The transportation demand was lower than expected, and the freight rate of European and American routes fell Ningbo Containerized Freight Index: In the week ending Jun-24, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping

Reality Check? In response to Western sanctions, President Putin announced a move to pursue deeper economic and political ties within the BRICS group of economies, of which it is a member. BRICS comprises Brazil, Russia, India, China, and S

The Global Maritime Forums Annual Summit 2022 will convene senior leaders in New York City in late September.Participants will work collectively to identify how to take action on recent turbulent changes in global trade patterns, decarboniz

Recently, HNA Technology announced that it plans to purchase 6 bulkcarriers fromVanhui Resources(HK), Van Auspicious LTD, Van Duffy Limited, Van General Limited andVan Continent Limited for US$106 million. After the completion of this trans

At MEPC 78 (the IMOs Marine Environment Protection Committees 78th meeting), the IMO approved a proposal to designate the Mediterranean Sea as a Particularly Sensitive Sea Area (PSSA) - in other words an area that needs special protection.

One of Wah Kwongs first cooperation projects with Chinese shipyards, Torm Lily, is delivered in 1996 and built by Dalian Shipyard. Maritime company forges business ties with Chinese mainland to advance growth Hong Kong-based shipping compan

The London PI Club has bolstered its leadership team in Hong Kong, promoted several members of its underwriting team and expanded its claims team. The London PI Club has achieved year-on-year growth in both its membership in the region and

The Harbor Lab teamCredit: Harbor Lab Greek disbursements software company Harbor Lab, augmented its position as an employee-centred business last month, when it received the Best Workplaces Hellas 2022 certification. The Athens-based start

From the air base of Sarzana, the Italian Coast Guard has been deploying EMSAs remotely piloted aircraft to gain increased maritime awareness over the Gulf of Genoa since 16 June. The flights are being used to enhance general maritime safet

Since the launch of the IST (Pegasus Intelligent Science Technology (QINGDAO) Co., Ltd.) partner recruitment program started, more than 30,000 people have paid attention to this. And there are thousands of people have come to inquire and th

Its been another bumper month for long-term contracted ocean freight rates, as the cost of securing container shipments climbed by 10.1% in June. Following on the heels of a record 30.1% hike in May, this now means rates stand 169.8% higher

Core breakthrough components in Yaskawa Environmental Energy / The Switchs DC-Hub offering are our Electronic DC Breaker (EDCB) and Electronic Bus Link (EBL). Both devices serve to guarantee selectivity and safety through ultra-rapid fault

Nor-Shipping 2023, taking place 6-9 June, looks set to build on the success of this years outing, with strong early sales and commitments from numerous national pavilions to return to the exhibiting fold. A total of 14 countries have so far

On June 29, CMIheld a naming and delivery ceremony in Nanjing for the supramax multi-purpose vessel PACIFIC TITANbuilt for CMES. PACIFIC TITAN series of 62,000 DWT supramaxmulti-purpose vesselis designed by SDARI, classed CCS, with a length

Synchronous and parametric rolling can appear suddenly and cause dangerous vessel movements and, in worst-case scenarios, loss of containers. With StormGeos Excessive Rolling Alerts and DNVs Anti-Roll Assist app, captains can identify and a