16 October 2023.Swiss marine power company WinGD will deliver ammonia-fuelled X‑DF‑A engines for a series of two 46,000m3 LPG/ammonia carriers to be built for EXMAR LPG BV, a joint venture of EXMAR and Seapeak, at Hyundai Mipo Dockyard.

Madrid/Copenhagen- Inditex, parent company of fashion brands such as Zara and Massimo Dutti, has partnered with the freight group Maersk to reduce its global greenhouse gas (GHG) footprint from seaborne logistics by incorporating alternativ

[Photo: Xinhua/Zhang Ailin] BEIJING, Oct. 13 (Xinhua) -- Chinas total imports and exports of goods continued to improve in September, with the trade volume reaching a new monthly high for this year, official data showed Friday. The foreign

Capesizes Closing at $27,591 the Capesize TC average maintained similar levels week-on-week, however large gains were seen on Monday when the spot rate climbed close to $29,000, but neither Atlantic nor Pacific basin was lending much of the

On September 27, PPA S.A. (ASEX Code: PPA) announced its operating results for 2023, achieving the new highest performance in history. In the first half of 2023, PPA S.A. achieved an operating income of 102.42 million, a total profit of 49.

The U.S. Department of the Treasurys Office of Foreign Assets Control (OFAC) yesterday imposed sanctions on two non-U.S. entities and vessels which they assert used U.S. service providers while carrying Russian crude oil above the agreed pr

As the International Association of Dry Cargo Shipowners (INTERCARGO) publishes its Annual Review taking in the highs and lows of the past 12 months, it is celebrating its membership reaching the highest point in its 43-year history. The As

On October 11, China State Shipbuilding Corporation Qingdao Beihai Shipbuildingand China ShipbuildingTradingsuccessfully signed a construction contract for a 319,000dwt VLCC with the internationally renowned oil tanker ownerEURONAV. [Photo:

Carriers reduce shipping capacity, freight rates rise sharply on some routes Ningbo Containerized Freight Index: In the week ending Oct-13, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 622.2 poi

From January to August 2023, Chinas shipbuilding industry continued to top global rankings in three crucial categories -- shipbuilding output, new orders, and holding orders, which all reported double-digit growth. The countrys shipbuilding

Large scale changes identified in report include key ports becoming unusable due to climate change, a surge in the percentage of women in the workforce, and African nations becoming the worlds main suppliers of seafarers. The maritime indus

[Photo: DING TING/XINHUA] The deployment of Haixun 08, the largest and most advanced surveying ship in Chinas maritime safety system, will extensively improve the countrys oceanographic research and its support capability for maritime indus

All sub sectors and age categories have seen container values and earnings fall based on weakened market sentiment which has had an impact on recent benchmark sales. Values for 20YO Post Panamax vessels of 7,000 TEU are down by 18.51 % from

Sideline Observer Over the weekend, the world woke up to the extremely disturbing news coming out of Israel, with the conflict escalating rapidly as days went by. Oil prices initially gained on the news but retreated later in the week on th

The shipping industry is facing an increase in new regulations from the International Maritime Organization (IMO) and the European Union (EU) and an increase in the urgency to decarbonise. To support the industry, BIMCO has developed a new