Near-ocean route market was hot, composite index stopped falling and rebounded Ningbo Containerized Freight Index: In the week ending Nov-19, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 3964.2

Alfa Laval and Orcan Energy have signed a cooperation agreement regarding sales of marine energy efficiency solutions based on Orcans Organic Rankine Cycle (ORC) technology. Decarbonizing the marine industry by 2050 will demand not only new

A deteriorating steel market in China is spooking the dry cargo market as the risks are growing that the worlds biggest importer is losing its appetite. Whilst official GDP figure show Chinas economy growing at 4.9% y/y in Q3, Capital Econo

At the Hong Kong Shipowners Association Annual General Meeting (AGM) held yesterday (24 November 2021), Mr Wellington Koo, of Valles Steamship Co Ltd, was elected Chairman of the Association. Mr Koo succeeded Mr Bjorn Hojgaard, of Anglo-East

Beng Kuang Marine Limited announced that its in-house team has designed and developed specialised dredging equipment for offshore tin mining activities. Highlights: - Designed and developed by its in-house team, the specialised dredging equ

On November 24, the15,000TEU container shipCMA CGMOSIRIS builtby ChinaShipbuildingTrading and Hudong-Zhonghuafor CMA CGMwaschristenedand delivered in Shanghai. CMA CGMOSIRIS is the third of the five 15,000TEU conventional power containershi

J.P. Morgan Global Alternatives, in cooperation with Havfram AS, has signed a letter of intent with CIMC Raffles in China to build a series of new generation wind power installation vessels. The wind power installation vessel ordered this t

Shipping is the critical enabler in the worlds transition to low carbon operations and needs Government support to ensure it is at the front of the queue for next-generation fuels. That was the message from ABS Chairman, President and CEO,

The ISCC CORSIA is a new scheme eligible for certification of Sustainable Aviation Fuels On November 12th,RINAissued the first ISCC CORSIA SAF (Sustainable Aviation Fuel) certificate in China toJiangsu Shenou Environmental Protection Techno

China is expected to make strenuous efforts to promote high-quality development of foreign trade during the 14th Five-Year Plan period (2021-25), which will pivot on high-level opening-up, innovation and green development, said government o

The Baltic Exchanges dry bulk sea freight index snapped four straight sessions of gains on Wednesday as a drop in capesize rates outweighed gains in the smaller vessel segments. The overall index, which factors in rates for capesize, panama

The US soybean exports to China in October fell sharply compared with last year amid logistical disruptions caused by Hurricane Ida in the US Gulf Coast, market sources told SP Global Platts Nov. 23. According to Chinas monthly customs repo

The volume of coal transported by trains and ships in China saw a surge in October and November amid the countrys solid efforts to ensure stability in coal supply during this winter, official data showed. On average, about 86,300 trains loa

On the International Maritime Organizations Marine Environment Protection Committee meeting this week (IMOs MEPC 77, 22-26 Nov. 2021), INTERCARGO said: Given the harsh realities and the tremendous challenges of decarbonisation and of the as

P4G Study: There are several potential pathways for Indonesia to develop new decarbonized fuels to serve its thriving shipping sector A study by Ricardo for the P4G Getting to Zero Coalition Partnership finds that Indonesias location,econom