Strong rates across dry bulk vessel segments drove the Baltic Exchanges main sea freight index to their highest since 2009 on Thursday. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose 91

Recovering demand for US oil products has caused a 25.9% rise in US seaborne imports of oil products in the first seven months of 2021 compared to 2020, with imports so far this year totalling 26.1m tonnes. The highest increase has been rec

Synergy Marine Pte. Ltd., a subsidiary of Synergy Group, has signed an agreement to take over Maersk Tankers technical management business. This will strengthen Synergy Groups position within technical management, and Maersk Tankers will be

Classification society DNV and the Liberian International Ship Corporate Registry (LISCR) have awarded an Approval in Principle (AiP) to Hyundai Heavy Industries (HHI) and Korea Shipbuilding Offshore Engineering CO. (KSOE) for a new 40,000

On September 18, General Administration of Customs released the latest monthly statistics on Chinas imports and exports in August. Statistics show that in August this year, China exported 371 ships, a year-on-year increase of 14.9%, with a

Nor-Shipping 2022, Your Arena For Ocean Solutions, is making a final call for entries for the coveted Next Generation Ship Award. The prize, recognised industry wide for shining a spotlight on maritime innovation, is open to any newbuild se

The Norwegian export credit agency, Export Finance Norway (Eksfin) , is opening up new territory for state-backed financing with a cutting-edge solution that enables international customers to purchase ongoing services from a Norwegian expo

Canadian Pacific Railway Limited and Kansas City Southern today announced they have entered into a merger agreement, under which CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately

TheInstitute of Marine Engineering, Science and Technology (IMarEST)hasapprovedan accreditation fortwo degree programmesofferedbyDalian MaritimeUniversity (DMU), China, highlighting the Institutes commitment to championing the best provider

To further improve efficiency of its fleet, MSC will be deploying an air lubrication solution, the Silverstream System, on a substantial portion of its newbuild pipeline. The technology behind this air lubrication system allows the company

On September 22, one year after Chinese governments announcement of Carbon Emission Peak Carbon Neutrality, COSCO SHIPPING, together with Sinopec and China Eastern Airlines jointly held the certification ceremony of Chinas first voyage of f

The Baltic Exchanges main dry bulk sea freight index rose for a fourth straight session on Wednesday to a 12-year high, buoyed by higher rates across vessel segments. The overall index, which factors in rates for capesize, panamax, supramax

Ten people died and five are missing after a boat capsized in the Zangke River in Liupanshui, Guizhou province, on Saturday afternoon. Most of the boat passengers were schoolchildren. The authorities are still carrying out rescue operations

Since the beginning of this year, the international vehicle carrier market has recovered. China Merchants Jinling Shipyard (Nanjing) has received frequent good news by relying on the brand and reputation of ro-ro projects over the years. Ji

Japanese class society formally endorses Weathernews Inc (WNI)s innovative Carbon Intensity Monitoring (CIM) service to monitor and visualize CO2 emissions from ships. CIM was launched in April this year and is now fully operational. Regula