Transportation demand remained high, the composite index continued to rise Ningbo Containerized Freight Index: In the week ending Jul-16, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 3567.6 poin

Another week of static rates on the whole in this sector. In the Middle East rates for 280,000mt to US Gulf (routing via the Cape/Cape) remains at the WS18-18.5 level while rates for 270,000mt to China are stuck at around WS31.5 (showing a

OPEC Agreement? So, after several weeks of behind the scenes talks and political wrangling, the OPEC+ alliance has once again found a way forward in its quest to manage oil supply. The disagreement centered on production baselinesfrom which

On July 22, China Shipbuilding Trading and Dalian Shipbuilding Industry signed a contract to build a 155,000DWT shuttle tanker with Shanghai Northsea Shipping. The contract is the second vessel ordered by Northsea Shipping under the 1+1 155

On July 22, the worlds first airborne SCR marine low-speed engine CSSC WinGD X52, independently developed by China Shipbuilding Power (Group), a subsidiary of CSSC, and built by Dalian Marine Diesel (DMD), was officially launched to the wor

This marine notice provides information to ship owners, operators and masters about the Focused Inspection Campaign(FIC)onsafety of navigationwhich will runfrom 1August2021 to30September 2021. The purpose of the FIC is todetermine the: leve

Leading survival technology provider, Survitec, has relaunched its lifeboat inspection solution underpinned by the companys novel Hub and Spoke network model. Lifeboat Inspection 402, devised in line with regulations mandated in 2020 under

Stena RoRo has ordered two new ships from the Chinese shipyard CMI Jinling (Weihai). These are the 11th and 12th Stena E-Flexer vessels in the RoPax class developed by Stena RoRo and delivery is slated for 2024 and 2025. At the same time, l

MarineMax, Inc., the worlds largest recreational boat and yacht retailer, today announced results for its third quarter ended June 30, 2021. Revenue grew 34%, or over $168 million, to $666.3 million for the quarter ended June 30, 2021 from

The experiences of operating during the Covid-19 pandemic and the challenges this has created have prompted a review of the BIMCO Infectious or Contagious Diseases Clauses (the IOCD Clauses). What is the balance to be struck between owners

RINA has signed an agreement with Shanghai Waigaoqiao Shipbuilding (SWS) for the classification of the largest ever cruise ship to be built in China. Speaking at the signing ceremony Mr.Wang Qi, Chairman at SWS said, The Chinese cruise ship

Global, sector-focused law firm HFW has launched a global sustainability challenge using specialist software that allows colleagues across the business to record climate positive lifestyle changes and measure the impact to their individual

On July 21, Guangzhou Shipyard International, a subsidiary of CSSC, signed and delivered the 55,000DWT product/chemical tanker No. 7 vessel MARITIME INSPIRATION for Singapores IMC and CSSC Leasing. The ship is the seventh of the 8 series of

On July 20, 2021, CSSC Huangpu Wenchong held the signing ceremony for the delivery of 2700TEU container ship T.S. NANSHA (H5681) and the 1900TEU container ship construction contract between Huangpu Wenchong and T.S. Lines. T.S. NANSHA (H568

On July 21, the 210,000DWT Newcastlemax bulk carrier TENG MAY built by Shanghai Waigaoqiao Shipbuilding for the American Foremost Group successfully christened. It marks the successful delivery of all 10 Newcastlemax bulk carrier series pro