Hing Chao,Executive Chairman of Wah Kwong Maritime The maritime sector is steeped in tradition. Throughout history the industry has played a crucial role in global economic growth and international trading relations. In the 1950s when the s

On August 2, 2021, Fortune Magazine released the 2021 Fortune Global 500 list. China State Shipbuilding Corporation ranked 240th in the global list with an operating revenue of US $46.844.6 billion. After the implementation of joint restruc

The Baltic Exchanges main sea freight index dipped on Monday on losses in the large and medium-sized vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, inche

Cargo and container throughput at Chinas ports registered robust expansion in the first half of the year as the country strives to increase shipping space and container supply, according to the Ministry of Transport. In the first six months

CHINA Classification Society (CCS) is reporting the successful surveying of the worlds first100,000 DWT deep-water semi-submersible floating production storage and offloadinginstallation(FPSO). The platform named the SHEN HAI YI HAO is form

On July 30, Yangzijiang Shipbuilding signed a new ship order agreement with Seaspan Corp, the worlds largest independent container ship owner, including 10 + 5 70,000TEU new Panamax LNG powered container ships. Through early research and de

In July, RINA issued an Approval in Principle (AIP) certificate for the dual-fuel suezmax tanker of New Times. This type of ship adopts a dual-fuel four-stroke joint propulsion concept and is equipped with a flexible power management system

On July 30, the worlds largest 24000TEU container ship Ever Ace built by Samsung Heavy Industries for Evergreen Marine made its maiden voyage to Qingdao Port, Shandong. Ever Ace is the first of a series of 12 container ships ordered by Ever

WindFloat Atlantic has become the worlds first classed offshore windfarm, after its three 8.4MW floating turbines were accepted by the ABS Class Committee. The three ABS-classed, SEMI Submersible Type units designed by Principle Power housi

On 1stAugust 2021, Federal Republic of Germany has joined the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) as the twenty-first Contracting Party. The ReCAAP Information Sharing Centre (

Transportation demand remained high, the composite index continued to rise Ningbo Containerized Freight Index:In the week ending Jul-23, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 3652.1 point

On the evening of July 29, BOMESC Offshore Engineering Company Limited issued the results report for the first half of 2021. In the first half of 2021, the operating income was about 1.995 billion yuan, and the net profit attributable to th

On the afternoon of July 29th, MU LAN, the first ship built by Hudong Zhonghua for CSSC Shippings LNG project, overcame the influence of super typhoon In-fa, completed the gas trial in 14 days ahead of schedule and safely stopped at Changxi

Chinese Crackdown The Chinese refining sector has recently been under pressure, not so much from the extreme demand pressures of the past 18 months, but more driven by changes in domestic government policy. Independent refineries (often cal

The Maritime and Port Authority of Singapore (MPA) today announced the formation of the Global Centre for Maritime Decarbonisation (GCMD) in Singapore and its leadership team with effect from 1 August 2021. Set up with a S$120 million fund