Shipbuilding Giant CSSC ( China State Shipbuilding Corporation ) will move its headquarters in Beijing to Shanghai. On August 24, the Shanghai Municipal Peoples Government and CSSC signed a cooperation agreement. According to the agreement,

Solid demand across dry bulk vessels segments propelled the Baltic Exchanges main sea freight index to its highest level in more than a decade on Tuesday, with larger capesizes stretching a winning streak to a 10th straight day. The overall

In the first quarter of 2024, A.P. Moller - Maersk will introduce the first in a groundbreaking series of 8 large ocean-going container vessels capable of being operated on carbon neutral methanol. The vessels will be built by Hyundai Heavy

A decline in shipments of west African crude to Chinahas pushed freight rates for very large crude carriers (VLCCs) on the route to record lows this summer. Rates averaged $10.28/t in June, $10.41/t in July and $10.04/t in August to date, t

When the coronavirus pandemic struck in early 2020, international shipping was dealt a harsh blow. The container shipping industry was left scrambling as businesses around the world were forced to close, causing major supply chain issues. T

Seafarers working for HMM are reportedly planning to stage a mass demonstration on August 25 in response to failed contract negotiations. According to reports in the Korean media, more than 400 seafarers are expected to submit their resigna

COVID-19 outbreaks at ports in China and Vietnamwill likelyreducecontaineravailabilityanddrive-uppricesat key shipping hubs in the coming weeks, according to the latest data analysis byContainerxChange,the worlds leading online platform for

Contributes to developing bill draft and Inland Vessel (IV) Rules International ship classification society, Indian Register of Shipping (IRClass) has played an integral role in the drafting of the Inland Vessels Bill which was recently pas

During January-August 2021, a total of eight incidents of armed robbery against ships occurred at Manila Anchorage areas in the Philippines. The location of all the eight incidents is atSouth Harbour Anchorage Area of Manila(location map on

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

Ship schedule adjustments were limited, and some routes had risen Ningbo Containerized Freight Index: In the week ending Aug-20, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 3898.3 points, sligh

The Maritime and Port Authority of Singapore (MPA) held its annual ferry rescue exercise (FEREX) today to test Singapores operational readiness and responsiveness in the event of a ferry mishap. Eight vessels, an RSAF AS332 Super Puma helic

Regulatory Nightmare Back in July, the European Union (EU) finally unveiled its much-anticipated plans to meet its climate ambitions, which for the first-time folded shipping into the Emissions Trading Scheme (ETS). The strategy also propos

UZMAR Shipyards in Turkey is one of the worlds top-notch tugboat builders with a very good reputation worldwide. The company has now chosen Steerprop to deliver six SP 20 WD azimuth propulsion units for a series of three Robert Allan Ltd. d

DNV, the worlds leading classification society, has awarded an Approval in Principle (AiP) to Samsung Heavy Industries (SHI) for a Fuel Ready (ammonia, D, S, Ti) class notation for their 300,000 dwt LNG fueled very large crude carrier (VLCC