The overall transportation demand was stable, and the freight rates of some routes fell Ningbo Containerized Freight Index: In the week ending Aug-6, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes

A direct maritime shipping route has been launched linking Chinas Jinzhou port with Vostochny in Russia. On Monday, a ship loaded with containers departed from the port of Jinzhou in Northeast Chinas Liaoning province. It is scheduled to ar

47 individuals and 7 companies in the maritime sector were found to have breached safe management regulations involving pleasure craft, harbourcraft and ocean-going vessels, over the eight-month period from November 2020 to June 2021. 52 of

Chinas talk about steel production cuts is spooking the ferrous complex as iron ore prices have lost 25% over the past few weeks. The plan is for 2021 steel production to not exceed 2020 levels.This implies 2H21 output will be 11% lower tha

On August 6, Evergreen Marine announced its results for the first half of 2021. During the reporting period, the operating income was NT $189.92 billion, or about US $6.83 billion, compared with NT $87.35 billion, or about US $2.97 billion,

COSCO SHIPPING Heavy Industry (Guangdong) completed the maintenance project of GLOBAL SCORPIO and started sailing smoothly. GLOBAL SCORPIO is a VLGC belongs to a Hong Kong shipowner company. It is the sixth VLGC that CHI (Guangdong) has com

ZhongGu Logistics disclosed its semi-annual report in the afternoon of August 9. In the first half of 2021, the company realized an operating revenue of 5.604 billion yuan, an increase of 26.23% over the same period of the previous year, in

Ruscon, the parent company of the Dutch SmartContainer, introduces an innovative support-material for transporting steel plates. A durable replacement for the wooden separators that are being used for centuries. The parts, a polymer composi

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has been working in cooperation with Kawasaki Kisen Kaisha, Ltd. (K Line) and Nippon Kaiji Kyokai (ClassNK), to conduct test operations and measurements f

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has concluded a technical cooperation agreement with Namura Shipbuilding Co., Ltd. relating to LPG(liquefied petroleum gas) powered very large gas carrier

The installation of the worlds largest offshore converter station is being hailed by China Classification Society (CCS) as a significant milestone in the development of deep-water wind power. CCS provided authentication and survey services

Evergreen Marine said that in response to operating needs, the subsidiary will purchase 8 container ships from related parties, including 1 7000TEU and 7 1600TEU container ships, with a total amount of US$94.11 million. Evergreens two subsi

German shipowner Briese Schiffahrts confirmed the execution of an alternative order for adding two 1800 TEU container ships at Huanghai Shipbuilding. The two new ships were ordered on July 16 and are scheduled to be delivered in 2023. In ad

The net profit exceeded 1.6 billion yuan and the average monthly profit was nearly 300 million yuan. The newly signed 112 ships were US$6.67 billion (approximately 43.2 billion yuan). In the first half of this year, Yangzijiang Shipbuilding

Chinas crude oil imports rebounded in July from a six-month low as state-backed refiners ramped up output after returning from maintenance, though independent refineries slowed restocking amid probes by Beijing into trading and taxes. China