GAC Group, a leading provider of shipping, logistics and marine services in the Asia-Pacific market, has entered into an agreement with Quadrant Pacific to acquire its agency business, formerly its network partner in New Zealand. This acqui

Following news that a seafarer has died and another has been seriously injured in the latest Houthi attacks on merchant vessels in the Red Sea area, INTERCARGO, the International Association of Dry Cargo Shipowners, extends its heartfelt sym

Ocean freight container shipping spot rates are set to increase further, but there are signs the recent dramatic growth may be slowing. The latest data from Xeneta, the ocean freight rate benchmarking and intelligence platform, indicates sp

This may creat more berths than expected for new ship orders！ 1：109 days ahead of the contractual schedule On the morning of June 13, China State Shipbuilding Corporations Qingdao Beihai Shipbuilding Co., Ltd., in collaboration with Chi

Annual casualty figures from INTERCARGO , the International Association of Dry Cargo Shipowners, highlight continuing improvement in the safety performance of the sector. The Associations Bulk Carrier Casualty Report records the yearly loss

On June 12, the groundbreaking ceremony for Chinas first comprehensive hydrogen energy port took place in Qingdao. Shandong Port Group announced its ambitious plan to develop a world-class marine port cluster, with the creation of a full-sc

Major Developments! China Merchants Energy Shipping (CMES) Plans to Control Antong Holdings, Introducing the New China Merchants Container Shipping In a significant move, China Merchants Energy Shipping (CMES) has announced its plan to cont

BERG Propulsion has won a contract covering the hybrid propulsion solution that ensure three wind-assisted Louis Dreyfus Armateurs (LDA) ro-ro vessels will maximize efficiency regardless of their mode of operation. Following delivery by Chin

Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020 they are up 53%. During the same period, the order book has grown by 72%, reaching its highest l

Orient Overseas Container Line Ltd. (OOCL) celebrates the maiden voyage of its latest two 24,188 TEU mega vessels, OOCL Finland and OOCL Sweden. With the introduction of these two new vessels, OOCL has taken delivery of ten eco-friendly meg

On May 31st, #BAO-NYK Shipping Company Limited（#宝船航运）, a subsidiary of China Baowu Steel Group Corporation Limited, officially took delivery of its first Capesize bulk carrier, the BNS DONGSHAN. This marks a significant mileston

The World Shipping Council (WSC) today released its annual report on containers lost at sea, showing a significant decrease to 221 containers lost in 2023. While this is the lowest number recorded since the survey began in 2008, the WSC und

Lloyds Register (LR) is partnering with Chinese shipyard, COSCO Shipping Heavy Industry on the development of an 82,500 dwt bulk carrier design that will meet Unified Requirement (UR) E26, which governs the cyber resilience of ships. Issued

During the recent Posidonia Maritime Exhibition in Greece, Singapore-based Eastern Pacific Shipping (EPS) signed agreements with several Chinese shipyards for the construction of up to 20 new vessels. #### 16 Vessels with Fujian Shipbuildin

The London PI Club has announced its financial results for 2023/24, reporting an operating surplus of US$36.3m, strengthening its free reserves to US$149.8m. Gross Earned Premium increased by 4.5% from the previous year and withpositive und