The oversupply of containers is contributing to second-hand container market prices plummeting, ContainerxChange shared in a recent analysis. The current situation of oversupply of containers is a result of a series of reactionary market di

Decarbonisation is likely to remain a front and centre priority for the maritime industry for several years to come. In this article, we explore the potentially unforeseen effects of new regulations to the commercial business side of shippi

On July 18, China State Shipbuilding Corporationheld ananalysis meeting for the first half of 2022 to comprehensively summarize the completion of scientific research, production and operation, deeply analyze the current internal and externa

Decision-making consultation is an important responsibility of sci-tech associations, the society is the main body of sci-tech associations, and the strategic experts are the key of the decision-making consultation. In order to strengthen t

Reaching ambitious decarbonization targets is projected to require multiple decarbonization measures. One such measuresustainable fuelscould help reach those decarbonization targets, according to McKinsey. Sustainable fuels include biofuels

The Baltic Exchanges main sea freight index rose on Monday as higher rates for larger capesizes overshadowed a fall in the panamax and supramax segments. The overall index, which factors in rates for capesize, panamax and supramax shipping

On July 14, Antong holdings released the announcementon theexpected growth ofof its semi-annual performance in 2022, and its net profit rose sharply. The announcement shows that the company expects to achieve a net profit attributable to th

USA-based ship tank coating manufacturer Advanced Polymer Coatings (APC) is increasing production after striking a new deal with British marine services providerJames Fisher and Sons plc. The deal will see Ohio-headquartered APC supply its

Supply-demand relationship remained weak, and the composite index continued to decline Ningbo Containerized Freight Index: In the week ending Jul-15, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes

Gibson Tanker Market Report Taking Stock Back in March we looked at commercial stock developments for both crude and products in the key trading hubs. Whilst the invasion had just begun and therefore not yet had any impact on inventory leve

CNOOC issued an announcement on the pre-increase of interim results in 2022. The net profit attributable to shareholders of the parent company of CNOOC in the mid-2022 is expected to be RMB 70.5 billion to RMB 72.5 billion, an increase of R

Spot rate developments show fluctuating fortunes for ocean and air freight out of Far East While spot rates are sailing in the right direction for ocean freight from the Far East to the South America East coast, short-term air freight rates

On July 13, JOSCO ALMA left the 801 berth of Nanjing Port Longtan Container, marking the official opening of Nanjing-Taicang-Haiphong-Ho Chi Minh Southeast Asia container trade route. At the ceremony, Jiangsu Ocean Shipping and Nanjing Port

Strict South African laws prevent disembarkation of stowaways in South African ports. Many stowaways in South African ports originate in Tanzania and are repeat offenders. Their objective for stowing away repeatedly appears to be the travel

EMSAs remotely piloted aircraft is in operation in the vicinity of the Strait of Gibraltar providing the Spanish Ministry of Transport, Mobility and Urban Agenda with the capacity to monitor sulphur and nitrogen emissions of passing ships.