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

The dry bulk shipping market entered the traditional peak season in the third quarter. Driven by the capesize vessel, the Baltic Dry Index (BDI) rose for 4 consecutive days. On July 26, BDI rose by 11 points to 3,210 points, an increase of

On July 27, Bohai Shipbuilding Heavy Industry of DSIC held a christening ceremony for BERGE BOBOTOV, a 210,000 DWT bulk carrier built for Berge Bulk (Singapore). On July 28, the ship was successfully signed and delivered. Since 2006, Bohai

Container ship chartering prices have reached new highs. Under the current sky high freight rates, even a small ship may earn millions of dollars in one voyage. According to the data released by Harper Petersons, a 2741 TEU container ship w

When will the container capacity crunch finally ease? For an early indicator, keep an eye on production of the humble 40-foot dry cargo box. If the volume and cost of new containers pull back, supply chain pressures are abating. Unfortunate

4ocean, a purpose-driven B Corp with a mission to end the ocean plastic crisis, is pleased to announce their partnership with Poralu Marine, a global leader in marine- grade technologies, on the launch of the BeBot in the United States, an

DNV, the worlds leading classification society and risk management expert,is embarking on an instrumental role inhelping to facilitate safe crew changes amid South East Asias COVID crisis as anauditor in the multi-party backed CrewSafe prog

As more large and very large container ships enter the major trade lanes of the world, the opportunity exists for liner operators to optimize vessel utilization, operational efficiency, and maximize voyage profitability. However, the risks

CSSC (Hong Kong) Shipping Company Limited announced that it is expected that the consolidated profit (unaudited) attributable to the companys equity holders for the six months ended June 30, 2021 will increase by approximately 30% compared

At 11:33 on July 27, the first 1800TEU container ship (CHB2001) built by Zhoushan Changhong International was officially delivered. The 1800TEU container ship was built by Zhoushan Changhong International for Malaysian shipowner MTT shippin