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)

Singapore-based consultancy says price remains key factor for scrapping decisions but sees turn of toxic tide amid growing market pressure Many shipowners remain focused on maximising profit by gaining the highest offer price when scrapping

A bit of preparation means a quicker turnaround of a claim a welcome result for both insureds and Gard claims handlers. This article focuses on claims related to crew and does not discuss cover related to passengers or others who may be abo

Shipowners, seafarers unions and maritime employer groups are establishing their own approved international network of quarantine facilities to ensure seafarers can safely join ships, despite unpredictable changes to government border polic

Title: How Norsepowers Rotor Sails assist you meet IMO GHG strategy Time: 2021-12-17 15:0016:00 Location: WMMF Live Streaming Bar（ https://wmmhk.com/zh-CN/eventShows/435276703032524800 ） Introduction: Norsepower was founded in late 2012

Nor-Shipping 2022 will now take place from 4-7 April. After the difficult decision to cancel its scheduled January exhibition and event programme, Your Arena for Ocean Solutions will now gather the global maritime and ocean industries in Os

The Poseidon Principles for Marine Insurance establish a pioneering framework to engage with the shipping industry and support net-zero insurance. 15 December 2021 Six of the worlds leading marine insurers launch a groundbreaking initiative

On December 13, Lingang Special Area Management Committee and Bank of Communications Financial Leasing signed a strategic cooperation agreement. According to the agreement, Bocomm Leasing will provide COSCO Shipping and Lingang Transportati

Singapore is experiencing the onset of the Northeast Monsoon season which is expected to last till March 2022. This will bring about moderate to heavy thundery showers, with strong winds and choppy seas that can increase risks at sea. Hence

A new luxury passenger ship built by Guangzhou Shipyard International Co for Denmarks Det Forenede Dampskibs-Selskab will leave Guangzhou for Europe within the week. The vessel, which was delivered on Thursday is expected to operate between

The demand Increased at the end of the year, freight rates on most routes increased Ningbo Containerized Freight Index: In the week ending Dec-10, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 40

ABS has awarded Wison Offshore Marine (WOM) Approval in Principle (AIP) for its w.semi platform supporting floating wind turbines. Designed for use in the South China Sea to support the emerging Chinese offshore wind industry, as well as Eu

Container ships, tankers, cruisers the majority of seagoing vessels with an engine power of at least 20,000kW is equipped with a 3-stage air-cooled starting-air compressor nowadays. The powerful technology reduces heat and allows for enormo

Shippers and carriers met yesterday to talk about the causes and effects of recent supply chain disruption coinciding with the COVID 19 pandemic. The meeting brought together a broad representation of members from the European Shippers Coun