On May 12, Jiangnan Shipbuilding Group, a subsidiary of CSSC, held the completion ceremony of worlds first Type B tank of VLEC, marking a key technological breakthrough in Jiangnan Shipbuildings 99,000m3 VLEC. Its self-developed BrilliancE

The Baltic exchanges main sea freight index fell on Wednesday as capesize rates dipped to a two-week low. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 115 points, or

Operations along the Colonial Pipeline were halted on Friday following a ransomware cyberattack. The pipeline, which carries about 2.5mbpd of refined petroleum products from Houston to New York Harbor, accounts for about 45% of the US Atlant

After nine months, Chinese shipbuilding enterprises have finally surpassed South Korea in the number of orders received in a single month and returned to the top position in the world. According to the latest data released by Clarkson, the

Commissioned by our entrusting party, Guangzhou Shipping ExchangeCo., Ltd. (GSE) and Shanghai Shipping Exchange determines to organize an online bidding for a DWT 11,224 general cargo ship named BLUE EMPEROR 1. The announcement is stated as

On May 11, the first LNG-FSRU vessel completed its gas trial in 15 days and docked safely at the port of Zhonghua Changxing Zero Base in Shanghai. Although the test project was much more than the ordinary LNG ship, the trial team made caref

On May 10, 10 4600TEU container ships of ZhongGu Logistics undertaken by Yangzijiang Shipbuilding Group started construction, and they are expected to be delivered in 2022-2023. Designed by SDARI, a subsidiary of CSSC, the ship has a total

Chinese steel rebar and hot rolled coils futures closed at record highs on Tuesday, rising as much as 6.7% and 7.7% respectively, as production curb worries and peak season demand overshadowed a fee adjustment by exchanges. The state planne

The Baltic exchanges main sea freight index extended gains for a second straight session on Tuesday, helped by firmer rates for the panamax and supramax segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax v

China has indefinitely suspended the China-Australia Strategic Economic Dialogue, a largely symbolic yet important action which underscores the state of Sino-Australian relations. This now confirms Chinas stance on Australian coal imports ov

A new series of Polish Navy tugs has been installed with Evacs marine growth prevention systems to ensure engine cooling system efficiency and reduce maintenance costs throughout their operational lives. Evac has supplied marine growth prev

StormGeo , the leader in weather intelligence, ship routing and fleet performance management solutions, announced today it has increased its partnership with Ocean Network Express (ONE) , the sixth largest container carrier in the world. Th

Numbers man Kia Zadegan brings stellar experience to the finance chair at fast-growing Norwegian aquaculture venture Norcod (NCOD.OL) as it gears up for its first commercial harvest of high-quality farmed cod this summer. Im really thrilled

In the first four months of 2021, the amount of oil product tanker capacity that has been sent for demolition has already reached the total amount of demolished capacity in each of 2019 and 2020 due to unfavourable freight rates. If that pa

Boating Industry recently announced winners of the 2021 Top Product Awards, including the innovative Galeon 410 HTC Yacht . Galeon Brand Manager Bob Burke comments, Were honored to receive the prestigious 2021 Top Product award from Boating