Fitch Ratings has affirmed CSSC (Hong Kong) Shipping Company Limiteds (CSSC HK Shipping) Long-Term Issuer Default Rating (IDR) and the rating on the senior unsecured note issued by CSSC Capital 2015 Limited at A. The Outlook is Stable. CSSC

Wrtsil Voyage has entered into a strategic partnership with Microsoft. Wrtsil Voyage is a market leader in maritime end-to-end onboard solutions with decades of experience and expertise in high-end marine Internet of Things (IoT) offerings.

A Year to Forget Although freight levels in some shipping sectors reached breath-taking highs this year, 2021 is a year to forget for tankers, particularly in the crude segment. The majority of crude tonnage (non-eco, non scrubber) was forc

Swiss based marine engine technology developer WinGD continues to invest in its RD testing infrastructure with the opening of a new collaborative Global Test Centre in Shanghai, China. The new test centre which opened on the 16 December, is

Reference is made to our last circular (Huatai CircularPNI[2021]10 issued in Aug. 2021) on fishery farm claims at Lanshan, China. In order to keep our clients posted of the changes on the geographical extent of fishery farms in that sea are

On December 17, Chinas first large-scale cruise ship successfully achieved the milestone node of floating in the dock at Shanghai Waigaoqiao Shipbuilding, a subsidiary of China State Shipbuilding Corporation. This marks the transition of th

Chinese steelmaking raw materials futures advanced on Thursday, with coking coal up 5%, fuelled by hopes of recovering steel production after stringent curbs in the first 11 months of the year. The worlds top steel producer churned out 946.

RINA issued the AIP certificate of 50K dwt Methanol Fueled MR tanker to Shanghai Merchant Ship Design Research Institute (SDARI) on 14thDecember, 2021. The ceremony for delivery of AIPcertificate was held atSDARI. From SDARIside, Mr. WANG G

On December 16, the worlds latest generation of Chang Heng Series 174,000 m3 LNG carrier jointly developed by Hudong-Zhonghua and GTT, was awarded a GDA and PCA certificate issued by four internationally renowned classification societies AB

Tanker pool manager Signal Maritime has achieved a significant increase in its Aframax Time Charter Equivalent (TCE) earnings thanks to a decision to increase the share of the fleet which has been trading west of Suez up to 70%. Repositioni

Six daily Freightos Baltic Index (FBX) indices administered by the Baltic Exchange will be used for the settlement of CME Groups new shipping container freight futures. The new contracts will be priced in USD per FEU (forty-foot equivalent)

On December 16, Ningbo Zhoushan Ports annual container throughput exceeded 30 million TEUs for the first time, becoming the third port in the world to be among the over 30 million container ports after Shanghai Port and Singapore Port. The

Image captions left to right:[PR/INS] Ayhwa Ngoh has been appointed as Steerprops Regional Sales Manager in Southeast Asia. Robbie Wang has been appointed as Steerprops General Manager Sales in China. Steerprop has strengthened its presence

Singapore-based consultancy says price remains key factor for scrapping decisions but sees turn of toxic tide amid growing market pressure Many shipowners remain focused on maximising profit by gaining the highest offer price when scrapping

On December 14, CSSC Chengxi Shipyard delivered the worlds largest asphaltum carrier, marking a successful end to the companys annual goal. CSSC Chengxi successfully delivered a 37,000DWT asphaltum carrier White Pearl to its old customer KU