A significant expansion of the setup in China is showing results. In just a few months, Svanehj has landed two major PC pump orders in China. Most recently a contract with GSI Shipyard on a total of 96 deepwell pumps for four new MR Tankers

COSCO SHIPPING Ports Limited (COSCO SHIPPING Ports or CSP or the Company, SEHK: 1199), the worlds leading ports operator, today announced the first quarter results of the Company and its subsidiaries (the Group) for the 3 months ended 31 Ma

Driven by high freight rates and high demand, Evergreen Marine, which will welcome 30 new ships this year, is expected to become a big winner. Evergreen will take delivery of 30 container ships this year, adding 257,800 TEU to its fleet, da

On April 27, Hudong Zhonghua, a subsidiary of CSSC, named and delivered the fourth 23000TEU dual-fuel powered container ship CMA CGM Concorde to CMA CGM. This is the seventh ship of the same type delivered by Hudong Zhonghua and Jiangnan Sh

The Baltic Exchanges main sea freight index, which tracks rates for ships ferrying dry bulk commodities, gained on Tuesday as capesize rates touched their highest level in over a year. The Baltic dry index, which tracks rates for capesize,

The Egyptian Suez Canal Authority (SCA) denied, Monday circulated reports on arresting any of EVER GIVEN crew members SCA head admiral Osama Rabie said in a statement that the authority does not object the leaving or replacing of any of the

During a 10-day operation called Jangkar Haram, Malaysia clamped on illegal anchoring in its waters. The ships involved have either been warned and ordered to leave or detained and fined. BIMCO recommends Masters to take extra precaution an

On April 26, Huangpu Wenchong, a subsidiary of CSSC, signed a contract to build a 2,000 WT self-propelled offshore wind power installation platform with Yangtze Three Gorges Equipment Materials, a subsidiary of China Three Gorges Corporatio

On April 26, Jiangnan Shipyard, a subsidiary of China State Shipbuilding Corporation, signed for the delivery of Evergreens second 2,500 TEU feeder container ship EVER OCEAN. It is also the fifth ship delivered by the company this year. Thi

On April 26, ZhongGu Logistics announced that it plans to sell four container ships to large international container liner companies at a total price of $128 million to $135 million. The four container ships to be sold by the company, Zhong

At the 2021 Dongfeng Motor Brands Spring Ceremony held on April 17, COSCO SHIPPING, Dongfeng Motor Corporation, and China Mobile jointly announced the kickoff of strategic cooperation on self-driving vehicles for 5G smart ports. The three p

Malaysian energy giant Petronas has kicked off the export of liquefied natural gas (LNG) to China in ISO tanks. The maiden shipment of LNG ISO tanks has been delivered to Shanghai from Pasir Gudang Port of Johor on 23 April 2021, following

The Baltic Exchanges main sea freight index on Monday drifted up to its highest since September 2010, as an uptick in rates for the larger capesize segment offset a drop in panamax vessel demand. The Baltic dry index, which tracks rates for

In March 2020, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 163.83 points,up 33.70% year-on-year; the export trade index was 167.18 points,an increase of

On April 23, Mr. Ersin Eren, Director of North Asia Operations of BV Classification Society, presented the FGSS-Fuel Gas Supply System AIP certificate to CIMC Raffles on behalf of BV Classification Society. FGSS is an independent natural ga