On April 15, Shanghai Waigaoqiao Shipbuilding, a subsidiary of China State Shipbuilding Corporation, signed and delivered the 210,000 dwt Newcastlemax bulk carrier DE MAY for Foremost Group. DE MAY is a Newcastlemax bulk carrier built for F

The Baltic Exchanges main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to its highest level since September 2019 on Thursday as demand strengthened across vessel segments. The Baltic dry index, which t

Chinas iron ore futures rose as much as 4.4% on Thursday staging a smart recovery from the previous session on a big spread between spot cargoes and futures and demand for the steelmaking ingredient strengthened. There have been speculation

Hapag-Lloyd is stepping up once more the investment in its container fleet in light of the current situation similar to what the container shipping line did in 2020 in its initial response to the pandemic as today it needs significantly mor

Tonne mile demand generated by US crude oil exports has fallen by 9.7% in the first two months of 2021 compared with the start of 2020. The fall could however have been much worse; In volume terms, seaborne crude oil exports have fallen by

A semi-submersible drilling platform from China Merchant Heavy Industry (CMHI), SHEN LAN TAN SUO, has become the worlds first offshore unit to receive DNVs Smart notation compliance certificate. The voluntary Smart vessel notation from DNV,

In a major step toward achieving sustainable shipping, the first of three LNG battery hybrid PCTCs commissioned by United European Car Carriers (UECC) was launched in an official ceremony Monday 12 April at theJiangnan Shipyardin Shanghai.

On April 14, 2021, SPDB Financial Leasing, Daewoo Shipbuilding Marine Engineering, and MSC held the delivery ceremony of MSC APOLLINE by means of tripartite video. After long-term marketing, the project was officially launched at the end of

Hoglund, a ship solution provider, recently received a contract from Guangzhou Shipyard International to deliver Fuel Gas Supply System (FGSS) for four LNG-powered LR II tankers. Hoglund will cooperate with Guangzhou Shipyard Intenational t

On April 13, ZhongGu Logistics announced that it plans to raise no more than 3 billion yuan for container ship purchase projects. ZhongGu said it will raise 1.5 billion yuan and invest a total of 3.9514 billion yuan in the construction of 1

The contest for the laurel of becoming the worlds largest shipbuilder between China and South Korea has become more intense, and a South Korean advance in new orders of late serves as a reminder of the need for Chinese shipbuilding companie

Egypts Suez Canal Authority (SCA) agreed with a Chinese shipbuilder to build five tugboats and the contract will be signed very soon, SCA Chairman Osama Rabie told Xinhua. Without mentioning the name of the Chinese company, Rabie noted that

The Australian Jimblebar Blend Fines, or JMBF, slipped from premiums into discounts against the 62% Fe index as demand for iron ore fines with lower ferrous content and higher impurity levels dropped due to stricter quality requirements amo

The Panama Canal Authority (ACP) has announced that it will postpone price increases on canal transit fees which were due to come into effect tomorrow. The announcement follows a joint letter sent by the International Chamber of Shipping (I

GTT announces that it has received an order from its partner the Chinese shipyard Hudong-Zhonghua Shipbuilding (Group) Co. Ltd. for the tank design of a new LNG carrier on behalf of the Chinese ship-owner ShenZhen Gas Corporation Ltd. GTT w