China Decelopment Bank Leasing announced that CDB Leasing (International) Company Limited (as the buyer), a wholly-owned subsidiary of the company, entered into a ship purchase agreement with the seller on May 28, 2021. Accordingly, the buy

Most routes rose in June, and the composite index reached a new high Ningbo Containerized Freight Index: In the week ending May-28, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 3074.0 points, sl

Chinese shipping group COSCO hopes to reach a deal with the Greek government to complete the purchase of an extra stake in Piraeus, despite running out of time to fulfil a key condition, a top official at the port said. Under a 2016 Greek p

With operations in Finland, Denmark, China, the United States of America and most recently Edinburgh, UK, Danfoss Editron has assembled an award-winning team to work on the technologies that will enable the world of tomorrow to do more with

In response to the recent COVID-19 outbreak in India, some ports in China have upgraded epidemic prevention measures accordingly, and these measures are constantly changing and adjusting. We therefore consulted the major ports of China for

Egypts Suez Canal Authority (SCA) announced on Sunday the captain of Ever Given was fully responsible for the grounding of the huge cargo vessel that blocked the canal for six days in March. It is due to the captains repeated orders in a ve

The BIMCO Maritime Information department informs members on a weekly basis, updates about the COVID-19 in relation to implementation measures imposed by governments for sea transport including for crew change as well as from the United Nat

Up to no good Despite almost every driver being supportive, scrapping activity has continued to underperform during 2021. Gibson remains convinced that a key driver behind this is the presence of buyers willing to pay a premium price for vi

South Koreas DaeSun Shipbuilding said Tuesday it has signed a contract with Chinese liner company SITC to build up to 10 1023 TEU container ships worth nearly US $200 million. SITC said that its subsidiary SITC Shipowner has signed an order

The BIMCO Baltic ice reporting season for 2020/2021 covering Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland, Russia and Sweden ends today . For the Canadian region , some areas like the Gulf of St. Lawrence and the Great Lake

BIMCOs documentary experts have begun preparing charter party clauses to assist owners and charterers comply with complex new carbon regulations due to come into force in 2023. An impact study by BIMCO and several key stakeholders to identi

Four enterprises under China State Shipbuilding Corporation have passed the second batch of Manufacturing Individual Champion Demonstration Enterprise review, and 4 types of ships have won the Manufacturing Individual Champion Product certif

Shenzhen Yantian International Container Terminal (YICT), the worlds largest single container terminal and responsible for one quarter of Chinas trade with the United States, has announced that it will continue to stop accepting heavy expor

Leading international classification society, Indian Register of Shipping (IRClass), has announced major initiatives towards digitalisation and offering its services through a unified digital platform. IRClass has initiated creation of a se

Torqeedo will present the future of marine mobility at the Salone Nautico Venezia held at the Venetian Arsenale, a cluster of historic shipyards and armouries. The Salone Nauticos motto embraces this proud past - boatbuilding is coming back