The West Texas Intermediate for April delivery shed 4.6 U.S. dollars, or 7.12 percent to settle at 60 dollars a barrel on the New York Mercantile Exchange. The U.S. crude futures suffered their largest one-day percentage loss since Sept. 8,

Container throughput at the Port of Hong Kong totaled 1.039m teu in February. The latest figure reflects a year-on-year decline of 10.4% compared to February 2019. Drilling further down into the figures, The Kwai Tsing terminals handled 914

Singapore, as one of the 20 Contracting Parties to the Regional Cooperation Agreement on Combating Piracy and Armed Robbery (ReCAAP), and host to the ReCAAP Information Sharing Centre (ISC), is pleased to have participated in the 15th Anniv

Indian Register of Shipping (IRClass), an international ship classification society, has won a contract to provide classification services for a fleet of Fast Patrol Boats Landing Craft Assault (LCAs) currently under construction for the In

Hapag-Lloyds 2020 net profit was US$1 billion, a year-on-year increase of 155%. Hapag-Lloyd published its annual report with audites business results for the 2020 financial year today. In the reporting year, Hapag-Lloyds earnings before int

On March 16, New Times Shipbuilding signed a contract with Chartworld for the construction of four 13,000 TEU container ships at a total cost of $420 million. The new ships will be operated with conventional power, and each ship will be equ

As part of the UK Chamber of Shippings ongoing work with the UK government, the Department for Transport yesterday (15 March) announced that all seafarers, irrespective of nationality, will be exempted from Red List (Acute List in Scotland)

The day of March 17 saw the second 85,000DWT bulk carrier delivered by Chengxi Shipyard for Foremost Group, one of the top international shipping companies. As the newly-upgraded vessel type of 82K bulk carrier, the 85K bulk carrier has a b

Global Shipping Business Network (GSBN) has incorporated in Hong Kong after securing the requisite regulatory approvals across multiple jurisdictions, and has officially started its operations to help accelerate the Digital Transformation o

On March 15, 2021, the digitalized contactless imports pickup solution based on blockchain technology, which was jointly developed by COSCO SHIPPING and Anhui Provincial Port Shipping Group, was officially launched at Wuhu Port, Anhui Provi

Braskem inks new Lead Logistics and Hub-in-Transit contract with A.P. Moller Maersk PSA Corporation Ltd. Establishing a strategic partnership, the parties highlight their joint commitment to responsible logistics based on continuous supply

In the first two months of 2021, Brazilian iron ore exports have risen by 9.1% to 53.0m tonnes, driven by China. So far this year, 35.2m tonnes of iron ore has been exported to China, representing a 15.2% increase from the same period last

INTERCARGO re-iterated its commitment to a safe, efficient, high quality and environmentally sound dry bulk shipping industry at its semi-annual meetings which were held last week. The Executive Committee and the Technical Committee convene

The 15 th Governing Council Meeting of the ReCAAP ISC (the Centre) was held on 16 and 17 March 2021 by virtual modality, due to the ongoing COVID-19 pandemic. The Meeting was attended by the Governors/Representatives of the 20 ReCAAP Contra

On March 16, Qingdao Beihai Shipbuilding Heavy Industry christened and delivered the sixth 325000 dwt VLOC ORE ZHOUSHAN for China Merchants Energy Shipping and ICBC Leasing, marking the successful completion of the series of six VLOCs. The