Singapore-based Asiatic Lloyd announced that it has exercised its option to build two 7100TEU container ships at Dalian Shipbuilding Industry (DSIC). At the end of April, Asiatic Lloyd and DSIC signed a contract of 2+2 7100TEU container shi

On September 2, COSCO SHIPPING Holdings announced that ten wholly-owned subsidiary single ship companies of its holding subsidiary OOCL signed shipbuilding agreements with Nantong COSCO Khi Ship Engineering and Dalian COSCO Khi Ship Enginee

Aurora Tankers, the tanker arm of IMC Shipping, has completed its latest newbuilding series with the launch of its 50,000 dwt IMO II MR Chemical Tanker, Maritime Verity. The last delivery in a series of eight newbuildings, commissioned in 2

Firms gear up to tap soaring demand as global shipping revives from COVID woes The unprecedented boom in global demand for ships in the first half may bode well for Chinese shipyards thirsty for new shipbuilding orders, but the builders are

Having worked in Chinas shipbuilding industry for nearly four decades, Hu Keyi has witnessed how the sector has evolved from a follower to a competitive leader on the world stage. The 59-year-old is today the chief expert of China State Shi

Chinese coking coal futures soared 8% to hit their daily upper limit and an all-time high on Thursday, fuelling a rally in coke prices too, as sluggish imports and production control at mines stoked supply concerns. Mongolia reported most s

The Baltic Exchanges main dry bulk sea freight index fell to a two-week low on Thursday, as a retreat in panamaxes and supramaxes offset a slight uptick in the larger capesize segment. The overall index, which factors in rates for capesize,

For the third time Hamburg Messe und Congress has conducted a large-scale survey asking exhibitors and visitors of SMM, for decades the leading global trade fair for the maritime industry, to give their assessments of the sectors economic a

NAVTOR, a global leader in maritime e-Navigation and performance optimisation, has been selected to join a European-funded, Philips-led consortium focused on exploiting the potential, and ensuring the integrity, of cyber-physical systems (C

Labor unions of South Koreas largest shipping company HMM on Thursday scrapped a strike plan after reaching a new wage deal with management. HMM officials and representatives of the two unions, separately representing land-based and longsho

On August 30, China Development Bank Leasing announced its 2021 interim results. In the first half of the year, the companys operating income was approximately 10.442 billion yuan, a year-on-year increase of 8.6%; Net profit was approximate

Norwegian export credit agency Eksfin (formerly Export Credit Norway and GIEK) is playing a major role in accelerating the green shift at sea, providing loan guarantees approaching 1 billion Euro for the construction of 35 eco-friendly vess

French containment specialist GTT has received a tank design order from the Chinese Jiangnan Shipyard for Chinese ship-owner Jovos LNG carrier. Jovo ordered a mid-scale LNG carrier with a capacity of 79,800 cubic metres from Jiangnan Shipya

China International Marine Containers (Group) Ltd (CIMC), a leading container manufacturer, registered a record H1 performance this year amid surging global demand for shipping containers. The companys revenue reached 73.2 billion yuan (abo

The Baltic Exchanges main dry bulk sea freight index extended its fall to a second day on Wednesday, as rates across vessel segments weakened. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels,