Prices for iron ore and coking coal, two key raw materials in steelmaking, delivered into China have moved in opposite directions since April this year, reaching virtual parity this week in a highly unusual event. Falling premium low vol co

Representatives from flag, coastal and port authorities from China, Denmark, Finland, Japan, the Netherlands, Norway, Republic of Korea, and Singapore met at a virtual event on 4 August 2020 to launch the MASSPorts initiative. The event was

LNT Marine, Wuhu Shipyard and SDARI signed a joint design agreement on July 31, under which the three parties will jointly develop and utilize LNT A-Box (Type A) cargo containment system invented by LNT Marine to design 40,000 m3 LNG carrie

Norways OHT has signed a shipbuilding agreement with China Merchants Heavy Industries (CMHI) for 2+2 wind power installation ships. OHT signs the agreement through VIND Offshore Installation AS, a wholly-owned subsidiary. The new ship will

1.Evergreen Marine Corporation (Taiwan) Ltd. becomes the eleventh shipowner to publicly disclose its approach to ship recycling through SRTI online platform. 2.Baowu will build the largest renewable resources industrial base in East China w

M.V. ROKNOOR-32, a General Cargo vessel, built under the classification of the Indian Register of Shipping (IRClass), was successfully launched from the Delta Shipyard in Chattogram, Bangladesh. Ordered by Unichart Navigation Limited, M.V.

New Executive Vice President Chief Operating Officer Katarina Lindstrm officially joined Hempel on 1 August. As Executive Vice President Chief Operating Officer (COO) and a member of the companys Executive Management Board, Katarina Lindstr

Evergreen Marine Corporation (Taiwan) Ltd. becomes the eleventh shipowner to publicly disclose its approach to ship recycling through the Ship Recycling Transparency Initiative (SRTI) online platform. In a corporate statement Evergreen said

Futures prices of steelmaking ingredients in China rose on Monday, with iron ore jumping more than 4% and coke scaling a 12-month high, on strong demand as the worlds top steel producer continues to ramp up output. The most-traded iron ore

The Baltic Exchanges main sea freight index climbed on Monday, as demand for capesize and panamax vessels rose. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and su

On July 31, China State Shipbuilding Corporation announced that the company has successfully raised a total of 3.866.8 billion yuan from 11 investors. So far, the nearly three-year project of CSSCs market-oriented debt to equity swap and ma

Baowu will build the largest renewable resources industrial base in East China with shipbreaking as the core in three years. On July 6, Ou Ye Chain Gold (Jingjiang) was inaugurated in Jingjiang. The registered capital of the project is 195

1.The container throughput of Shanghai port exceeded 3.9 million TEUs in July, hitting a record high, according to Shanghai International Port (Group) Co Ltd (SIPG). 2.China granted export tax rebates or exemptions worth 812.8 billion yuan

Shipping companies in Asia and around the globe are steaming ahead with efforts to minimize their carbon footprint as the urgency to decarbonize intensifies after a fairly smooth transition to the International Maritime Organizations low-su

The container throughput of Shanghai port exceeded 3.9 million TEUs in July, hitting a record high, according to Shanghai International Port (Group) Co Ltd (SIPG). The port saw its container throughput total 149,565 TEUs on Thursday, repres