On April 15, members of the Organization of the Petroleum Exporting Countries (OPEC) and 10 non-OPEC partner countries, collectively known as OPEC+, agreed to reduce crude oil production in response to rapidly increasing global oil inventor

The Baltic Exchanges main sea freight index saw its biggest daily percentage rise in over one month on Wednesday as capesize vessel rates jumped. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects

DNV GL Maritime has released the fourth edition of its Maritime Forecast to 2050. The purpose of Maritime Forecast to 2050 is to enhance the ability of shipping stakeholders, especially shipowners, to navigate the technological, regulatory

At the Documentary Committee meeting that took place on 21-22 September, the new BIMCO MOA was presented for review, in line with BIMCOs strategy to provide contracts for all sectors of the shipping industry. BIMCO has been working on the d

The peak season for containerised exports from Asia to the US is now underway with the COVID-19 pandemic and astoundingly high freight rates making it easy to forget the trade war which has now entered its third year. However, despite the d

The revision of BIMCOs most widely used voyage charter party GENCON is entering its completion phase, as the drafting team will meet during the autumn to process invaluable feedback received by the industry over the summer. During the summe

To support Singapores harbourcraft industrys transition towards a low-carbon future, the Maritime and Port Authority of Singapore (MPA) and the Singapore Maritime Institute (SMI) have launched a joint call for proposals on the electrificati

On September 23, COSCO SHIPPING Energy Transportations 319,000 DWT ship YUANHUA YANG completed ship registration, marking that the largest DWT ship in China has officially registered as Yangpu Port, China. Three months after the implementat

On September 21, the 208,000 dwt bulk carrier CL LIUZHOU built by Jiangsu Yangzijiang Shipbuilding for CDB Leasing was named and delivered successfully. The ship, the second-generation M.Whale Newcastles largest bulk carrier developed by MA

The Joint War Committee has recently reviewed the Listed Areas, and has agreed the following changes which are incorporated in the new list as attached. Amended: Gulf of Guinea The waters enclosed by the following boundaries: a)On the west,

Best Ship Energy Management Group Ltd. (BSEM), and the Hamburg company TECHNOLOG-MRM have entered into an agreement for the construction, production and sales of the tank container shown above. BSEM acts as an investor for the project and t

A total of 76 vessels carrying 12.2 million mt of iron ore arrived at major Chinese ports during September 13-19, SMM estimates. This was down 2.44 million mt from the previous week. The amount of arrivals at major Shandong ports fell sharp

A total of 5,088 China-Europe freight trains have passed through the border port of Erenhot in North Chinas Inner Mongolia autonomous region since 2014, said sources from the local railway operator. Erenhot Port initiated the China-Europe c

The Singapore Maritime Port Authority issued revised crew change requirements today in the form of PMA circular 38. BIMCO gives a short summary of these requirements. The PMA revised its crew change requirements on 1st September together wi

Global coatings manufacturer Hempel celebrated a significant milestone in China when it held a groundbreaking ceremony for a new factory in Zhangjiagang. With an annual production capacity of 200,000 tons, Hempels new factory in Yangtze Int