Lithuanian ship designer Western Baltic Engineering (WBE) is unveiling new designs for what it believes is the first ever electric pusher vessel for use on Europes inland waterways called the ELECTRIC EEL. Klaipedaheadquartered WBE said the

The freight rates of the routes all fell, and the decline of the composite index expanded Ningbo Containerized Freight Index: In the week ending Aug-12, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quo

Capesize The Capesize market continued to soften this week leaving little ambiguity about the state of the market as the 5TC posted at a low of $6,267 on Friday. While the Pacific rates have already been bottoming out in recent times, the A

Hutchison Ports confirmed earlier reports that it has reached new agreements with the Egyptian government for an expansion of its container terminal operations in the country. News of this agreement comes just days after Maersk also entered

VLCCs back in the game? This week, benchmark VLCC earnings (non-scrubber, non eco) surged to over $40,000/day after spending nearly 20 months with TCEs either negative or below fixed operating costs. TCEs have found supportfrom a combinatio

Feng Ping, deputy general manager of Chery Automobile, said that COSCO Shipping Specialized Carriers had launched the solution in a short period of time, which solved our urgent problem. Cherys car accounted for about 40% in COSCO SHIPPING

SINGAPORE, 16 Aug 2022 PaxOcean Engineering Pte. Ltd. has signed a Memorandum of Understanding (MOU) with Singapore-based bunker vessel operator Hong Lam Marine and classification society Bureau Veritas (BV) to jointly develop an ammonia bu

Helsinki, Finland 18th August 2022: Norsepower Oy Ltd., the leading global provider of auxiliary wind propulsion systems, today announced a contract with Dalian Shipbuilding Industry Co. Ltd. for delivery of single Rotor Sails onboard two n

On August 18, Yang Ming Marine Transport Corporationannounced that it had ordered 18,600 containers, with a total transaction amount of $95 million - $105 million. In March, YangMing bought 20,000 containers for $110 million to $120 million

South American spot rate gap set to narrow as shippers take advantage of lower Far East to West Coast rates The latest ocean freight rate data from Xeneta reveals that spot rates are currently USD 3700 more expensive for shipping 40 contain

Average container prices have declined by more than half from the last year in August as China picks up containerised trade volumes more recently, according to an analysis published today by Container xChange , a technology marketplace and

Hong Kong Secretary for Transport and Logistics Lam Sai-hung addresses a Singapore audience at yesterdays hybrid seminar Hong Kongs Secretary for Transport and Logistics Lam Sai-hung led a cohort of government and industry players in a hybr

COSCO Shipping Specialized Carriers Co Ltd, the worlds largest specialized shipping operator by fleet size, will add service routes from China to eastern regions of South America as well as Europe within this year to meet soaring transporta

Hypertension, or high blood pressure, can lead to stroke, heart and kidney disease and other serious medical conditions. A healthy diet, exercise and appropriate medication can reduce high blood pressure. Detection of elevated blood pressur

The countdown is on: From 6 to 9 September 2022 the Whos Who of the maritime sector will meet in Hamburg. For nearly 60 years SMM has been a magnet for shipowners, suppliers, shipyards and industry visitors from all around the world. Some t