MAN Energy Solutions has received three orders for a total of seven compressor systems. These will be delivered to the Aker BP-operated production platforms, Hugin A and Munin, in the Yggdrasil area, and a new production and wellhead platfo

Economy: For the first time in the modern era, China owns the worlds largest merchant fleet in gross tonnage (gt) terms. Chinas GDP forecasts growth is below the official 5% target, and there is fear of Chinas potential deflation to slow it

On August 30, the board of directors of China Merchants Port Holdings Co., Ltd. announced the interim results of the Company and its subsidiaries for the period ending June 30, 2023. In the first half of 2023, the Group constantly adhered t

COSCO Shipping Lines showed an unusually strong result in 2Q 2023, becoming the only carrier to significantly improve its finances compared to 1Q 2023, after an apparently highly successful cost-cutting move, according to Alphaliner. COSCO

The largest bi-fuel ocean-going car carrier in China was launched on Tuesday for the transportation of Chinese vehicles on the special routes to Europe, Australia and New Zealand. The carrier is customized by JiangnanShipyard (Group) Co., L

Long-term ocean freight rates slid once again in August, marking the 12thconsecutive month of declines for beleaguered carriers. According to the latest real-time data from the Xeneta Shipping Index (XSI), contracted rates fell 7.8% in Augu

Global rice exports could fall by at least 4% in 2023 because of Indias restrictions on exports and El Nios impact on supply. Replacing Indias rice exports is challenging, as India accounts for almost 40% of the worlds export of rice. Low r

31 August 2023 at 10 AM EEST.Technology group Wrtsil will supply the LNG Fuel Gas Supply (FGSS) systems for four new 23k TEU container vessels being built for France based operator CMA CGM at the Hudong Zhonghua Shipbuilding yard in China.T

OnAugust 30, China State Shipbuilding Corporation released its 2023 semi annual report, with a year-on-year increase of 182.46% in net profit for the first half of the year, reaching 553 million yuan. The report shows that in the first half

[Photo: Xinhua] An executive at China Merchants Port Holdings (CMPort) told the Global Times on Wednesday that the company is optimistic about the new port complex project at Sri Lankas Colombo Port. Construction of the logistics hub, which

Hong Kong and Oslo-listed dry bulk specialist Jinhui Shipping and Transportation has recorded a second quarter loss of US$7m after revenue of US$23m for the period. The consolidated net loss for the quarter was mainly attributable to the lo

Introduction The outlook for shipping finance remains positive, with a great number of lenders from Banks to Funds and Leasing Houses engaging in ever-greater competition to deploy capital. In the Offshore markets, the changes are especiall

Reducing the methane slip is a vital challenge in taking LNG-fueled ships towards zero greenhouse gas emissions. Now the Finnish marine technology supplier Wrtsil and Swedish shipping company Furetank are co-developing and testing two techn

Investments from China have breathed new life into a Greek port that once hit development bottlenecks, making it a flagship project under the China-proposed Belt and Road Initiative. ATHENS, Aug. 29 (Xinhua) -- Since Chinas COSCO Shipping b

Tel Aviv-based maritime technology company Orca AI is set to continue its successful collaboration with NYK Group subsidiary MTI and partners, leveraging its industry-leading automated watchkeeper in the second development stage of the MEGU