In response to the numerous challenges arising in the face of the Covid-19 pandemic, BIMCO launched a webinar series in the autumn of 2020. The series offer insight from industry experts who join the webinars to share their knowledge and de

China Classification Society (CCS) hasbeen named as the best performing International Association of Classification Societies (IACS) member for having the lowestDPI (Deficiencyper InspectionRatio)for bulk carriers. CCS secured the ranking i

On April 30, China Shipbuilding Tradingjoinedhandwith Jiangnan Shipyard, Hudong-Zhonghua Shipbuilding, and Qingdao Beihai Shipbuilding Heavy Industry, a subsidiary of Wuchang ShipbuildingIndustryGroup, to jointly undertake 22 orders for 3 t

On April 28, Shanghai Bluesoul Environmental Technology and CITIC Capital signed a strategic cooperation agreement. Shanghai Bluesoul completed 100 million yuan A round of financing, CITIC Capital fully subscribed. Among them, this round of

Chinese steel rebar and hot-rolled coils futures rose on Thursday, after Beijing announced adjustments on tax and tariffs for some ferrous products to support domestic crude steel production cuts. The countrys finance ministry said on Wedne

The Baltic Exchanges main sea freight index, which tracks rates for ships ferrying dry bulk commodities, climbed to its highest since mid-2010 on Thursday as demand improved for all vessel segments. The Baltic dry index, which tracks rates

In the first quarter of 2021 high-sulphur fuel oil (HSFO) has been the only bunker fuel to experience year-on-year growth in Singapore, the worlds largest bunkering hub. HSFO sales are up 47.2% from Q1 2020, reaching 3.1m tonnes. This is ho

The resurgence of Covid-19 in India has prompted fresh lockdowns across a number of states. While ports, steelmaking plants and refineries are deemed essential businesses and continue to operate, disruptions should be expected in the follow

CMES released its financial results for the first quarter of 2021, during which the company achieved an operating income of 3.596 billion yuan, down 24.81% compared with the same period last year. Net profit attributable to shareholders of

BOMESC Offshore Engineering Company Limited and MODEC Offshore Production Systems (Singapore) Pte. Ltd., a subsidiary of MODEC, Inc., signed an FPSO module design and construction contract. The FPSO, named Anita Garibaldi MV33, will be depl

TheToday Show by Nor-Shipping, the new maritime and ocean industries online talk show, has revealed its first guests, with DNB CEO Kjerstin Braathen and DNV counterpart Remi Eriksen heading to the studio for a high level Power Players discu

Long-term contracted ocean freight rates are continuing their dizzying ascent, with a 4.1% climb in April leaving container shipping costs up 21.1% year-on-year, with a rise of 23.5% since December 2020. According to the latest market intel

On April 28, the unveiling ceremony of the Engineering Management Center, the Future Development Research Center, the Equipment Support Center and the Planning and Development Research Center of CSSC was held in Beijing. Lei Fanpei pointed

China has announced the removal of VAT rebates on exports of 146 steel products from May 1, a move the market had been widely anticipating since February. The rebate of 13% of the VAT charged on exports of hot rolled coil, wire rod and reba

In the past year the spikes in the Capesize index have generally been accompanied by some form of ballaster tightness and this rally is no different, however so far it appears the rally is out of proportion to this ballaster deficit. We can