7thNovember 2022, Sharm El-Sheik. Three more governments have endorsed a worldwide cross-sector initiative to catalyse the supply of green fuels, and support the global energy transition, it was announced today in Egypt at COP27. Panama, Ur

China Classification Society (CCS) is joining forces with several major Chinese marine industry companies to launch the Sustainable Shipping Innovation and Development Initiative (SSIDI). CCS launched SSIDI in Beijing with representatives o

Evergreen Marine Corp., the largest container cargo shipping company in Taiwan, has acquired the entire stake in a Panama terminal in a bid to strengthen its presence in the Americas and raise its competitive edge. Speaking with reporters a

On November 3, the China Classification Society (CCS), in collaboration with Sinopec Group, COSCOShippingEnergy Transportation, China Merchants Energy Shippingand ICBC Leasingheldthe launchingceremony of Sustainable Shipping Innovation Deve

During the 5th CIIE, 8 companies under China State Shipbuilding Corporation and 18 international partners have successively signed contracts for 21 projects, with a cumulative total of US$450 million , a year-on-year increase of 205.5%. The

Chinas gross marine product registered a steady year-on-year growth of 2.1 percent to 6.8 trillion yuan (about 929.58 billion U.S. dollars) in the first three quarters of 2022, according to the data released by the Chinese Ministry of Natur

As Hong Kong re-opens to the world, the staging of 47 separate events held over seven days makes Hong Kong Maritime Week 2022 the most spectacular in its six-year history. Organized by the Hong Kong Maritime and Port Board with the support

Future plans Liquid biofuels are expected to have an important role to play in meeting future fuel requirements as the energy transition progresses and petroleum demand begins to come under pressure. Increasingly, these required biofuels wi

Whats new? RightShip is pressing ahead with its vision for a zero-harm maritime industry by enhancing the methodology for its well-established Greenhouse Gas (GHG) Rating, which has been providing emissions data transparency and insights to

Recently, COSCO Shipping Specialized carriersCOSCO Shipping Harmony loaded with 2,387 commercial vehicles departed toItaly. ItmarksCOSCO Shipping Specialized carriersfirst commercial vehicles exported to the Mediterranean routelaunched. Thi

On November 3, a christening ceremony was held for the 3,000 CEU multi-purpose ro-ro cargo ship No. 2 built by Guangzhou Shipyard International for COSCOShipping Ferry, a subsidiary of COSCO Shipping Group. The ship was christened CHANG LON

The Baltic Exchanges dry bulk sea freight index (.BADI) extended its losing streak to a 12th session on Thursday, pressured by waning capasize rates due to low iron ore shipments to China. The overall index, which factors in rates for capes

High energy prices in Europe have shifted aluminium production to China. Due to Chinas increasingly depleted bauxite reserves, this shift has resulted in an increase in bauxite shipments, benefitting the capesize segment. Guinea, the worlds

International shipbrokers IFCHOR and Galbraiths have agreed to merge and are in the final stages of completing a share for share agreement which is expected to close in the next few weeks. The new entity will be headquartered in Switzerland

In Q1 of 2023, the GHG Rating methodology will be updated to incorporate Energy Efficiency Existing Ship Index (EEXI) values. RightShips proprietary GHG Rating algorithm already uses data and outputs from either the Existing Vessel Design I