Three yacht mariners rescued by the crew of CMA CGM T. ROOSEVELT in May 2020. A 25-hour search and rescue operation off the coast of Jamaica led by the CMA CGM vessel and its crew. CMA CGM emphasizes Safety First and solidarity at sea, supp

Container shipping is in uncharted territory. There has never been a crazy boom like this in its history. But as any shipping long-timer will tell you, there has indeed been a crazy boom like this in another sector: dry bulk circa 2007-2008

The public consultation on the 2021 Policy Address, the last one of the current administration, started in early July. Chief Executive Carrie Lam Cheng Yuet-ngor said in an earlier interview that she would outline Hong Kongs future blueprin

Chinas major ports reported slight growth in container throughput in mid-August, data from an industrial association showed. From Aug. 11 to 20, container throughput at Chinas eight key ports increased 2.7 percent year on year, according to

What a scrap The latest VLCCs that have been reported as scrapped have joined a small, but up to recently growing number of tankers heading to recycling yards. TheSea Coral(1996-built, 298 k dwt) and theJubilee Star(1996-built, 310 k dwt) h

Increased vaccination levels, easing international travel restrictions, and a desire to break free from screens, are combining to fuel expectations, and exhibition bookings, ahead of Nor-Shipping 2022. Your Arena for Ocean Solutions, taking

Installation of the worlds largest floating offshore wind farm, the ABS-Classed Kincardine Offshore Wind has been completed. The 48MW project,approximately 15km off the southeast coast of Aberdeenshire, at water depths ranging between 60m t

Container shipping demand remains strong heading into the fourth quarter. Ongoing COVID-19 flare-up however continues to present challenges across Asia Pacific, with Vietnam extending the lockdown in its manufacturing heartland around Ho Ch

The Baltic Exchanges main dry bulk sea freight index fell on Wednesday, halting a 11-session rally that saw it scale its highest level in over a decade, as the larger capesize vessel segment retreated. The overall index, which factors in ra

With just over four months of 2021 to go, global bunker fuel demand is on track to post a near 5% year-on-year rise as major bunkering hubs perform well, but still drastically lags 2019 levels as COVID-19 outbreaks continue to wreak havoc,

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