Leaders of the Round Table of International Shipping Associations - BIMCO, INTERCARGO, International Chamber of Shipping and INTERTANKO - met virtually last week to debate key issues facing the maritime industry today. At the meeting, the a

Vestdavit keeps design and delivery on track with unique boat-handling system supplied for cable-layer Nexans Aurora at Norwegian yard Newbuild cable-laying vessel Nexans Aurora will be making waves in more ways than one when it hits the wa

The Port of Gdansk has overtaken Russias Port of Primorsk to become the third-busiest port for cargo shipments in the Baltic Sea. Figures show the port handled a total of 4.6 million tons of cargo in January 2021, up 8.8 per cent year-on-ye

On March 8, COSCO SHIPPING Holdings released its annual performance bulletin for 2020. In 2020, the company achieved a total revenue of 171.258 billion yuan, with a year-on-year growth of 13.37%; Net profit attributable to shareholders of t

The COVID-19 pandemic had caused enormous impact on Tokyo MOU activities in various aspects, including a notable decrease of the number of inspections due to restrictions of ship-shore interaction. Recognizing the necessity and importance o

StormGeo , the leader in weather intelligence, ship routing and fleet performance management solutions, announced today the launch of Strategic Power Routinga service that optimizes the power output of a vessel in varying weather conditions

China will construct a Polar Silk Road and actively participate in the development of Arctic and Antarctic regions, it said in its new 2021-2025 five-year plan published on Friday. The plan said China would participate in pragmatic cooperat

Chinas soybean imports in the first two months of 2021 fell slightly from a year earlier, customs data showed on Sunday, as rains in top exporter Brazil slowed some shipments. The worlds top market for soybeans brought in 13.41 million tonn

Tianjin Port, one of the worlds top 10 ports in cargo volume, is accelerating its efforts to become a world-class international shipping hub, said Liang Yongcen, vice-chairman of Tianjin Port (Group) Co. Currently, there are five major port

DNV, the worlds leading classification society, granted an Approval in Principle (AiP) to Hyundai Mipo Dockyard (HMD) for a new design of intra-Europe 1,900 TEU feeder container ships. Young Jun Nam, CTO Executive Vice President at HMD, and

IMO-Norway project is supporting States to implement energy efficiency measures and explore opportunities for low carbon shipping. Eleven States from across the globe are partnering in the International Maritime Organization (IMO)-Norway Gr

Chinese piped-gas operator China Gas has formed an LNG and LPG and hydrogen pact with its compatriot China Petrochemical Corporation (Sinopec). The strategic cooperation agreement will enable both parties to engage in all-round cooperation

The market looked forward to resuming work, and most freight rates fell Ningbo Containerized Freight Index: In the week ending Mar-5, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 2152.9 points,

Digitalisation has taken on a new urgency in the light of the COVID-19 pandemic, in particular when it comes to digital data exchange in ports, and for facilitating trade and logistics in general. BIMCO and other maritime NGOs are inviting

Short Term Pain Yesterdays news that OPEC+ would keep production unchanged for April was not exactly what the tanker market wanted or needed. Undoubtedly this move will create more short-term pain for the sector with very little change in c