The Hambantota port is located in a small fisheries village called Hambantota, in Sri Lanka which is known by many worldwide due to the limelight given by western mainstream media with regard to the debt trap diplomacy narrative. The port i

CIMC Enric Holdings Limited announced that its subsidiary, Nantong CIMC Sinopacific Offshore Engineering Co., Ltd (CIMC SOE) has acquired the assets of Qidong Fengshun Ship Heavy Industry Co., Ltd (Fengshun Ship Assets). The acquisition wil

The Baltic Exchanges main sea freight index, which tracks rates for ships ferrying dry bulk commodities, scaled its highest in more than a month on Wednesday, supported by gains across all vessel segments. The overall index, which factors i

Crowley Maritime Corporations Solutions business unit has been awarded a multi-year contract for Vessel Acquisition Management (VAM) by the U.S. Maritime Administration (MARAD). Stena RoRo is included in Crowleys project team, together with

Image credit: Salvamento Martimo The European Commission has adopted a Practical Handbook for European cooperation on coast guard activities to facilitate the cooperation of EU civilian and military authorities in their efforts to increase

In 2020, China Merchants Ports container equity throughput reached 47.1 million TEUs, jumping to second in the ranking of global port operators, a year-on-year increase of 13.8%; total container throughput of 130 million TEUs, ranking third

On July 27, the first 1800TEU container ship (CHB2001) built by Zhoushan Changhong International was officially delivered. Affected by the epidemic, the ship was delivered by video. The 1800TEU container ship is built by Zhoushan Changhong

The relationship between supply and demand was good, and the composite index kept rising Ningbo Containerized Freight Index: In the week ending Jul-30, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quot

On August 3, the 49,700DWT product tanker Forever Cordiality built by Guangzhou Shipyard International for ICBC Leasing, completed the delivery by means of online cloud signature. The ship adopts the 13th generation MR ship type design of G

Benchmark iron ore futures in China rose more than 3% on Tuesday, after five straight sessions of declines fuelled by speculations of a relaxation in steel output controls. Affected by the notice of rectifying campaign-style carbon reductio

Production resumption in other countries likely to increase demand for nations products Chinas foreign trade is expected to reach a new high in the second half of the year, but probably at a slower yearly growth rate due to complexities at

At present, the number of container ship orders is hitting the highest level in history. A report recently released by VesselsValue shows that in the first half of this year, global container ship orders reached 286 vessels, an increase of

On July 29, 2021, Xiangyu Shipbuilding and Offshore Engineering delivered a 63,500DWT bulk carrier to Nisshin Shipping, which was christened EVA SHANGHAI. This is the 18th ship delivered by Nantong Xiangyu to Nisshin Shipping, the 9th ship

Hing Chao,Executive Chairman of Wah Kwong Maritime The maritime sector is steeped in tradition. Throughout history the industry has played a crucial role in global economic growth and international trading relations. In the 1950s when the s

On August 2, 2021, Fortune Magazine released the 2021 Fortune Global 500 list. China State Shipbuilding Corporation ranked 240th in the global list with an operating revenue of US $46.844.6 billion. After the implementation of joint restruc