On November 18, China Merchants Industry and CNOOC Energy Technology Services Limited signed a ship hull construction contract worth 2.41 billion yuan for Lufeng 12-3 oilfield FPSO project. Lufeng 12-3 Oilfield FPSO is a 100,000-dwt FPSO su

The technology group Wrtsil has launched its new IQ Series exhaust gas treatment system, designed by its Exhaust Treatment business unit in Moss, Norway. The IQ Series is the latest advancement in maritime exhaust gas treatment technologies

State owned Haidong Shipyard and Zhejiang Dachen Shipping held a signing ceremony for the construction of the 47,000DWT bulk carrier No. 3 and No. 4. Haidong Shipyard and Zhejiang Dachen Shipping signed a 47,000DWT bulk carrier construction

In response to the evolving needs of the market, we are pleased to announce the launch ofPacific China South Express (PCSX)service in the Trans-Pacific network to satisfy customers needs for fast and reliable shipping. ThePacific China Sout

Beijing and Moscow are mulling over cooperation to jointly develop coal projects in Russia, the Russian deputy prime minister said on November 17. The Russian government is planning to sign long-term contracts with China to co-develop coal

Steel futures prices in China jumped on Monday, with hot-rolled coils and construction rebar climbing more than 4% in intraday trade to narrow the gap with spot prices, as traders cheered a marginal improvement in consumption of industrial

Chinas exports of clean marine bunker, also known as very low-sulphur fuel oil (VLSFO), rose 22.6% in October from a year earlier, as the price gap between Zhoushan and Singapore narrowed and refiners acquired new export quotas. Shipments o

The 11th Maritime Public Leaders Programme (MPLP) welcomes 15 maritime leaders from 14 countries to interact and exchange ideas on the global shipping industry and the impact caused by COVID-19. Held virtually from 22 to 26 November 2021, M

In no less than 62 hours of rigorous offshore testing, tech scale-up Seaqualize successfully completed offshore trials for its inline Active Heave Compensator (iAHC), the Delta600. Together with testing partners Van Oord and nautical resear

OnNovember 20, Chinasfirst coastalLNGship bunkering station constructed and operated byCNOOCGasPowerGroupwas officially put into operation atMacun Port Terminal in Chengmai County, Hainan Province. The commissioning of this bunkering statio

A passage through the Suez Canal is by no means plain sailing. It requires a raft of complex bureaucratic approvals, timely logistics, tight scheduling and close monitoring to ensure the smooth transit of between 50 and 70 ships daily along

The relationship between supply and demand had eased, and the freight rates of most routes has fallen Ningbo Containerized Freight Index: In the week ending Nov-12, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchang

On November 19, Yangzijiang ShippingandJiangsu YangziMitsuiShipbuilding signed a contract for the construction of four 82,300DWT bulk carriers. The project was classified intoLRand is scheduled to be completed and delivered within2023. The

The worlds first electric and self-propelled container shipYara Birkelandhasdeparted for its maiden voyagein the Oslo fjord.Today, the Norwegian Prime Ministerwas given a tour byCEO of Yara, Svein Tore Holsether. We are proud to be able to

A growing number of anchor losses, anchor dragging, and anchor removal cases prompted DNV, Gard and The Swedish Club to collaborate on an anchor loss awareness campaign back in 2016. Despite the awareness raised then on the most frequent te