The composite index increased 1% this week, and 169.2% up when compared with same period of 2019. The average composite index of the WCI, assessed by Drewry for year-to-date, is $2,129 per 40ft container, which is $590 higher than the five-

The Baltic Exchanges main sea freight index posted its first annual gain in three years on Thursday as iron ore shipments to China bounced higher, despite a hit to shipping activity due to the coronavirus pandemic. The Baltic dry index, whi

COSCO SHIPPING Energy Transportation will consider ordering its first batch of VLECs at a Chinese shipyard in the near future. This is mainly due to the recent VLEC cooperation letter of intent signed between COSCO SHIPPING Energy Transport

Singapore is currently experiencing a monsoon season, which is expected to end early March. Particularly from December this year to early January next year, monsoon surges are expected to cause widespread continuous moderate to heavy rain,

COSCO Shipping Group and Shougang Group signed a strategic cooperation agreement On December 22, the signing ceremony of strategic cooperation agreement between COSCO Shipping Group and Shougang Group was held in Beijing. According to the a

Ambitious plans to expand CSM Energy into a one-stop shop solution for ship owners, investors and operators in the energy sector, have been revealed by the business. CSM Energy has announced its plans to expand from an asset management comp

Chinas busiest port, the Port of Ningbo Zhoushan in the eastern province of Zhejiang, saw its annual container throughput surpass 28 million twenty-foot equivalent units (TEUs) for the first time on Monday. That makes the port one of just t

China Tianjin Container Freight Index (TCI), an indicator of northern Chinas international container freight rates, stood at 1,513.19 points on Wednesday, up 8.46 percent compared with the previous working day. The statistical samples of TC

Huanghua ports coal shipments as of December 20 this year reached a record high of 198.59 million tonnes, exceeding the annual target by 4.6 million tonnes, state media CCTV reported. About 80% of the coal produced in Chinas main producing

The version 4 of the cyber security guidelines is published at a time when shipowners and ship managers are faced with a requirement to implement cyber risk management in their safety management systems (SMS) by the time of their first Docu

Liberia finishes off 2020 as the worlds fastest growing flag State for the second year in a row. In late 2018 Liberia became the second largest flag State in the world, and since then, has continued to lead the world in fleet growth for two

On December 22, the 23000TEU ultra-large dual-fuel container ship CMA CGM LOUVRE built by Jiangnan Shipyard for the French CMA CGM Group was christened and delivered. This is the fourth ultra-large dual-fuel container ship delivered to CMA

The second 62,000 dwt multi-purpose pulp ship, named N1007, was delivered by COSCO SHIPPING Heavy Industry (Dalian) on Dec. 21 for COSCO Shipping Development. This ship is the tenth series multi-purpose pulp ship delivered by the company, w

Dalian iron ore futures jumped nearly 10% on Monday as the key steelmaking raw material extended a rally powered by bullish demand outlook for 2021 and growing concerns about supply. Iron ore has emerged as the top-performing major commodit

China has issued the first batch of crude oil import quotas for non-state companies at 122.59 million tonnes in 2021, two sources with knowledge of the matter said on Monday, up 18% from the first round for 2020. The increase follows the la