On the afternoon of September 3, CSSC Chengxi Shipyard and a Dutch shipowner company successfully signed a 1+1 37,000DWT asphaltum carrier construction contract. The order for CSSC Chengxi came from the global trading giant Vitol. Vitols su

The Baltic Exchanges main dry bulk sea freight index on Monday fell to a two-week low on declining rates across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell 122 p

Iron ore prices tumbled more than 5% on Monday, with the Dalian benchmark hitting its lowest in seven months, on rising portside stocks of the steelmaking ingredient in China due to increased shipments and weak domestic demand. The most-tra

What is happening? An attempted coup is underway in Guinea. A military group seized power in the capital city of Conakry yesterday detaining the president, dissolving the constitution and closing the countrys borders. Which commodities are

IUMI (International Union of Marine Insurance) fully supports the shipping industrys move to decarbonisation but recognises that adequate risk management provision must be in place to underpin the transition. New fuel types such as ammonia

Join us in the webinar on The Role of Maritime Transport Trade in the Post-COVID Recovery Jointly organised by International Chamber of Shipping (ICS) and the Asian Shipowners Association (ASA), this webinar provides insights on multilatera

On September 3, the worlds first LNG dual fuel VLCC 91 built by Dalian Shipbuilding Industry for COSCO SHIPPING Energy Transportation successfully completed the underwater construction and started its sea trial. The ship is LNG powered, sup

To respond to the national strategy of peak emissions and carbon neutrality, improve the resource utilization ratio, improve the ecosystem and protect the environment, Shanghai Huanyu Container Factory, a subsidiary of COSCO SHIPPING Develo

Veniamis E. Theodore, President, Union of Greek Shipowners With a fleet of 4,901 vessels, Greek shipowners control 19.42% of global deadweight tonnage (dwt). In 2020, the Greek-owned fleet grew by over 4% to approximately 364 million dwt. T

Relevant government agencies in China are mulling supports to ensure iron ore supply, including significantly increasing domestic output and promoting overseas projects, industry officials said over the weekend, in the latest effort to expa

Liquefied natural gas (LNG) tankers are burning dirtier fuel oil than normal to try to conserve as much of their LNG cargo as possible after the price of the super-chilled fuel soared above oil, trade and shipping sources have told Reuters.

Haifa in northwestern Israel, the principal port of the country, on Wednesday started operations at its newly automated container port that uses smart port management system and technology of Shanghai International Port Group. SIPG has inve

Storms On The Horizon As hurricanes and storms become increasingly more severe due to climate change and warming sea temperatures, so too has the impact on tanker shipping. Hurricane Ida was upgraded to a category 4 storm and made landfall

The global trade association for ship operators, the International Chamber of Shipping, (ICS) has put forward a comprehensive proposal for a global levy on carbon emissions from ships, in what would be a first for any industrial sector. ICS

On September 2, Yangzijiang Shipbuilding announced that five alternative orders of 10 + 5 new Panamax 7000TEU LNG dual fuel container ships signed by the company and the worlds largest independent container ship owner Seaspan Corp were effe