Container Values have fallen across all sub sectors and age categories based on weakened market sentiment which has had an impact on recent benchmark sales. Values for 20YO Post Panamax vessels of 7,000 TEU are down by 18.51 % from USD 29.2

The upstream, midstream and downstream operations of the LNG value chain are analyzed along with the latest trends and innovations in an industry-leading new publication from ABS. Examining the LNG Value Chain explores the intricate product

[Photo:Xinhua/Wei Yijun] HANGZHOU/BERLIN, Oct. 9 (Xinhua) -- In late September, the Cosco Shipping Virgo, a 20,000-TEU ultra-large container ship, once again returned to the Port of Hamburg, the largest port in Germany and the third largest

Capesize Throughout the week, the cape market has displayed remarkable resilience and positivity, defying challenges such as holidays in the Far East. The Pacific market saw strong activity at the beginning of the week, with increasing rate

Orient Overseas Container Lines (OOCLs) total revenues declined by 65% in the third quarter of the year to US$1.76 billion, while the carriers total liftings grew by 6.7% to 1.86 million TEUs. The companys loadable capacity climbed by 13.6%

DNV has published new guidelines for the safe installation of onboard carbon capture and storage (OCCS) system on board ships, amid growing pressure on the shipping industry to develop effective technologies to reduce emissions as part of t

09 October 2023, London:The International Chamber of Shipping (ICS),the global trade association for shipowners which represents over 80% of the world merchant fleet, today launches its Carbon Intensity Indicator (CII) Data Collection Syste

Maritime Trainer (MTR) is announcing a new deal with Germanys largest bulk operator Oldendorff Carriers to deliver an extensive online training package for seafarers. MTR CEO Capt Ozgur Alemdag said the digital training company will supply

The International Seafarers Federation chose World Maritime Day to highlight a dark side of the shipping industry when it announced the recovery of US$118,529,663 in wages owed to seafarers between 2020 and 2022. More than US$36m was paid b

Shipping capacity reduced significantly, and the composite index has stopped falling and stabilized Ningbo Containerized Freight Index: In the week ending Oct-6, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (

During the first nine months of 2023, coal shipments to the worlds second largest importer of seaborne coal, India, fell 9% y/y. A 12% y/y rise in domestic coal mining replaced imports and electricity production continued to rise despite lo

Aarhus, Denmark, 3rd October 2023:Unifeeder Group has signed a long-term time-charter agreement for two new methanol-capable container feeder vessels and has an option for additional two similar vessels. German-based ship owning group Elbde

[Photo: Xinhua] Container throughput of the New International Land-Sea Trade Corridor witnessed growth in the first three quarters of 2023, according to railway authorities in south Chinas Guangxi Zhuang Autonomous Region. During this perio

Members and Assureds who have vessels bound for Chinese ports or transiting through coastal waters of China should note the China MSAs new Guidelines for the Prevention of Collisions between Merchant Vessels and Fishing Vessels (the Guideli

Dollar Strength As the oil market contends with growing supply tightness until at least the end of 2023, macroeconomic headwinds are also at play. Central bank monetary policy is weighing on the oil demand outlook, with the US Federal Reser