Shanghai International Energy Exchange (INE) on Thursday said the Containerized Freight Index (Europe Service) Futures Contracts (EC futures contracts) will be listed for trading on Friday. The futures reflect freight rates for containers s

Chinas export containershipping price index dropped in July, data from the ShanghaiShipping Exchange shows. The average China Containerized Freight Index (CCFI) stood at 869.89 last month, down 5.3 percent from June, according to theshippin

SHANGHAI, Aug. 17 (Xinhua) -- Shanghais imports and exports reached 2.45 trillion yuan (about 340 billion U.S. dollars) in the first seven months of this year, up 7.4 percent year on year, local customs said Wednesday. Over the period, Shan

General The period from April to November marks the traditional typhoon season in the waters of the Philippines and China, coinciding with the peak season for nickel ore transportation in the Philippines. Typhoons and tropical storms pose s

Driven by continued growth in minor ore demand in China, global seaborne minor ore exports rose 7% y/y in the first seven months of 2023, vastly outpacing the 2% y/y growth in overall dry bulk exports,says Filipe Gouveia, Shipping Analyst a

Spot rates on the Trans-Atlantic fronthaul trade from North Europe to the US East Coast (USEC) are plummeting rapidly. According to Xenetas platform data, the monthly average rate for a 40-foot standard container (FEU) has dropped dramatica

Recently, CSSC Qingdao Beihai Shipbuilding Heavy Industrysuccessfully signed the first 319,000 dwt VLCC construction project with the European oil tanker giant EURONAV. The VLCC ship signed this time has a total length of 339.50 meters, a m

In partnership with bound4blue, a pioneering developer of wind-assisted propulsion technology, Odfjell will install the innovative eSAIL system on a chemical tanker, making it the first tanker vessel in the world to harness this groundbreak

NORDEN and Teck Resources Limited , today announced an agreement to reduce CO emissions in Tecks steelmaking coal supply chain. The agreement is expected to reduce annual emissions from Teck shipments handled by NORDEN by 25%, or up to 6,70

A group of eight maritime and logistics technology companies have been selected as finalists for the Standardised Data Innovation Challenge (SDIC) , an initiative offering tech firms in the shipping space the opportunity to work with standa

The top two biggest spenders on second hand bulkers and tankers so far in 2023 have already spend over USD 1.1 billion together. So far the top 10 biggest spenders on second hand bulkers have spent a collective USD 1.58 billion on 51 vessel

Introduction Tankers dominated the demolition market this year, accounting for approximately 43% of all cargo vessels scrapped. In comparison, the number of Bulkers scrapped was low, with 48 vessels accounting for 38% of the scrapped fleet,

Yang Ming Marine Transport Corporation (Yang Ming) announced its financial report for the first half of 2023. Accordingly, the consolidated revenues in Q2 stood at NT$ 35.05 billion (US$ 1.15 billion). The Companys after-tax net loss and th

CMA CGMs long-time partner towards decarbonation of the shipping industry,Kuehne+Nagel, has chosen CMA CGM to provide shipping solutions to address the sustainable challenges in logistics. Kuehne+Nagel chose ACT with CMA CGM+ biofuel, that

Total power coal shipment through railways in the Yangtze River Delta region exceeded 10 million tonnes to 10.04 million tonnes in the 71 days since the start of June, an increase of 18.2% year on year, according to China Railway Shanghai G