As part of the companys fleet improvement plan, Wan Hai Lines has confirmed an order of 4 container vessels with SAMSUNG HEAVY INDUSTRIES CO., LTD. The contract was signed on 31st May 2021. The contract includes four (4) 13,100Teu container

On June 1, Dalian COSCO Khi Ship Engineering held a christening ceremony for the two 61,000-dwt bulk carriers DE089/DE090 built for Hong Kong Wah Kwong Shipmanagement. DE089 was christened Darya Heera and DE090 was christened Darya Mira. Th

Chinas benchmark iron ore futures jumped more than 7% on Tuesday, rallying for a third straight session, boosted by reports that steel hub Tangshan plans to ease requirement for production cuts at its mills. The Tangshan government held a s

MAN Energy Solutions has developed a new small-bore engine solution that complies with Chinas Stage II commonly known as the C2-emission standard (GB15097 regulation) due to enter into force in July 2021. The new legislation will primarily

The Baltic exchanges main sea freight index slipped for a fifth straight session on Tuesday as a dip in capesize rates eclipsed gains in the panamax segment. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessel

MAN Energy Solutions has received an order for three 6G70ME-GI engines for three 210,000 DWT bulk carriers built by New Times Shipbuilding for Singapores Eastern Pacific (EPS). The three engines will be produced by MANs licensed manufacture

CTI-Maritec, the maritime industrys leading fuel and environmental technical advisory company has cut ribbon on a new fuel testing centre in Shanghai, China. The official opening today of the new state-of-the-art testing lab, located in the

Demand drivers and freight rates The first four months of 2021 have been record-breaking in volume terms, with demand reaching 1.69 billion tonnes the highest-ever start to a year. Volumes are up 6.1% compared with the same period in 2020,

As part of a major initiative to accelerate digitalisation in the shipping industry, BIMCO has teamed up with the International Chamber of Commerce (ICC) and other key stakeholders to help identify and overcome obstacles preventing a more w

Despite diverging pandemic paths in the world, global growth is forecast to reach 6% this year, according to the International Monetary Fund, following a 3.3% contraction last year. There are, however, still plenty of downside risks, especi

Norwegian cod-farming venture scores industry first and cements yet another strategic milestone with major world-class aquaculture certification. Trondheim-headquartered Norcod is the worlds first dedicated cod-farming operation to secure c

Optimarin is eyeing a Spanish market fiesta for its leading ballast water treatment system (BWTS) after bringing onboard Madrid-based Llalco Fluid Technology to boost regional sales. Llalco has been appointed to act as agent for Optimarin u

The 318,000 DWT very large crude carrier built by DSICs Bohai Shipbuilding Heavy Industry for KOTC was successfully delivered on May 28. The ship, independently developed and designed by Bohai Shipbuilding Heavy Industry, has reached the in

Increasing infection rates in key crew source countries and stricter crew-change protocols in major crew-change hubs are seen as main drivers for delayed and complicated crew changes. The Neptune Declaration Crew Change Indicator is based o

On May 31, Shanghai Waigaoqiao Shipbuilding successfully christened the 210,000 DWT Newcastlemax bulk carrier PENG MAY built for Foremost Group. This is the ninth of the 10 bulk carriers of this batch built by Waigaoqiao Shipbuilding for Fo