The 2023 edition of The Future of Maritime Safety Report from Inmarsat Maritime, a Viasat business, reveals that the number of distress calls from ships at sea remains high, despite a continuing decline in vessel losses. The new report, whi

In recent weeks there has been a slight correction in values based on the latest benchmark sales. However, year on year values for this sector are up across all age categories, for example 15YO vessels of 110,000 DWT are up by c.20.95% from

At the Global Sustainable Transportation Summit Forum and the 15th International Transportation Technology and Equipment Exhibition, China Marine Bunker ( PetroChina) Co.Ltd. (abbreviated as CHIMBUSCO), a core shipping service enterprise un

SITC Cagayan / Source: VesselFinder SITC International Holdings, the holding company of Hong Kong-based intra-Asia carrier SITC Container Lines, said on 21 September that it will spend over US$100 million to buy five existing ships and two

Use of worn mooring lines, overtightening of the brakes, or sudden movements of the ship are some of the main reasons for ropes straining beyond their breaking limits and parting. Parting of tensioned mooring lines has been associated with

Leading classification society, the Indian Register of Shipping (IRS), participated in London International Shipping Week 2023 , demonstrating its commitment to sustainability in the maritime industry. At this global maritime arena, IRS hos

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On the afternoon of September 22, the North Bund International Shipping Forum 2023 was opened in Shanghai. This event was hosted by the Shanghai Municipal Peoples Government and the Ministry of Transport, and organized by COSCO SHIPPING and

Friday 22 September 2023. Shanghai/London: Today, the International Chamber of Shipping (ICS), the global trade association for shipowners, which represents over 80% of the world merchant fleet, has announced the inauguration of a new ICS R

Western Pull or Eastern Push? This year has seen a major increase in the Middle East clean product exports to Europe, with flows, mainly gasoil and jet, averaging at 0.82mbd for the year to date, up by 43% compared to the same period last y

For the 10th year in a row, Singapore ranks first in the Xinhua-Baltic International Shipping Centre Development Index (ISCDI) Report. Published jointly by Chinese state news agency, Xinhua, and global maritime data provider, Baltic Exchang

On September 21, COSCOSHIPPING Energy Transportation announced that it planned to spend approximately US$118 million to participate in the investmentof three LNG shipsin ENN LNG transportation projectbuilt byMOL in Hudong-Zhonghua. COSCOSHI

Procureship, the Athens-based provider of one of the worlds leading e-procurement platforms for marine buyers and suppliers, has made the strategic decision to open a new office in Singapore in a bid to expand operations to more ship owners

Chinas first-ever Containerized Freight Index (Europe Service) Futures have been operating steadily since the listing one month ago, according to the latest data from the Shanghai Futures Exchange. The country listed its first-ever Containe

Cosco container ship at the port of Piraeus in Greece Chinese companies hold investments in some 31 container seaport terminals in Europe and the Mediterranean as of end-August, reflecting the increased activity by Chinas state players in E