The coal market has swung from a heavy surplus in 2020 into a tight deficit in 2021 as demand has bounced back more aggressively than anticipated. This has caused inter-basin arbitrages to open up, which is consequently driving Atlantic coa

Long-term contracted ocean freight rates continued their ascent through June, although not with the dizzying trajectory witnessed in recent months. Mays 9% surge in prices eased back to a 2.3% gain in June. However, the latest figures, deta

China State Shipbuilding Corporation issued an announcement that from June 1 to June 30, 2021, CSSCs subsidiaries received 42.717 million yuan in government subsidies related to income. Among them, the deep-water general-purpose FPSO projec

On the afternoon of July 1, SIPG released a suggestive announcement of an increase in its earnings forecast for the first half of 2021. According to the preliminary calculation of the financial department, it is estimated that the net profi

Shipowners that are dragging their heels in installing ballast water treatment (BWT) systems in an effort to save money could end up paying a much higher price in the long run, according to Newport Shippings managing director Lianghui Xia.

CSSC has completed and delivered 102 ships with 9.172 million dwt, which are 52.8% and 57.3% of the annual plan, respectively. The number of completed ships and deadweight tonnage increased by 18.6% and 19.3% year-on-year respectively. This

Benchmark iron ore futures in China jumped more than 5% on Monday, fuelled by rising demand as mills in steel hub Tangshan resumed production after the countrys party centenary. Steel output at some producers was restricted due to the Commu

Strategic Marine (S) Pte Ltd has successfully completed construction and hasdelivered the first of a pairof 42m Fast Crew Boat (FCB) for repeat customer,Centus Marine Sdn Bhd. The handover ceremony took place on 24 June 2021 at Strategic Ma

Castor Marine, a growin g global coastal and offshore connectivity provider has signed areseller agreement with Tampnet, the largest offshore 4G LTE network operator in the NorthSea. After signing, Castor Marine immediately went to work for

On July 2, Hudong Zhonghua and CSSC Leasing renewed the construction contract for a 174,000 m3 LNG ship. The ship type contracted this time is the worlds mainstream 174,000 m3 LNG carrier. Hudong Zhonghua has upgraded its technology on the

On July 2, the first ship ROSTRUM EUROPE in the 40,000DWT bulk carrier series built by Yangzijiang Shipbuilding for the German shipowner Vogemann was christened. Mr. Mitev, the captain of the first 40,000DWT bulk carrier, delivered a speech

The experiences of operating during the Covid-19 pandemic and the challenges this has created have prompted a review of the BIMCO Infectious or Contagious Diseases Clauses (the IOCD Clauses). What is the balance to be struck between owners

Global, sector-focused law firm HFW and maritime cyber security company CyberOwl have joined forces to provide comprehensive technology and legal services to the shipping industry around cyber risk management and compliance. HFWs market-lea

Inchcape Shipping Services registered in England and John Keells Holdings PLC registered in Sri Lanka have signed a joint venture agreement recently which has resulted in the formation of Inchcape Mackinnon Mackenzie Shipping (Private) Limi

The world leader in the management, design and manufacture of aluminium marinas, Poralu Marine, as part of its commitment to environmental protection, launches The Searial Cleaners the worlds first range of shoreline waste collectors. Throu