Using Signal Ocean data , we analyse the trends and changes across the major vessel sizes in the dry and tanker freight market for 2021. This report provides data on demand, supply and how the latest developments determined the performance

The Korean Register (KR)awarded approval in principal (AIP) to two green ammonia-fueled ships at KRs Seoul branch office on 15th December 2021.One of the ships is a 60,000m3 ammonia-fueled ammonia carrier and the other is a 38,000m3 ammonia

Evergreen Marine Corp. reportedly doled out year-end bonuses of as much as 40 months wages to some of its employees on Thursday. According to local media reports, some Evergreen Marine employees were rumored to have each received some NT$2

On December 29, Chinas first worlds largest 24,000TEU container ship was successfully undocked, marking another major breakthrough in the field of ultra-large container ship construction. This type of ship is independently designed by Hudon

The potential of emerging battery technologies to contribute to the decarbonization of shipping is explored in the latest sustainability technology guidance from ABS. Emerging Battery Technologies in the Maritime Industry covers the differe

The current global trade crisis has highlighted weaknesses within the supply chain and forced the industry to assess, evolve and often transform their operations to meet the needs of todays marketplace. Many changes are here to stay and sho

The Maritime and Port Authority of Singapore (MPA) will extend support measures under the MaritimeSG Together Package for another six months, from 1 January to 30 June 2022. First introduced in May 2020, this latest extension of the Maritim

Rates for shipping containers from east Asia and China to the Americas remain elevated, although largely stable, but some market participants are seeing increases as they schedule January shipments. The main drivers of the elevated rates co

A court in Mauritius sentenced both the captain and first officer of the Japanese bulkerWakashioto 20 months in prison after they pleaded guilty on the charges of endangering safe navigation. While the magistrate hearing the case refused to

China State Shipbuilding Corp relocated its headquarters from Beijing to Shanghai on Friday, marking a new chapter in the companys history. The worlds largest shipbuilder is seeking to better serve the nations major strategies, official sou

The demand Increased at the end of the year, and the freight rates of most routes have increased Ningbo Containerized Freight Index: In the week ending Dec-24, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NB

14 types, 71 ships, 15.8 billion! Huangpu Wenchong completed its annual business target of 316% !Huangpu Wenchong, a subsidiary of China State Shipbuilding Corporation, has reached a new high in its annual business operation! At the signing

Cargo and container throughput at Chinas ports registered stable growth in the first 11 months of the year, data from the Ministry of Transport showed. From January to November, cargo throughput at Chinas ports totaled 14.21 billion tonnes,

The Asian low sulfur fuel oil market will enter 2022 on a firm footing that was likely to continue for much of the year due to the emergence of China as a major ship refueling destination. The optimistic outlook comes despite concerns surro

It is the time of the year when analysts and others take their crystal balls out of the closet for the annual dusting off. A new year with unwritten pages beckons, with yet unknown challenges and opportunities. The year soon to be consigned