CSSC Shipping announced that for the three months ended March 31, 2022, the companys revenue was HK$768 million, a year-on-year increase of 62%; the net profit during the period was HK$470 million, a year-on-year increase of 69%. The increa

A strong minor bulk freight market in the first quarter of 2022 saw Hong Kongs Pacific Basin Shippinggenerate average Handysize and Supramax daily time-charter equivalent earnings of US$23,810 and US$32,510 net per day in the first quarter,

The Baltic Exchanges dry bulk sea freight index rose for a third straight session on Thursday and was set for a weekly gain, thanks to a jump in rates across vessel segments. The overall index, which factors in rates for capesize, panamax a

Design Re-uses LNG Carrier Tanks to Simplify FLNG Construction An innovative concept for a floating LNG (FLNG) vessel utilizing storage tanks from older LNG carriers has been granted approval in principle (AIP) by ABS. The design, jointly d

Approval in Principle for Chinas first ammonia-powered Newcastlemax bulk carrier, to be built by DSIC. LR, a leading global provider of classification, compliance and advisory services to the marine and offshore industries, has awarded Appr

Hong Kong headquartered Fleet Management has taken delivery of the 33,000 dwtMT Gold Trader-currently the worlds largest dual-fuel parcel chemical tanker on behalf of its clients, Nishin Shipping. The latest addition to the fleet reflects t

The Maritime and Port Authority of Singapore (MPA) was notified on 14 March 2022 that a number of ships had been supplied with High Sulphur Fuel Oil (HSFO) containing high concentration levels of Chlorinated Organic Compounds (COC) (1,2-Dic

President Xi Jinping has called for accelerating the development of Hainan into a free trade port with Chinese characteristics and global influence. Xi, also general secretary of the Communist Party of China Central Committee and chairman o

Together with the Federal Maritime and Hydrographic Agency, the European Maritime Safety Agency (EMSA) is conducting a large-scale emissions monitoring campaign using remotely piloted aircraft, scheduled to begin later this month. Over a th

A significant number of marine industry-focused tech startups from around the world will showcase their solutions and platforms during Posidonia Exhibition 2022 to be held at Athens Metropolitan Expo Centre from 6-10 June. Online marketplac

EPE Yachting - a new division of Environmental Protection Engineering (EPE) - has agreed a strategic partnership with French water treatment specialist Octo Marine. EPE Yachting provides a full range of cutting-edge sustainable solutions de

This article contains crucial information regarding anchoring in Ningbo-Zhoushan VTS zone NO.1 and its nearby areas, providing clarification and guidance for international seafarers. 01 VTS ZONE NO.1 The water area formed by the East of the

Local authorities are prohibited from recklessly restricting travel of freight vehicles and truck drivers due to COVID-19 curbs, according to a notice released by the State Councils Joint Prevention and Control Mechanism on Monday aimed at

On March 17, 2022, the Shanghai Maritime Court (following approval from the Supreme Peoples Court) issued a ruling confirming that English High Court judgments can be recognised and enforced in the Peoples Republic of China. This is the fir

Thordon Bearings has signed a multi-vessel supply agreement for a range of water-lubricated and grease-free bearings for installation to several fleet boats under construction at the FMT Shipyard Repair facility in Louisiana, U.S.A. for wor