On January 25, China Shipbuilding Trading and Huangpu Wenchong Shipnuilding signed a 2+2 1500TEU container ship construction contract with Greek shipowner COSMOSHIP. Representatives of all parties sign the contract through cloud signing. Th

Orient Overseas (International) Limited (OOIL) reported that the company has entered into a Placing and Subscription Agreement with Faulkner Global Holdings Limited, our immediate parent company and part of COSCO SHIPPING Holdings, and JP M

The Board is pleased to announce that on 27 January 2021, the Sellers, Sound Joyce (a whollyowned subsidiary of the Company) and Red Sea Ports entered into the Share Purchase Agreement pursuant to which, the Sellers have conditionally agree

On January 21, in Guangdong, COSCO SHIPPING and Midea Group held a signing ceremony for a strategic cooperation agreement and transportation service framework agreement. Chairman of COSCO SHIPPING Capt. Xu Lirong and Chairman and President

After its last order of 8 container ships from Japan Marine United Corporation (JMU) back in November 2018, Wan Hai Lines again contracted twelve new-build 3,013Teu ships with JMU/Nihon Shipyard Co Ltd. (NSY) today. This new series of vesse

The global container fleet grew 2.9 per cent in 2020, its slowest rate since 2016, helping carriers in a tumultuous year, said the Paris-based container shipping consultancy Alphaliner. TEU capacity reached 23.9 million TEU as of January 1,

There is now increasing pressure for shipowners to sharpen their environmental performance, driven by an IMO target to halve greenhouse gas emissions from shipping by 2050, regional regulations and market pull from charterers, banks and inv

Ballast Water Treatment (BWT) specialist Optimarin is fighting for the title of Norways Smartest Business, capping a year that has seen strong sales and revenue performances under difficult conditions. The Stavanger-headquartered, global BW

BIMCO has extended its library of offshore industry standard contracts with the adoption of ASVTIME a time charter party for accommodation support vessels. Updates of BIMCOs ocean towage agreements TOWCON and TOWHIRE have also been adopted

By Serafeim Katsikas, CTO, METIS Cyberspace Technology If IMO 2021 brings clarity on cyber security, attention must now turn urgently to ship system interoperability so that the true rewards of digitalization are not allowed to slip through

In 2020, COSCO SHIPPING Energy Transportations profits increased by more than 2.2 billion yuan, which will enable COSCO SHIPPING Energy to have sufficient capital and confidence to invest in Russias Arctic LNG II project. On January 25, COS

The sharp plunge in bunker sales in Hong Kong in 2020, a manifestation of the slump in demand worldwide for marine fuels as well as quarantine restrictions imposed in the city-port due to the global coronavirus pandemic, has boosted bunker

The Baltic Exchanges main sea freight index on Tuesday dropped for a third straight session to its lowest in over two weeks, as a seasonal dip in Chinese demand weighed on vessel rates. The Baltic dry index, tracking rates for capesize, pan

Bawat announced that the Marine Engineering specialist company, Herbosch-Kiere has chosen Bawats Mobile containerized BWMS for its reception facility to serve its entire fleet of vessels and barges. How Bawats Mobile BWMS Works The Bawat Mo

Finland-based ferry company Viking Line has hit a milestone in the construction of its new LNG-powered ferry, the Viking Glory. The company said the launching of the vessel being built at the Xiamen Shipbuilding Industrys shipyard in Xiamen