On July 8, the third 180,000DWT bulk carrier CS WU HAN built by Qingdao Beihai Shipbuilding Heavy Industry for CSSC Brokerage Services was christened and delivered. CS WU HAN is a 180,000DWT bulk carrier newly developed by BSIC, with a tota

President Joe Biden will order U.S. transportation agencies in coming days to address competition in rail and sea shipping in an effort to lower the costs of shipping goods for companies, a source familiar with the plan told Reuters on Thur

The Baltic Exchanges main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday as capesize vessel rates firmed. The overall index, which factors in rates for capesize, panamax and supramax shipping

New technologies for greener shipping has been chosen as the World Maritime theme for 2022, reflecting the need to support a green transition of the maritime sector into a sustainable future, while leaving no one behind. The IMO Council, me

Officers fromReCAAP Contracting Partiesparticipated in a virtual lecture to deepen their understanding on legal aspects of piracy and armed robbery against ships. 60 officers from 19 ReCAAP Member States participatedvirtually in the first C

On the evening of July 7, COSCO SHIPPING Holdings disclosed its performance forecast. In the first half of the year, the profit was 37.09 billion yuan, a year-on-year increase of 3162%. The net profit in the same period last year was 1.137

Kawasaki Heavy Industries will transfer more shipbuilding business to China, while Japanese shipyards will focus more on new business directions. The company is preparing to transfer most of its LPG carrier construction business to a joint

Samuel W. Croll, CEO of CR Ocean Engineering LLC (CROE), has announced two changes to his senior management team effective July 1, 2021. Dominique Philibert has become President and COO, and Nick Confuorto, CROEs former President and COO, h

The International Chamber of Shipping (ICS) has welcomed the settlement reached between the Suez Canal Authority (SCA) and Shoei Kisen Kaisha Ltd., owner of the Ever Given the ship which became stranded in the Suez Canal in March 2021 which

On July 1, Guangzhou Shipyard International PANGAEA 95,000DWT ice-enhanced bulk carrier No. 2 departed from the factory for its maiden voyage. The project was delivered on June 29. The ship is the second ship of the 2+2 Ice-1A-class 95,000D

On July 6, China Shipbuilding Trading and Waigaoqiao Shipbuilding signed a contract for the construction of 4 7000TEU container ships with Taiwan T.S. Lines. The contract value is more than 300 million US dollars. This is also the largest c

All the experts said spot ocean rates would pull back in the second half. The second half has now begun. Not only are spot rates not falling, theyre still rising. Much higher H2 spot rates than expected , combined with double-digit gains fo

ENN LNG (Singapore) Pte Ltd, a unit of private Chinese gas distributor ENN Group, has agreed via a tender to buy about 26 cargoes of liquefied natural gas (LNG) for 2022 and 2023 to replenish stocks as new storage becomes operational, two t

The coal market has swung from a heavy surplus in 2020 into a tight deficit in 2021 as demand has bounced back more aggressively than anticipated. This has caused inter-basin arbitrages to open up, which is consequently driving Atlantic coa

Long-term contracted ocean freight rates continued their ascent through June, although not with the dizzying trajectory witnessed in recent months. Mays 9% surge in prices eased back to a 2.3% gain in June. However, the latest figures, deta