Maersk, the largest container shipping line and vessel operator in the world, updated information on Tuesday that its two ships lost 1,010 containers overboard in the Pacific Ocean recently, adding the total loss by transpacific ships to al

PT. Graha Trisaka Industri has awarded tug design contracts to Robert Allan Ltd. for a RAmparts 3200-W and a TRAktor 3200-V. The tugs will be built and operated by Taiwan Navigation Co. Ltd. under a long-term charter contract for CPC Corpor

The transportation demand was flat, and the freight rates of most routes decreased slightly Ningbo Containerized Freight Index: In the week ending Feb-19, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) q

Chinas crude oil imports are set to slow in the second quarter after Brent prices hit a 13-month high, cooling demand and capping refiners margins as they prepare to shut for planned maintenance, industry sources and analysts said. Expectat

The Permian Strikes Back? Despite recent cold weather in Texas disrupting oil and gas production, a comeback in US shale may already be on the horizon given the increasingly bullish fundamentals of the global oil market. Goldman Sachs have

The Maritime and Port Authority of Singapore (MPA) has awarded a third LNG bunker supplier licence to Total Marine Fuels Private Limited for a five-year term starting 1 January 2022. Total Marine Fuels Private Limited is a global LNG suppli

On February 25, Guangzhou Shipyard International welcomed the first major order since the Chinese New Year, and signed a contract with China Merchants Nanjing Tanker Corporation for two 49,700 dwt product tankers and two 49,500 dwt chemical

Hong Kong-based, Oslo-listed, Jinhui Shipping and Transportation has reported a net loss of US$15.25m for 2020. The result for the dry bulk owner compares to a US$4.5m gain in 2019. Jinhu Shipping management cited poor business sentiment as

New analysis from SEA-LNG, the coalition for accelerating LNG as a marine fuel, has determined that for every 10% of bio-LNG dropped in and blended with LNG as a marine fuel, a vessel can achieve two extra yearscompliance with the Annual Ef

On February 23, Group President Hu Jianhua investigated the Dalian Port of Liaoning Port Group and learnt about Liaoning Port Groups production and operation activities, land development and on-site operation, inspected the service assuranc

With US ports facing a serious container backlog that has disrupted China-US commerce move under the impact of the pandemic, Chinas leading shipping company has moved swiftly to send more than 400 empty containers to the US to ease the cong

Torqeedo has announced a new direct distribution organisation in Norway to address the growing market for its marine electric propulsion systems in that region. Norway has a long tradition of seafaring and is a world maritime centre for shi

DNV GL, the worlds leading classification society, has joined the Smart Maritime Network, an initiative dedicated to supporting collaboration and standardization in the development of IT systems for the shipping sector. Bjrn-Johan Vartdal,

After a turbulent year, low demand looks set to plague the market in the coming months combined with too many ships fighting for too few cargoes in both the crude oil and oil product segments. Demand drivers and freight rates The realities

After a down and up year in container volumes, the current logjams in the system and unbalanced trades will take months to resolve, allowing carriers to profit from high freight rates, and tonnage providers to enjoy lofty charter rates. Dem