On November 2, at the tanker shipping and trade dinner held in Athens, Greece, the selection results of the annual world-renowned tanker industry award Tanker of the Year 2021 were announced. The tanker Prospero built by Chinas Wuhu Shipyar

As matter of principle, the Asian Shipowners Association (ASA) strongly opposes any proposal for the unilateral or regional regulation of international shipping that may undermine the authority of International Maritime Organisation (IMO),

Viasat Inc. , a global communications company, and Inmarsat , a leading provider of global mobile satellite communications services,today announced they have entered into a definitive agreement under which Viasat will acquireInmarsat in a t

The Baltic Exchanges dry bulk sea freight index was little changed on Monday as an uptick in the larger capsize segment countered a dip in the panamax and supramax vessels. The overall index, which factors in rates for capesize, panamax and

On October 26, COSCO SHIPPING CEN-EXPRESS Service started its maiden voyage in Qingdao Port, Shandong Province. Since 2020, the international container shipping business has been confronting a growingly intense situation, as customers are g

Nor-Shipping organisers have revealed that industry excitement is growing ahead of the January 2022 event, and, especially, the opportunity to socialise as a single, international business community again. In particular, the After Work at A

The 3rdShanghai International LNGShipping Forum was heldon November 6. The forum focused on LNG shipping and green finance, trade, technology and other topics. Liu Peng, deputy director of the water transport bureau of the Ministry of Trans

Introduction Vessel and port congestion levels in 2021 so far have been unprecedented, significantly impacting capacity in the Container and Bulker sectors and disrupting global supply chains. Global shipping congestion in 2021 has been pro

The relationship between supply and demand had eased, and the freight rates of most routes has fallen Ningbo Containerized Freight Index: In the week ending Oct-22, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchang

On November 4, the North Bund International Shipping Forum 2021, hosted by Shanghai Municipal Peoples Government and Ministry of Transport, and organized by Shanghai Municipal Transportation Commission, Shanghai Hongkou District, China COSC

Data from the General Administration of Customs released on Sunday showed Chinas total imports and exports expanded 22.2 percent year-on-year to 31.67 trillion yuan in the first 10 months of 2021. Compared with the same period in 2019, the

Recent events globally have put considerable pressure on the intermodal transport network for ISO containers.Slotsoncontainershipshaveattimesbecomescarceand increasinglyexpensive.Asaresult,bulkcarrier-operating Members have been approached

Peaking Duck For the past two decades, the tanker market has benefitedfrom strong, near continuous growth in Chinese crude oil imports. Consistent refining capacity expansions and flat crude production have left Chinese oil companies with l

On November 4, the opening ceremony of the 4th China International Import Expo was grandly held in Shanghai. On November 5, 7 companies under China State Shipbuilding Corporation signed 31 project contracts with 26 partners. The total contr

The ammonia fuel-powered VLCC jointly designed and developed by MARIC, COSCO Shipping Heavy Industry and COSCO Shipping Energy Transportation has been awarded AIP by China Classification Society and American Bureau of Shipping. In April 201