XenetasLong-Term XSI Public Indices today revealed yet another monthly hike in long-term ocean freight rates, with global container prices climbing by 3.2%. The development follows a 2.2% increase in August and an unprecedented 28.1% jump i

Nine members of a criminal syndicate have been convicted in 2020 and 2021 for offences under the Computer Misuse Act, for using industrial strength magnets to tamper with the Mass Flow Meter (MFM) equipment on board bunker tankers Southernp

On September 28, 2021, China Crews Remuneration index released by Shanghai Shipping Exchange closed at 1338.24 points, up 44.00 points from the previous period. The senior seafarers remuneration index closed at 1269.60 points, an increase o

Chinas remarkable economic growth over the past four decades has lifted hundreds of millions of people out of poverty, turning the country into a leader in many industries but also the worlds largest carbon emitter, accounting for one-third

The ABS-classed Liza Unity FPSO has been awarded the SUSTAIN-1 notation by leading Classification Society ABS the first FPSO in the world to receive it. The SUSTAIN-1 notation demonstrates the vessels alignment with key elements of the Envi

As the potential of ammonia to contribute to shippings decarbonization objectives is increasingly recognized, ABS has moved to support its adoption with publication of industry-leading guidance for the design and construction of ammonia-fue

Capital Gas Ship Management Corp. took successful delivery today of the newbuilding LNG Carrier Asklipios, built by Hyundai Heavy Industries, S.Korea. With cargo capacity of 174,000 m3, the vessel is highly efficient, propelled with XDF eng

Dalian Shipbuilding Industry and China Shipbuilding Trading successfully undertook the project of three 85,000DWT bulk carriers from Norwegian shipowner Seatankers Group. This type of ship has shallow draft, large tank capacity and load cap

Performance data from VESPER platform combined with weather forecasting to optimise voyage planning and minimise cost Weathernews Inc (WNI) has joined forces with Vessel Performance Solutions (VPS) to integrate critical performance data fro

The world is awash in stories and headlines about the pandemic, inflation and central banks poised to raise interest rates, yet the global oil balance is tightening and upward pressure on oil prices is intensifying. In analyzing the worlds

Add Costco Wholesale Corp. to the list of desperate retailers renting entire vessels to bypass clogged ocean shipping networks and avoid stockouts of popular items as the Christmas shopping season quickly approaches. The Issaquah, Washingto

From January to August 2021, the cargo volume of China ports was 10260.3million tons, a year-on-year increase of 10.4%; the container throughput of China ports was186.7million TEU, a year-on-year increase of 11.1%. The chart below shows the

The Baltic Exchanges main dry bulk sea freight index extended its rally on Tuesday, rising about 5% to its highest in 13 years, steered by strong gains in capesize rates, and helped by demand for smaller vessels. The overall index, which fa

Supporting offshore wind power business with AI-based high-resolution prediction model predicting winds and waves using 1~2 km mesh to provide meteorological support for feasibilitystudies, construction and operation. Weathernews Inc. launc

At 16:30 on September 27, Panama-flagged Ro-Ro ship SANG SHIN leaked carbon dioxide at the terminal of a shipyard in Changtu, Daishan. The incident caused 3 deaths and 2 people are still under treatment. According to the report of Daishan E