In broad terms, the changes agreed by BIMCO, ICS, INTERCARGO, INTERTANKO, and OCIMF, representing the global shipping and oil industries, will reduce the HRA boundaries to the Yemeni and Somali Territorial Seas and Exclusive Economic Zones

On the morning of August 16, New Times Shipbuilding held a christening and delivery signing ceremony for the 24# 50,000DWT chemical tanker SOLAR RUBA built for Shandong Shipping Corporation. 24#50,000DWT chemical tanker is the fifth of the

Disruption to the shipping industry caused by port delays and higher container costs could continue into next year, impacting global trade and economic growth, and pushing up consumer prices, according to industry leaders. A partial closure

Transportation demand remained high, and North American routes continued to rise Ningbo Containerized Freight Index: In the week ending Aug-13, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 3817.

The Baltic Exchanges main sea freight index, which tracks rates for ships carrying dry bulk commodities, jumped to its highest in over a decade on Monday, powered by rising demand across vessel segments. The overall index, which factors in

Chinas shipbuilding sector will enter a high-growth period this year, driven by soaring demand of global maritime trade and many shipping groups moves to adopt smart and green vessels, industry officials said on Monday. Chinese shipyards co

SITC International Holdings announced its 2021 interim results, achieving revenue of approximately US$1.334 billion, a year-on-year increase of approximately 79.6%; Gross profit increased by approximately 251.5% to US$557 million, and profi

Bunkers Up, WS100 Will Follow The past couple of years have been very turbulent in many international markets due to the global pandemic. We have seen very wide swings in prices of different raw materials, including crude oil. Brent futures

ODeX Pay Later Solutions powered by DBS aims to empower over 8,500 SMEs in the shipping industry Industry-first platform-based postpaid lending program; offering an unsecured credit line up to INR 50 lakh Enables ODeX customers to streamlin

Leaked oil confirmed floating in area about 24 km in length by 800 meters in width, reaching Misawa coastline A cargo ship that ran aground at a port in northeastern Japan before being refloated and anchored off the coast was found Thursday

Enforcement, compliance and monitoring of the IMO 2020 Sulphur limit fall under Regulations to Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL). It states that nations that have ratified MARPOL an

Freight rates and ship values have also risen but although they exceed prices seen during most of the 2010s, they are still far below super cycle levels. Commodity prices have staged a comeback and are hovering around or above 2007 and 2008

In July 2021,five incidents of armed robbery against shipswere reported in Asia. No piracy incident was reported. Please refer to the ReCAAP ISC July Report and the presentation slides attached, which are also accessible on the ReCAAP ISC w

On August 10, the christening and delivery ceremony of the third 325,000DWT VLOC HAIZHU FLOURISH of COSCO SHIPPING Bulk was held at Tianjin Xingang Shipbuilding Heavy Industry. HAIZHU FLOURISH is the third of the four new generation ore car

Since the beginning of this year, the dry bulk shipping market has ushered in a strong recovery. The BDI index hit a ten-year high. The market is getting better, and shipowners willingness to invest in bulk ships has increased significantly