Production resumption in other countries likely to increase demand for nations products Chinas foreign trade is expected to reach a new high in the second half of the year, but probably at a slower yearly growth rate due to complexities at

At present, the number of container ship orders is hitting the highest level in history. A report recently released by VesselsValue shows that in the first half of this year, global container ship orders reached 286 vessels, an increase of

On July 29, 2021, Xiangyu Shipbuilding and Offshore Engineering delivered a 63,500DWT bulk carrier to Nisshin Shipping, which was christened EVA SHANGHAI. This is the 18th ship delivered by Nantong Xiangyu to Nisshin Shipping, the 9th ship

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