At the start of October, the capesize order book was at 20 million DWT, a mere 5% of the capesize fleet. The contracting of newbuild capesize ships has gradually decreased since its peak in 2013 and only 5 million DWT were contracted so far

On October 16, the 16,000TEU container ship No. 2 built by CSSC Guangzhou Shipyard Internationaland China ShipbuildingTradingfor MSCandCSSC (Hong Kong) Shippingwaschristened anddelivered. The ship is named MSC VALENTINA. The ship is 366 met

The Israel-Gaza conflict has escalated significantly after Hamas launched a major terror attack on 7 October. This article answers some of the trade-related and contractual questions shipowners might have in this turbulent and highly volati

(11 Oct 2023, Hong Kong) CIMC Enric Holdings Limited and its subsidiaries (collectively, CIMC Enric or Company) (Hong Kong stock code: 3899.HK) are pleased to announce that a subsidiary, Zhangjiagang CIMC Sanctum Cryogenic Equipment Co., Lt

Except for February 2023, the uninterrupted year-on-year decline of container throughput at the Port of Hong Kong continued in September with a 14% fall off in boxes handled. The total throughput for September at all facilities was 1.197 te

New research has found that the maritime industry remains an easy target for cybercriminals, and that the cost of attacks and demand for ransom payments across the sector have skyrocketed over the past 12 months. The report, which was produ

High energy prices and aggressive interest rate hikes will lead to slow economic growth in western economies which could potentially spread to Asia. High inflation and monetary measures to combat the higher prices will likely impact consume

Majuro, Republic of the Marshall Islands, 17 October 2023.The Registrar of Corporations welcomes the decision by the European Unions (EUs) Economic and Financial Affairs Council (ECOFIN) to remove the Republic of the Marshall Islands (RMI)

On October 16, the first 1800 TEU container ship LITTLE EMMA built by Jiangsu New YangziShipbuilding for Greek shipowner MINERVAwas successfully signed and delivered. LITTLE EMMA has a length of 171.9 meters, a width of 28.4 meters, a molde

ASA hassubmitted to the European Commission in October 2022, in collaboration with ICS and WSC, their solid position that the CBER is an important regulatory tool that yields significant benefits to a variety of stakeholders, with no downsi

On October 16th, China Shipbuilding Trading Co., Ltd.(CSTC) together with Chengxi Shipyard Co. Ltd.( Chengxi Shipyard) delivered one 17000 DWT Asphalt Tanker named WHITE ALLEGRA to Kumiai Senpaku Co., Ltd., (KUMIAI) based in Japan. Represen

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