The Baltic Exchanges main sea freight index that tracks rates for ships carrying dry bulk commodities extended gains, rising to its highest since late 2010 on Thursday as capesize rates jumped on strong Chinese iron ore demand. The index, w

ONEX Peace, an Aframax tanker built by Hyundai Samho Heavy Industries and delivered to its owner ONEX, has become the worlds first merchant ship to receive DNVs SILENT-E notation. DNV is the first classification society to offer an underwat

Shippers, freight-forwarders, liner operators and everyone within the ocean container freight value chain can now access reliable real-time intelligence of fluctuating daily rates with the launch of the Xeneta Shipping Index (XSI) for thesh

According to the data of the Ministry of Transport, in the first quarter, the cargo throughput of Chinas ports was 3.574 billion dwt, up 18.8% year on year. Container throughput was 65.82 million TEU, up 19.3% year on year. Among them, the

On April 20th, Shanghai Waigaoqiao Shipbuilding held the keellayingceremony for the 210,000 DWT series bulk carriers H1520 and H1521 built for ICBC Leasing and to be chartered by CITIC Metal on the same day. These are the third and fourth v

The Baltic Exchanges main sea freight index surged to its highest in over a decade on Wednesday, powered by a jump in the larger capesize vessel segment on increasing iron ore shipments from Brazil. The Baltic dry index, which tracks rates

To attract, retain and upskill talent in the fast-transforming maritime sector, a set of initiatives were unveiled today by Mr Niam Chiang Meng, Chairman of Maritime and Port Authority of Singapore (MPA). The announcement was made at the Ma

The sixth 210,000 dwt bulk carrier HUI TAI HAI (N951), contracted by COSCO Shipping Heavy Industry (Yangzhou), was christened in Yangzhou on April 20. The 210,000 DWT Newcastle bulk carrier is 299.95m in length, 50m in width and 25m in dept

In accordance with Notice of the Ministry of Agriculture and Rural Areas on adjusting the system of summer fishing ban of the Peoples Republic of China (Circular [2021] No. 1 of the Ministry of Agriculture and Rural Areas) (The Notice), fro

Chinese shipyard, Hudong-Zhonghua Shipbuilding, has recently completed the sea trials for the first FSRU it is building for the Greek shipping company, Dynagas. The shipyard, a unit of the China State Shipbuilding Corporation (CSSC) said th

Russias announcement that it will close access to the Kerch Strait which connect the Black Sea and the Sea of Azov has triggered a reaction within the London insurance market. The Joint War Committee of Lloyds Market Association has issued

Ampelmann and C-Job Naval Architects have joined forces to develop a one-of-a-kind offshore wind feeder vessel concept with motion compensation technology, specifically suited for the rigorous demands of operatingoff the east coast of the U

On April 17, 2021, Huadian Heavy Industries, Shanghai Boqiang and CIMC Raffles held the signing ceremony of 3060 Series Offshore Wind Power Installation Platform in Yantai. The 3060 Series Offshore Wind Power Installation Platform Project i

At 7:00 on April 18th, CTOS3.0 independently developed by Ningbo Zhoushan Port was successfully launched, which solved the problem of increasing container throughput and timely processing of production business. It is an important display o

A S$120 million fund for a maritime decarbonisation centre in Singapore The Maritime and Port Authority of Singapore (MPA) will join hands with industry partners under two separate agreements signed today to advance decarbonisation efforts