The announcement comes at a time when pirates continue to wreak havoc in the busy waters of Gulf of Guinea at distances more than 200 nautical miles from Nigeria. The situation has led several EU countries including France, Spain, Italy, Be

On April 26, Hoegh Autoliners, a Norwegian shipping company, announced the launch of its Aurora series car carrier in an effort to decarbonize the shipping industry. The design of this series of ships will be developed in collaboration with

A significant expansion of the setup in China is showing results. In just a few months, Svanehj has landed two major PC pump orders in China. Most recently a contract with GSI Shipyard on a total of 96 deepwell pumps for four new MR Tankers

Driven by high freight rates and high demand, Evergreen Marine, which will welcome 30 new ships this year, is expected to become a big winner. Evergreen will take delivery of 30 container ships this year, adding 257,800 TEU to its fleet, da

On April 27, Hudong Zhonghua, a subsidiary of CSSC, named and delivered the fourth 23000TEU dual-fuel powered container ship CMA CGM Concorde to CMA CGM. This is the seventh ship of the same type delivered by Hudong Zhonghua and Jiangnan Sh

The Baltic Exchanges main sea freight index, which tracks rates for ships ferrying dry bulk commodities, gained on Tuesday as capesize rates touched their highest level in over a year. The Baltic dry index, which tracks rates for capesize,

The Egyptian Suez Canal Authority (SCA) denied, Monday circulated reports on arresting any of EVER GIVEN crew members SCA head admiral Osama Rabie said in a statement that the authority does not object the leaving or replacing of any of the

During a 10-day operation called Jangkar Haram, Malaysia clamped on illegal anchoring in its waters. The ships involved have either been warned and ordered to leave or detained and fined. BIMCO recommends Masters to take extra precaution an

On April 26, Jiangnan Shipyard, a subsidiary of China State Shipbuilding Corporation, signed for the delivery of Evergreens second 2,500 TEU feeder container ship EVER OCEAN. It is also the fifth ship delivered by the company this year. Thi

On April 26, ZhongGu Logistics announced that it plans to sell four container ships to large international container liner companies at a total price of $128 million to $135 million. The four container ships to be sold by the company, Zhong

The Baltic Exchanges main sea freight index on Monday drifted up to its highest since September 2010, as an uptick in rates for the larger capesize segment offset a drop in panamax vessel demand. The Baltic dry index, which tracks rates for

In March 2020, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 163.83 points,up 33.70% year-on-year; the export trade index was 167.18 points,an increase of

On April 23, Mr. Ersin Eren, Director of North Asia Operations of BV Classification Society, presented the FGSS-Fuel Gas Supply System AIP certificate to CIMC Raffles on behalf of BV Classification Society. FGSS is an independent natural ga

On April 23, the 10th 208,000 DWT bulk carrier built by Yangzijiang Shipbuilding for CDB Leasing was successfully christened and delivered. The new ship, was christened CL BAISE, the ship left the shipyard for its maiden voyage on April 24.

Leading flag administration, Panama Maritime Authority has authorised Indian Register of Shipping (IRClass), an international ship classification society,to conduct specific surveys through remote inspection techniques. As the maritime worl