Long-term ocean freight rates slid once again in August, marking the 12thconsecutive month of declines for beleaguered carriers. According to the latest real-time data from the Xeneta Shipping Index (XSI), contracted rates fell 7.8% in Augu

Global rice exports could fall by at least 4% in 2023 because of Indias restrictions on exports and El Nios impact on supply. Replacing Indias rice exports is challenging, as India accounts for almost 40% of the worlds export of rice. Low r

31 August 2023 at 10 AM EEST.Technology group Wrtsil will supply the LNG Fuel Gas Supply (FGSS) systems for four new 23k TEU container vessels being built for France based operator CMA CGM at the Hudong Zhonghua Shipbuilding yard in China.T

OnAugust 30, China State Shipbuilding Corporation released its 2023 semi annual report, with a year-on-year increase of 182.46% in net profit for the first half of the year, reaching 553 million yuan. The report shows that in the first half

Hong Kong and Oslo-listed dry bulk specialist Jinhui Shipping and Transportation has recorded a second quarter loss of US$7m after revenue of US$23m for the period. The consolidated net loss for the quarter was mainly attributable to the lo

Introduction The outlook for shipping finance remains positive, with a great number of lenders from Banks to Funds and Leasing Houses engaging in ever-greater competition to deploy capital. In the Offshore markets, the changes are especiall

Reducing the methane slip is a vital challenge in taking LNG-fueled ships towards zero greenhouse gas emissions. Now the Finnish marine technology supplier Wrtsil and Swedish shipping company Furetank are co-developing and testing two techn

Investments from China have breathed new life into a Greek port that once hit development bottlenecks, making it a flagship project under the China-proposed Belt and Road Initiative. ATHENS, Aug. 29 (Xinhua) -- Since Chinas COSCO Shipping b

Tel Aviv-based maritime technology company Orca AI is set to continue its successful collaboration with NYK Group subsidiary MTI and partners, leveraging its industry-leading automated watchkeeper in the second development stage of the MEGU

An integrated solution that enables ship operators both to manage emissions liabilities and trade carbon allowances under the impending EU ETS regime for shipping has been launched by maritime data firm OceanScore. The industry faces a majo

Following the worlds first methanol-poweredPCTC order at the beginning of this year, CMES will order the worlds first methanol-powered VLCC. [Photo: CMES] On August 29, China Merchants EnergyShipping announced that the company would build a

HONG KONG, Aug 30, 2023 - (ACN Newswire) - China International Marine Containers (Group) Co., Ltd. announces the unaudited interim results for the six months ended 30 June, 2023 (the Reporting Period). The management of CIMC Group said, In

The Silk Alliance continues to grow with the addition of Yara Clean Ammonia ASA, the Methanol Institute, MPC Container Ships ASA and the NUS Centre for Maritime Studies. Following the signing of a Memorandum of Understanding (MoU) between t

August 29, 2023. ERMA FIRST, a leading sustainable maritime solutions provider, has received a letter of professional opinion from DNV categorising ERMA FIRST BLUE CONNECT as an energy-saving device and verifying its positive impact on Carb

The MARINE INTERIORS Cruise Ferry Global Expo showcases the latest trends in interior design, equipment and technology for passenger ships. From 6 to 8 September 2023, the industrys Whos Who meets in Hamburg for the event, which is co-locat