China launches one of the most energy efficient VLCCs ever built following CCS surveys (see film ) One of the most advanced and energy efficient VLCCs ever built in China is now operational following extensive surveys by China Classificatio

Waigaoqiao Shipbuilding has received four orders for another 7,000TEU container ships, bringing the total number of orders received so far this year to 12. The pioneer of Chinas construction of super large container ships began to seize the

On July 14, CIMC issued an announcement stating that the consolidated net profit of the group attributable to shareholders and other equity holders of the parent company for the six months ended June 30, 2021 will turn losses into profits c

LNG solution could resolve headache for shipowners as they wrestle with retrofit options in face of environmental agenda to cut emissions The need to upgrade ships in line with new environmental rules represents a billion-dollar dilemma for

On July 18, the main hull of the FPSO SEPTIBA, built by China Merchants Heavy Industry (Jiangsu) for SBM Offshore, was successfully delivered and left port. SEPTIBA is a new FPSO with the largest tonnage and the largest oil storage capacity

Brisk activity at ports across China is set to be one of the most visible effects of the ongoing global recovery, a think tank said. The container shipping industry is projected to see recovery this year, mainly due to East Asian economies,

Chinas shipbuilding industry registered strong growth during the first half of the year, official data shows. The industry completed the construction of ships totaling over 20.92 million deadweight tons (dwt) from January to June, up 19 per

New forum for operational coordination and deconfliction sees industry pay tribute to Nigerias Deep Blue project while repeating the call for international navies to bridge the immediate law enforcement gap. IMO Secretary-General: Now is th

Why So Weak? VLCC spot earnings averaged just $500/day on the benchmark TD3C trade during the 1st half of this year on slow steaming, non scrubber, non ECO basis; marking the lowest half yearly result since our records began in 2000. Althou

Thirty-seven Incidents of armed robbery against ships in Asia reported to ReCAAP Information Sharing Centre from January to June 2021 Number of incidents decreased by 35% compared to the same period in 2020 ReCAAP Information Sharing Centre

BIMCO has published a new charter party clause to help tackle potential abuse by sanctions busters of the Automatic Identification System (AIS) which is mandatory for all ships to use under regulations for the Safety of Life at Sea (SOLAS).

Since June 2021, international oil prices have continued to stay above US$70 per barrel. Stimulated by positive factors such as the recovery in international crude oil demand and the slowdown in the growth rate of U.S. shale oil production,

On July 15, the fourth 180000 DWT bulk carrier, CS HANG ZHOU, built by Qingdao Beihai Shipbuilding Heavy Industry for CSSC Brokerage Services, was successfully delivered, marking the successful completion of the four 180000 DWT bulk carrier

In this years record container ship market order boom, COSCO SHIPPING, which has been silent, finally launched to order 10 new Panamax container ships at COSCO SHIPPING Heavy Industry (Yangzhou), which is also the first time that COSCO SHIP

On 14 July 2021, China Merchants Port Holdings Company Limited announced positive profit alert for the 2021 interim results. The Group is preliminarily expected to record an increase of profit for the six months ended 30 June 2021 by more t