China COSCO Shipping Corp, the countrys largest shipping group, announced on Monday that it has completed an additional 16 percent stake acquisition in the Greek port of Piraeus, marking a fresh step in turning the port into a major interna

The global shipping industry is on course to see its greenhouse gas emissions rise by around a fifth by 2050 if action including introducing a carbon levy on fuel is not taken, new research backed by industry leaders shows. With about 90% o

From January to September 2021, the cargo volume of China ports was 11548.4million tons, a year-on-year increase of 8.9%; the container throughput of China ports was 211million TEU, a year-on-year increase of 9.5%. The chart below shows the

The supply-demand relationship was basically stable, and the freight rate of the route had risen and fallen divergently Ningbo Containerized Freight Index: In the week ending Oct-22, Ningbo Containerized Freight Index (NCFI) issued by Ningb

A major gathering of leaders from the worlds biggest shipping companies and maritime state representatives will take place in Glasgow at a cross-industry decarbonisation conference. The shipping industrys official COP 26 sideline event, Sha

Following a successful test on the PC tanker Fure Ven, Svanehj is now launching FlowControl, which automates the control of electric cargo pumps on tankers. The intention is to encourage more shipowners to choose the more environmentally fr

After receiving two orders in May, Qingdao Beihai Shipbuilding Heavy Industry obtained two orders for 210,000DWT bulk carriers from Chinese Maritime Transport. Previously, two 210,000DWT bulk carriers had been signed and entered into force

Following the signing of orders for 14 sets of fuel tanks with customers such as Hoglund in Norway, Mitsubishi Shipbuilding in Japan, Samsung Heavy Industries in South Korea in August, Watts Energy continues to focus on the marine LNG fuel

With disruption to global logistics and supply chains remaining widespread, port congestion has now reached new highs according to the latest Clarksons Port Congestion Index. Discussing these recent trends, Steve Gordon, Managing Director o

China commissioned its first 10,000-ton class maritime patrol vesselHaixun 09with the most advanced technologies and strong comprehensive capability on Saturday, and the ship is expected to enhance the countrys maritime traffic governance.

From October 11 to 15, the 2021 Shanghai Pulp Week and the 14th China Pulp Industry Development Conference opened in Shanghai. On October 14, the Pulp Supply Chain Committee of China Paper and Pulp Industry Chamber of Commerce (CPICC) was e

All Eyes on Glasgow The International Energy Agency (IEA) released last week its annual World Energy Outlook, ahead of the upcoming UN climate summit, COP26 in Glasgow. The agency notes that national level commitments to reduce global emiss

CTI-Maritec Singapore - Maritec Pte Ltdhas got the approval from Class LR as a Recognized Service Supplier forBallast Water Management Systems (BWMS) Commissioning Testing as per BWM.2/Circ.70/Rev.1. Now bothChinaand Singapore (under the br

A container fire that broke out on Saturday on a cargo ship carrying mining chemicals off British Columbia is smoldering and appears to be under control, Canadian Coast Guard officials said on Sunday. Sixteen crew members were evacuated fro

Pacific International Lines (PIL) is pleased to announce the launch of a new weekly direct service connecting Central and South China to the Gulf area in the Middle East. This new service augments our existing CSG service linking China and