The Baltic Exchanges main sea freight index extended its winning streak to eight sessions on Thursday, supported by a surge in rates across vessel segments, especially capesizes, which hit their highest level in over 11-1/2 years. The overa

Many charge adjustments made by shipping companies are all related to the current global port congestion. Maersk adjusts terminal operating fees and raises the charging standards for reefer containers Maersk issued an announcement a few day

Lead times for low sulphur fuels have gone up in Fujairah on the week, with most suppliers being able to offer for the grade from 26 August onwards. HSFO380 is still tight in Fujairah as well, with lead times stretching to 8 days after a su

Capesize freight rates on the key iron ore route from Brazil into China hit a decade high on Aug. 18 on bullish fundamentals and the resurgence of activity in the Atlantic region. Strong demand for shipping iron ore out of Brazil, firm sent

A.P. Moller - Maersk has identified its partners to produce green fuel for its first vessel to operate on carbon neutral methanol: REintegrate, a subsidiary of the Danish renewable energy company European Energy. REintegrate and European En

Capital-Executive Ship Management Corp. (Capital-Executive) today announced the successful completion of the latest phase of the Smart-Bearing research project. The smart bearing sensor was last installed and tested on board the Capital-Exe

The official website of IMO officially released the unmanned ship trial report proposal (Report on MASS trials) completed by Guangdong Maritime Safety Administration. This is the first unmanned ship trial report proposal adopted by IMO in C

A Floating and Production Storage and Offloading Vessel (FPSO) ordered by China National Offshore Oil Company Energy and Technology Services Company (Cenertech)to serve the Lu Feng 12-3 Oilfield is to be built to ABS Class. The 100,000 DWT

In an industry first, ABS has awarded China Merchants Industry (CMI) Approval in Principle (AIP) for its self-developed Deep-Sea Mining Riser and Lift System. The AIP follows ABS awarding AIP for CMIs deep-sea mining system design, which wa

UECCs ambitious effort to upgrade its fleet with low-carbon vessels remains on track with the launch this week of the second in a series of three LNG battery hybrid newbuilds at a Chinese yard. The latest newbuild pure car and truck carrier

On August 18, China Shipbuilding Trading and Dalian Shipbuilding Industry delivered another 115,000DWT crude/product tanker MAERSK SIMONE to Maersk Tankers. The ship is the sixth ship of Maersks 115,000DWT crude/product tankers undertaken b

On August 18, General Administration of Customs released the latest statistics monthly report on Chinas imports and exports in July. Statistics show that in July this year, China exported 535 ships, an increase of 17.1% year-on-year, and th

The hull construction of the worlds largest purely electric-drive cruise ship has been completed in a shipbuilding industrial park in Yichang, Hubei province, in a step toward providing more options in the green growth of transportation on

Chinas steel shipments to Australia have dwindled by more than 50 percent in recent months, faster than the countrys overall steel export plunge, and the trend is set to further accelerate, as China takes more measures to cut output and res

As of 8:55 on August 15th, the container throughput of Ningbo Zhoushan Port this year reached 20 million TEUs, one month earlier than last years breakthrough of 20 million TEUs. Due to the recent temporary closure of Meishan port area due t