Iron ores rapid retreat in recent weeks shows once again that price pullbacks can be as disorderly as the exuberance of rallies, before the fundamentals of supply and demand reassert themselves. Depending on which price for the steel-making

According to the superior notice, Meishan Comprehensive Bonded Zone lifted the lockdown on the morning of August 25. Earlier, a person with a positive nucleic acid test was confirmed at Ningbo Meidong Container Terminal. Starting from 3:30

In the first quarter of 2024, A.P. Moller - Maersk will introduce the first in a groundbreaking series of 8 large ocean-going container vessels capable of being operated on carbon neutral methanol. The vessels will be built by Hyundai Heavy

A decline in shipments of west African crude to Chinahas pushed freight rates for very large crude carriers (VLCCs) on the route to record lows this summer. Rates averaged $10.28/t in June, $10.41/t in July and $10.04/t in August to date, t

When the coronavirus pandemic struck in early 2020, international shipping was dealt a harsh blow. The container shipping industry was left scrambling as businesses around the world were forced to close, causing major supply chain issues. T

Seafarers working for HMM are reportedly planning to stage a mass demonstration on August 25 in response to failed contract negotiations. According to reports in the Korean media, more than 400 seafarers are expected to submit their resigna

COVID-19 outbreaks at ports in China and Vietnamwill likelyreducecontaineravailabilityanddrive-uppricesat key shipping hubs in the coming weeks, according to the latest data analysis byContainerxChange,the worlds leading online platform for

Contributes to developing bill draft and Inland Vessel (IV) Rules International ship classification society, Indian Register of Shipping (IRClass) has played an integral role in the drafting of the Inland Vessels Bill which was recently pas

During January-August 2021, a total of eight incidents of armed robbery against ships occurred at Manila Anchorage areas in the Philippines. The location of all the eight incidents is atSouth Harbour Anchorage Area of Manila(location map on

Capital Gas Ship Management Corp. took successful delivery today of the newbuilding LNG Carrier Adamastos, built by Hyundai Heavy Industries, S.Korea. With cargo capacity of 174,000 m3, the vessel is highly efficient, propelled with XDF eng

Ship schedule adjustments were limited, and some routes had risen Ningbo Containerized Freight Index: In the week ending Aug-20, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 3898.3 points, sligh

The Maritime and Port Authority of Singapore (MPA) held its annual ferry rescue exercise (FEREX) today to test Singapores operational readiness and responsiveness in the event of a ferry mishap. Eight vessels, an RSAF AS332 Super Puma helic

On August 23, the 174,000m3 LNG carrier MU LAN, invested by CSSC (Hong Kong) Shipping Company Limited, and built by Hudong Zhonghua, was christened in Shanghai. MU LAN is the worlds mainstream 174,000m3 LNG carrier. It adopts the design and

Premium service fees applied to container freight rates from North Asia to North America escalated further the week ended Aug. 20, even as the quality of priority shipping continued to deteriorate amid severe and worsening port congestion o

The giant container ship Ever Given, which blocked the Suez canal for six days in March, crossed the waterway on Friday for the first time since it left Egypt after the incident. The ship, en route from the United Kingdom to China, crossed