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

2023 bears witness as the maritime industry attempts to return to normalcy and hasten towards achieving its Sustainable Development Goals (SDG). The theme for this years World Maritime Day is MARPOL at 50 Our commitment goes on. It reflects

Hong Kongs Secretary for Transport and Logistics, Lam Sai-hung, continued his visit to Beijing yesterday (September 26) to attend the Global Sustainable Transport Forum (2023), where he shared with other participants Hong Kongs development

As the global shipping industry today celebrates World Maritime Day with its central theme of MARPOL at 50, the International Association of Dry Cargo Shipowners (INTERCARGO) has stressed its commitment to the full implementation of MARPOL

OnSeptember 18, SUMECMarine and AVIC InternationalLeasingsigned a new construction contract for four CROWN63PLUSbulk carriers. The CRWON633.0 shiptype has been re-optimized through cooperation with international professional companies. The