Building a Resilient Global Supply Chain: COSCO Shipping and JD Join Forces On November 21, 2024, two industry giantsCOSCO Shipping and JD signed a strategic cooperation agreement in Shanghai. This landmark partnership marks a significant s

Just ten months into 2024, shipyards deliveries of container ships have reached a new annual record. A total of 410 ships with a capacity of 2.5m TEU have been delivered, surpassing the previous full year high of 2.3m TEU in 2023, says Niel

After a remarkable 20-month consecutive rise, the China Newbuilding Price Index (CNPI) has registered its first decline in October 2024, edging down by just one point to 1,130. While the drop may seem minor, it could mark a potential turnin

Since September 2024, five merchant ships have been hit by Russian missiles while in Ukrainian ports or waters. These were the first attacks on merchant ships since November 2023 and they could threaten 1% of the worlds dry bulk exports if

In recent months, Chinese shipping companies have dominated the secondhand Capesize bulk carrier market, purchasing older vessels at a fast pace to expand their fleets. This aggressive buying spree has caught the attention of the maritime i

Ocean Network Express (ONE), HMM (HMM) and Yang Ming Marine Transportation (Yang Ming) are pleased to announce that the three companies will continue to cooperate closely under the new alliance name Premier Alliance, effective for five year

Between January and August 2024, coal shipments to India rose 10% y/y, outpacing an 8% y/y increase in domestic coal mining. Thermal coal shipments were a key driver, supported by strong electricity demand and coal import mandates. During t

Cash-rich dry bulk shipowners returning from their summer vacations have enjoyed markets characterised by remarkable stability, with spot rates trading in atypically narrow ranges. Fleet dynamics have seen exceptionally low levels of vessel

When only six ships with a capacity of 4,746 TEU were contracted in the fourth quarter of 2023, many might have thought that the container ship contracting spree that began in 2021 had finally cooled. However, the appetite for new ships rem

During the first seven months of this year, 194 product tankers larger than 10k deadweight tonnes (DWT) have been contracted with a combined capacity of 13.3m DWT. This is a 17% increase compared to last year and the highest level of contrac

BW LPG Limited (BW LPG, OSE ticker code: BWLPG.OL, NYSE ticker code BWLP), has entered into agreements to acquire 12 modern Very Large Gas Carriers (VLGCs) from Avance Gas Holdings Ltd. (Avance Gas, OSE ticker code: AGAS) for a total consid

In 2024, grain exports from the US are expected to rise 12% from 2023, driven by a rebound in maize shipments. During the first seven months of 2024, shipments have risen 6% y/y and are expected to further ramp up after the upcoming maize an

Diana Shipping Inc. (NYSE: DSX), (the Company), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a tim

A major explosion has occurred on a container ship while berthed at the port of Ningbo-Zhoushan in China in another incident that raises serious safety concerns. The incident took place today, Friday, with video footage showing a massive ex

We are excited to announce that High Ton has made a significant move to enhance its market competitiveness and fleet capacity by officially entering the Kamsarmax sector. The company, through its wholly-owned subsidiaries, has successfully