Yang Ming Marine Transport Corp., one of the leading container cargo shippers in Taiwan, has decided to raise year-end bonuses for its employees to the amount equivalent to 12 months of wages on average, and has also decided to raise salari

Shipping group Maersk on Friday posted better than expected fourth-quarter revenue and earnings, fuelled by record freight rates for container shipping. A fall in ocean-going container volumes by 4% in the last three months of the year was

Rates for shipping containers from east Asia and China to both US coasts are on the rise again as US consumers demand for goods shows no signs of easing. The trade group National Retail Federation (NRF) said last week in its monthly Global

PetroChina International Singapore Pte Ltd climbed three spots to be the top marine fuel supplier in the worlds biggest ship refuelling hub in 2021 while the overall number of licensed suppliers fell by four to 41, official data showed on M

The latest data fromZhejiang Port Shipping Administration shows that in 2021, Ningbo Zhoushan Porthas completed an annual cargo throughput of 1.224 billionDWT, a year-on-year increase of 4.4%, ranking first in the world for 13 consecutive y

Optimarin has bolstered its global sales force with new appointments in Turkey, Hong Kong and Singapore to serve customers better in response to increasing demand for its industry-leading ballast water treatment system (BWTS). New sales man

Chinese shipyards topped the three major metrics used by the global shipbuilding industry in 2021, with the highest number of completed orders, new orders and orders on hand, marking a strong start to the first year of the 14th Five-Year Pl

Strategic Marine (S) Pte Ltd (Strategic Marine) recently handed over Centus Ten to Malaysian Offshore operator Centus Marine Sdn Bhd (Centus). This marks the third fast crew boat handed over by Strategic Marine to Centus in the last 12 mont

Photo: Courtesy of Tianjin Port Group The Port of Tianjin, one of the major ports in North China, set a global record for berth productivity for major international shipping lines, and despite the Omicron outbreak in the municipality, it ha

The Signing Ceremony of Cooperation Agreement between CMJI(Weihai) and RINA was held atCMJI Weihai on 13thJanuary 2022.Ms.Kelly Huang,Commercial Director of RINA Greater Chinaand Mr.ZHENG Hehui, General Manager of CMJI(Weihai) have signed t

The freight rates of most routes fell, and the composite index stopped rising and fell Ningbo Containerized Freight Index: In the week ending Jan-7, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes

All-inclusive container shipping rates from North and Southeast Asia to North America were widely viewed as having reached a medium-term ceiling after returning to record high levels, but support is expected to be maintained at least for an

Tanker Super Cycle? For tankers, it feels like every other shipping sector has experienced some form of super cycle over the past 12-18 months. Whilst tanker owners witnessed record low earnings, rates in the container and LNG sectors soare

The weather in Brazil is currently having a negative impact on the dry bulk market as rains slow down mining operations whilst elsewhere drought is damaging crop yields. A spell of very wet weather has drenched parts of central Brazil, incl

Simpson Spence Young (SSY), the largest independent shipbroker in the world has today announced the acquisition of Anchor Shipbroking Inc. Based in Piraeus, Greece, Anchor Shipbroking are specialists in Sale Purchase, offering a full range