The Export-Import Bank of China Guangdong Branch issued a US$150 million ship prepayment guarantee for Guangzhou Shipyard International, which will support GSI to build 3 export 16000TEU container ships. This type of ship is about 366 meter

Global Mercy, the worlds most advanced civilian hospital ship built by China Shipbuilding Trading, and Tianjin Xingang Shipyard for Mercy Ships, a U.S. shipowner, was successfully delivered on June 16. The ship has a total length of 174 met

The Panama Canal increased the length allowed in its expanded locks for the passage of vessels between the Atlantic and Pacific oceans, the Panama Canal Authority (ACP) said on Tuesday. In a statement, the ACP said that since last month, th

The Baltic exchanges main sea freight index rose for the sixth straight session to its highest level in five weeks on Wednesday, helped by stronger rates across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax

The Chinese company Landbridge does much more than just running the Darwin Port in the Northern Territory (NT) of Australia, as it has been gradually engaged with local community at various levels, said local workers at the port. Kerri Smal

This years Institute of Marine Engineering, Science Technology (IMarEST) annual conference will highlight the importance of decarbonisation within the marine sector; reducing CO 2 emissions, alternative fuels, offshore renewables and net-ze

Combination of 2 technologies makes wind power more sustainable CORROSION and Amphibious Energy today announced the launch of the new ICCP-POD, an environmentally friendly alternative to using diesel generators to supply energy during the c

On June 15, Dalian Shipbuilding Industry held the keel-laying ceremony for BACALHAU FPSO hull LQ project (FPSO-8), marking the ships official docking. BACALHAU FPSO is DSICs seventh FPS0. It is DSICs first partnership with the worlds leadin

Since 2021, medium-sized container ships of 3000-6000 TEU have performed very well. From January to May, a total of 30 vessels and 150,000 TEU were traded. In terms of the number of vessels, it exceeded the total order volume during the 13t

According to ITIC - International Transport Intermediaries Club incorrectly addressing emails can prove costly as was demonstrated in a recent case where the insurer had to reimburse a shipbroker US$ 50,000 in respect of such an error. In t

CDB Leasing announced that the companys wholly-owned subsidiary, China Development Bank Leasing and New Times Shipbuilding entered into a ship purchase agreement on June 15, 2021. The consideration is US$383.8 million (equivalent to approxi

The Marine Department of Hong Kong (MARDEP) on Tuesday (15 June) issued a notice to the local shipping industry stating Covid-19 restrictions for shipping services (i.e. bunkering, reprovisioning of necessities and switching of shipping doc

Ship traffic decreased overall during 2020, with the cruise industry particularly affected Imports into the EU from non-EU countries declined by 12.2% over the same period Share of goods transported by sea in 2020 increased slightly at glob

There appears to be a growing misalignment of Chinese government policies as it becomes apparent that efforts to cool commodity prices are not working, this is resulting in sporadic attempts from different parts of the government to calm th

Members and Assureds who have vessels calling at ports in China should note that the Club Correspondents have recently reported on updated local epidemic prevention and control measures in response to the Delta variant of Covid-19 that was