On May 31, Shanghai Waigaoqiao Shipbuilding successfully christened the 210,000 DWT Newcastlemax bulk carrier PENG MAY built for Foremost Group. This is the ninth of the 10 bulk carriers of this batch built by Waigaoqiao Shipbuilding for Fo

The range of possible blending components for 0.5% sulfur fuel oil and the impact this has on the fuel parameters is undermining the markets appetite to hedge against VLSFO price volatility some 18 months after the IMO rules came into place

Yang Ming Marine Transport Corp. (Yang Ming) took delivery of one more new 11,000 TEU container vessel, YM Tiptop to further enhance Yang Mings operating competitiveness. The vessel will be deployed to Far East - South America service SA3 a

The Shipping-KPI platform faced by users today is much different compared to only half a year ago. Recent major improvements include: Launching the updated Shipping-KPI Changing the benchmarking concept to ranking Improved user roles Adding

Under Francis Sarres chairmanship, BIMCOs Documentary Committee has adopted more than 50 contracts and clauses. Sarre has, amongst many other high-profile projects, spearheaded BIMCOs move into the ship financing area with the development o

The 23000TEU dual-fuel powered ship is the worlds first ultra-large container ship with membrane fuel tanks and dual fuel propulsion. It uses LNG as the main fuel, uses WinGD dual fuel main engine, and is equipped with the worlds first GTT

On May 28, the worlds first dual-fuel VLCC 2x3500m C-type LNG cryogenic storage tank built by Dalian Shipbuilding Industry for COSCO SHIPPING Group was successfully delivered. The tank is the key supporting product of the worlds first LNG-p

OVERVIEW Shanghai MSAwill conduct operational test inspection to ensure safe operation onboard. The inspection will be carried outfrom 1, June to 30, June,2021.Andall ships falling within the scope of targeting rules either from China MSA o

China Decelopment Bank Leasing announced that CDB Leasing (International) Company Limited (as the buyer), a wholly-owned subsidiary of the company, entered into a ship purchase agreement with the seller on May 28, 2021. Accordingly, the buy

Most routes rose in June, and the composite index reached a new high Ningbo Containerized Freight Index: In the week ending May-28, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 3074.0 points, sl

Egypts Suez Canal Authority (SCA) announced on Sunday the captain of Ever Given was fully responsible for the grounding of the huge cargo vessel that blocked the canal for six days in March. It is due to the captains repeated orders in a ve

The BIMCO Maritime Information department informs members on a weekly basis, updates about the COVID-19 in relation to implementation measures imposed by governments for sea transport including for crew change as well as from the United Nat

Up to no good Despite almost every driver being supportive, scrapping activity has continued to underperform during 2021. Gibson remains convinced that a key driver behind this is the presence of buyers willing to pay a premium price for vi

South Koreas DaeSun Shipbuilding said Tuesday it has signed a contract with Chinese liner company SITC to build up to 10 1023 TEU container ships worth nearly US $200 million. SITC said that its subsidiary SITC Shipowner has signed an order

The BIMCO Baltic ice reporting season for 2020/2021 covering Denmark, Estonia, Finland, Germany, Latvia, Lithuania, Poland, Russia and Sweden ends today . For the Canadian region , some areas like the Gulf of St. Lawrence and the Great Lake