Cosco Shipping Development Co. said it has raised 1.46 billion yuan ($229.0 million) in a private placement. The Chinese shipping company issued 530.4 million new shares at CNY2.76 apiece, it said Monday. Investors included the companys cur

A year ago Royal Wagenborg started out with a pilot with bottle filling stations installed on board of six vessels. At this point, almost forty vessels are equipped with a bottle filling station. Wagenborg Superintendent Izak van Rhijn expl

11 out of 23 ship finance portfolios are aligned with the IMOs decarbonization target. In 2020, only 20% of reporting Signatories were aligned with this goal. The second Poseidon Principles Annual Disclosure Report 2021 reflects the Signato

On December 17, China State Shipbuilding Corporation held a signing ceremony for marine projects. 8 shipbuilding projects and 8 ship equipment projects were signed together, and the cumulative amount reached 12 billion yuan. The shipbuildin

All-inclusive trans-Pacific container shipping rates to North America were buoyed in the week to Dec. 17 by a renewed push to restock retail inventories in the period between the calendar year-end and Asias Lunar New Year celebrations begin

TEST Biofouling Project will demonstrate technical solutions to stop invasive species and reduce GHG emissions from ships. A newly signed project is set to provide pilot projects in developing countries in order todemonstrate technical solu

Fitch Ratings has affirmed CSSC (Hong Kong) Shipping Company Limiteds (CSSC HK Shipping) Long-Term Issuer Default Rating (IDR) and the rating on the senior unsecured note issued by CSSC Capital 2015 Limited at A. The Outlook is Stable. CSSC

Wrtsil Voyage has entered into a strategic partnership with Microsoft. Wrtsil Voyage is a market leader in maritime end-to-end onboard solutions with decades of experience and expertise in high-end marine Internet of Things (IoT) offerings.

A Year to Forget Although freight levels in some shipping sectors reached breath-taking highs this year, 2021 is a year to forget for tankers, particularly in the crude segment. The majority of crude tonnage (non-eco, non scrubber) was forc

Swiss based marine engine technology developer WinGD continues to invest in its RD testing infrastructure with the opening of a new collaborative Global Test Centre in Shanghai, China. The new test centre which opened on the 16 December, is

Reference is made to our last circular (Huatai CircularPNI[2021]10 issued in Aug. 2021) on fishery farm claims at Lanshan, China. In order to keep our clients posted of the changes on the geographical extent of fishery farms in that sea are

RINA issued the AIP certificate of 50K dwt Methanol Fueled MR tanker to Shanghai Merchant Ship Design Research Institute (SDARI) on 14thDecember, 2021. The ceremony for delivery of AIPcertificate was held atSDARI. From SDARIside, Mr. WANG G

On December 16, the worlds latest generation of Chang Heng Series 174,000 m3 LNG carrier jointly developed by Hudong-Zhonghua and GTT, was awarded a GDA and PCA certificate issued by four internationally renowned classification societies AB

Tanker pool manager Signal Maritime has achieved a significant increase in its Aframax Time Charter Equivalent (TCE) earnings thanks to a decision to increase the share of the fleet which has been trading west of Suez up to 70%. Repositioni

Six daily Freightos Baltic Index (FBX) indices administered by the Baltic Exchange will be used for the settlement of CME Groups new shipping container freight futures. The new contracts will be priced in USD per FEU (forty-foot equivalent)