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

On August 20, the 1370-passenger/2800-meter-lane luxury ro-ro passenger ship No. 1 built by Guangzhou Shipyard International for COSCO SHIPPING Ferry was delivered in Guangzhou. This currently the most luxurious ro-ro passenger ship in Chin

Group Revenue of US$6,988 million Group EBIT of US$2,866 million Group EBITDA of US$3,113 million Operating Cash Flow of US$2,955 m illion Profit Attributable to Equity Holders of US$2,811 million Interim Dividend of US$1.76 per ordinary sh

Regulatory Nightmare Back in July, the European Union (EU) finally unveiled its much-anticipated plans to meet its climate ambitions, which for the first-time folded shipping into the Emissions Trading Scheme (ETS). The strategy also propos

UZMAR Shipyards in Turkey is one of the worlds top-notch tugboat builders with a very good reputation worldwide. The company has now chosen Steerprop to deliver six SP 20 WD azimuth propulsion units for a series of three Robert Allan Ltd. d

DNV, the worlds leading classification society, has awarded an Approval in Principle (AiP) to Samsung Heavy Industries (SHI) for a Fuel Ready (ammonia, D, S, Ti) class notation for their 300,000 dwt LNG fueled very large crude carrier (VLCC

The Baltic Exchanges main sea freight index extended its winning streak to eight sessions on Thursday, supported by a surge in rates across vessel segments, especially capesizes, which hit their highest level in over 11-1/2 years. The overa

Many charge adjustments made by shipping companies are all related to the current global port congestion. Maersk adjusts terminal operating fees and raises the charging standards for reefer containers Maersk issued an announcement a few day

Lead times for low sulphur fuels have gone up in Fujairah on the week, with most suppliers being able to offer for the grade from 26 August onwards. HSFO380 is still tight in Fujairah as well, with lead times stretching to 8 days after a su

Capesize freight rates on the key iron ore route from Brazil into China hit a decade high on Aug. 18 on bullish fundamentals and the resurgence of activity in the Atlantic region. Strong demand for shipping iron ore out of Brazil, firm sent