivered to the City of Amsterdam and the Amsterdam Police. Two additional patrol boats are under construction for which EST-Floattech will also deliver the battery packs. Damen Shipyards Group handed o

Xeneta , the leading ocean and air freight rate benchmarking, market analytics platform and container shippingindex,hasacquired Amsterdam-based air freight data analysts CLIVE Data Services to provide the most timely and comprehensive insig

Indian Register of Shipping has recently classed a hybrid catamaran (battery powered) ferry - Water Metro-01. It is the first in a series of 23 such vessels being built by Cochin Shipyard Ltd. As decarbonisation gathers pace, industry stake

The unforeseen events of recent years have demonstrated how beneficial it can be for parties to contractually expect the unexpected whether the event is extraordinary weather conditions caused by climate change or a pandemic. To help partie

A serious seafarer recruitment and retention crisis is looming unless governments and ship managers take steps to allow more shore time and improve conditions onboard ships. The release of the 2021 Seafarers Happiness Index today (26 Jan) s

Efforts are underway to develop Shanghai into an LNG bunkering hub to service the large containerships already calling at the port as well as to further enhance Shanghai as a regional hub in Asia. UK-based Avenir LNG announced a long-term c

The much-anticipated Regional Comprehensive Economic Partnership (RCEP) officially came into effect on January 1. Recently, a number of affiliated companies under COSCO SHIPPING Logistics seized the opportunity of RCEP and successfully made

Imports and exports at Ningbo ports in East Chinas Zhejiang province amounted to 2.05 trillion yuan ($315.38 billion) in 2021, up 23.7 percent year-on-year, according to Ningbo Customs. Specifically, exports stood at 1.46 trillion yuan, an

Some of Chinas port cities, which have been at the frontline in fending off the risks of imported COVID-19 cases over the past two years, were again caught in a resurgence of coronavirus cases in recent days. After Khorgas in Northwest Chin

Iron ore futures in top steel producer China jumped more than 3% on Wednesday, underpinned by concerns over supply as traders digested reports of lower import arrivals and shipments departing Australia and Brazil. The most-traded May contra

Antong Holdings released the 2021 annual performance forecast growth announcement. The company expects that the annual net profit in 2021 will be about 1.45 billion yuan to 1.6 billion yuan , an increase of 157 million yuan to 307 million y

DNV has been selected to lead an ammonia bunkering safety study by the Global Centre for Maritime Decarbonisation (GCMD) in Singapore. The pioneeringstudy aims to define a robust set of safety guidelines and operational envelopes that will

Hong Kong-based financial leasing form CSSC (Hong Kong) Shipping will acquire two 6,700 ceu vessels from Norways Gram Car Carriers in a sale and leaseback agreement. In line with details of the transaction, CSSC Shipping will pay US$70m for

Cargo and container throughput at Chinas ports registered stable growth in 2021, data from the Ministry of Transport shows. Last year, cargo throughput at Chinas ports totaled 15.55 billion metric tons, up 6.8 percent year-on-year, accordin