In recent weeks there has been a slight correction in values based on the latest benchmark sales. However, year on year values for this sector are up across all age categories, for example 15YO vessels of 110,000 DWT are up by c.20.95% from

At the Global Sustainable Transportation Summit Forum and the 15th International Transportation Technology and Equipment Exhibition, China Marine Bunker ( PetroChina) Co.Ltd. (abbreviated as CHIMBUSCO), a core shipping service enterprise un

In consideration of the present market situation, THE Alliance will make changes to the Asia to Transpacific-North West Coast Network by temporarily suspending the PN3 service and enhancing the existing PN2 service as of week 41 until furth

Daily crude steel production at key member firms of China Iron and Steel Association (CISA) stood at 2.13 million tonnes during September 11-20, falling 1.17% compared with the previous ten days, the CISA data showed. Daily output of pig ir

[Photo: Xinhua/Ji Chunpeng] BEIJING, Sept. 24 (Xinhua) -- Chinas shipbuilding industry continued to lead globally in the first eight months of this year with double-digit increases in both output and new orders, industry data showed. The co

SITC Cagayan / Source: VesselFinder SITC International Holdings, the holding company of Hong Kong-based intra-Asia carrier SITC Container Lines, said on 21 September that it will spend over US$100 million to buy five existing ships and two

[Photo provided to chinadaily.com.cn] Avance Rigel, a 230-meter-long VLGC(Very Large Gas Carrier), departed Berth D24 of the Dongjiakou Liquid Chemical Terminal of Qingdao Porton September 16 carrying 49,633 metric tons of low-temperature p

Use of worn mooring lines, overtightening of the brakes, or sudden movements of the ship are some of the main reasons for ropes straining beyond their breaking limits and parting. Parting of tensioned mooring lines has been associated with

Leading classification society, the Indian Register of Shipping (IRS), participated in London International Shipping Week 2023 , demonstrating its commitment to sustainability in the maritime industry. At this global maritime arena, IRS hos

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On the afternoon of September 22, the North Bund International Shipping Forum 2023 was opened in Shanghai. This event was hosted by the Shanghai Municipal Peoples Government and the Ministry of Transport, and organized by COSCO SHIPPING and

Friday 22 September 2023. Shanghai/London: Today, the International Chamber of Shipping (ICS), the global trade association for shipowners, which represents over 80% of the world merchant fleet, has announced the inauguration of a new ICS R

Western Pull or Eastern Push? This year has seen a major increase in the Middle East clean product exports to Europe, with flows, mainly gasoil and jet, averaging at 0.82mbd for the year to date, up by 43% compared to the same period last y

For the 10th year in a row, Singapore ranks first in the Xinhua-Baltic International Shipping Centre Development Index (ISCDI) Report. Published jointly by Chinese state news agency, Xinhua, and global maritime data provider, Baltic Exchang

On September 21, COSCOSHIPPING Energy Transportation announced that it planned to spend approximately US$118 million to participate in the investmentof three LNG shipsin ENN LNG transportation projectbuilt byMOL in Hudong-Zhonghua. COSCOSHI