[Photo: Xinhua/Fang Zhe] SHANGHAI, Aug. 23 (Xinhua) -- Shanghai saw a surge in the number of cargo ships and aircraft traveling between it and other BRICS countries in the first seven months of this year, as foreign trade between China and

The International Chamber of Shipping has expressed condolences on the passing of Maria Susan Toots Ople, Secretary of Migrant Workers for the Department of Migrant Workers, Philippines, who passed away aged 61. Guy Platten, Secretary Gener

Xeneta real-time container freight rates update week 34 Xeneta believes long-term ocean freight rates may have started bottoming out after around a year of persistent, often dramatic monthly falls. The Oslo-based benchmarking and market ana

Copenhagen/London, 23 August 2023 , maritime software provider Sea and Mrsk Mc-Kinney Mller Center for Zero Carbon Shipping (the Center) formalized their collaboration by signing a Knowledge Partnership Agreement. With the agreement, Sea an

Installation of Rotor Sails on TR Lady, an 82,000 dwt Kamsarmax bulk carrier, was completed in Chengxi Shipyard, China, in June 2023. TR Lady is owned by TR Lady Shipping Ltd, a portfolio company of Tufton Investment Management Ltd (Tufton)

On August 21, Antong Holdings released the results for the first half of 2023. During the reporting period, Antong Holdings realized operating income of approximately 3.595 billion yuan, which was adjusted to 4.374 billion yuan in the same

[Photo: Maersk] SINGAPORE/COPENHAGEN, Aug 21 (Reuters) - Container shippers are ordering vessels powered by methanol to reduce greenhouse gas emissions, but it will take years for renewable methanol output to meet demand and for costs to fa

Evergreen Marine Corporations terminal operating subsidiary Everport Services has invested US$76 million in the port of Oakland. No further information was released, with Evergreen citing confidentiality. The disclosure of the investment co

Davits supplied by Vestdavit are set to play an important role in efficient launch and recovery of fast craft to support refuelling operations at sea for the US naval fleet after the company was awarded a major contract for six vessels bein

On August 21, 2023, Wah KwongMaritime Transport Holding, CSSC (Hong Kong) Shipping Company and China Gas Holdings established a joint venture company SEA JADE INVESTMENT LIMITED. On the same day, the joint venture signed a contract with Dal

Hamburg, 21 August 2023:As wholesale inventories dwindle in the U.S., the ongoing restrictions at the Panama Canal could have implications for Christmas stocks and supply chains. With the imminent Christmas shopping season, the delay in inv

Shanghai will build itself into a world-class cruise hub by 2035 and aim to draw in 3 million cruise tourists annually by 2025, according to the Shanghai Action Plan for Promoting the High-quality Development of the International Cruise Eco

CAIRO, Aug. 18 (Xinhua) -- The General Authority for the Suez Canal Economic Zone (SCZone) announced on Friday the success of fueling an international vessel with green energy methanol. The move is the first of its kind in Egypt, said the S

The Containerized Freight Index (Europe Service) futures contract, which started trading on the Shanghai International Energy Exchange on Friday, is part of the innovative attempts by the Chinese capital market to help shipping companies ma

End of an Era For product tankers, much of the past decades investment was focused on changing dynamics in the global refining scene. In short, the story of expanding capacity in the East, primarily driven by Middle East export refineries,