Hamburg, 27 July 2022: Surplus containers are piling up at warehouses as demand wears out, resulting in rising demurrage and detention charges, contributing substantially to the operational costs for shippers. These were a few inferences th

With new IMO regulations on Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII) taking effect in 2023, BSMs extended Fleet Performance Centre is supporting ship owners efforts in reducing their vessels carbon i

The Baltic Exchanges main sea freight index fell to a nearly two-week low on Tuesday as rates across its vessel segments declined. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 53 points

On July 25, China Merchants Energy Shipping (CMES) released the first independent ESG report -- Environment, Social and Corporate Governance Report 2021, and published the carbon emission reduction target for the first time, and set the car

A new video has been released by Methanol Institute (MI) and Fastwater, highlighting the benefits of methanol as a marine fuel for small craft operating in ports and inshore waters. The film highlights the launch in late 2021 of the first p

July 25 --The first North Bund Forum debutedlast November.Guided by Chinese President Xi Jinpings congratulatory letter to the 2021 forum, a video program called North Bund Forum High-end Interview willbe launchedto improve the quality of t

Chinas index of export container transport went up in June, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) rose 3.5 percent month on month to 3,228.37 in the period, said the exchange. The

Ballasting operations in different parts of the world can be challenging due to wide variations in water quality. And this could make it difficult to achieve compliance with the IMOs so-called D2 standard for ballast water discharges - even

Posidonia Exhibitions S.A. , the organisers of the most prestigious shipping exhibition, released their Event Sustainability Report for this years, 27th Posidonia, which was not only the biggest but also the most sustainable, environmentall

Following the successful signing of 10 CROWN63 PLUS ships with three leasing companies in June, on July 22, SUMECMarine and NewDayang Shipbuilding, as joint sellers, signed the construction contract of two CROWN63 PLUSships withU-MingMarine

Collaboration aims to promote decarbonisation within the Japanese shipbuilding market and encourage adoption of Silverstreams air lubrication technology. Clean technology company Silverstream Technologies has signed a Memorandum of Understa

The Hong Kong Shipowners Associations Technical Director Martin Crosswell, offers valuable insight into the IMOs latest MEPC meeting. The outcome of 78thsession of the International Maritime Organisation (IMO)s Marine Environment Protection

Clean The Middle East Gulf CPP market has seen a mix of movements this week on the different sizes. On the LR2s TC1 continued its upward trend rising 22.59 points to WS226.88 with reports of WS230 on subjects for this run on Friday morning.

Peak Demand in Sight? The current spike in global oil prices and a tight supply situation has put the issue of peak oil demand back into focus. Those who thought the Covid-19 demand destruction of 2020 would permanently dent world oil deman

Voyager Worldwide, the maritime navigation specialist, today introduced Voyager eBook, a new eReader that provides access to Nautical Publications, Flag Circulars, Regulations and Notices via a web browser on any fixed or mobile Operating S