After hitting a new high at the start of the month, the freight rate of Capesize bulk carriers fell sharply, falling by more than 40% in a total of 11 working days, dragging BDI to its lowest level in the past month. On October 22, the BDI

Vard Electro has secured an order with Siem Offshore to deliver its largest battery package to date for a vessel retrofit as the Norwegian shipowner proactively upgrades its fleet with hybrid power in pursuit of greener and safer operations

Knut rbeck-Nilssen, CEO Maritime, DNV says we cant rise to our greatest challenge alone, either as individuals or an industry. We need to work together. He believes his company, and platforms like Nor-Shipping, can be crucial in enabling th

IMC Shipping announced that Mingfa Liu has joined the Group as the Managing Director for Ship Services, based in Singapore. In this senior role, he will provide leadership in the development and implementation of business strategies to ensu

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