The Baltic Exchanges main sea freight index that tracks rates for ships carrying dry bulk commodities extended gains, rising to its highest since late 2010 on Thursday as capesize rates jumped on strong Chinese iron ore demand. The index, w

ONEX Peace, an Aframax tanker built by Hyundai Samho Heavy Industries and delivered to its owner ONEX, has become the worlds first merchant ship to receive DNVs SILENT-E notation. DNV is the first classification society to offer an underwat

Shippers, freight-forwarders, liner operators and everyone within the ocean container freight value chain can now access reliable real-time intelligence of fluctuating daily rates with the launch of the Xeneta Shipping Index (XSI) for thesh

To attract, retain and upskill talent in the fast-transforming maritime sector, a set of initiatives were unveiled today by Mr Niam Chiang Meng, Chairman of Maritime and Port Authority of Singapore (MPA). The announcement was made at the Ma

The sixth 210,000 dwt bulk carrier HUI TAI HAI (N951), contracted by COSCO Shipping Heavy Industry (Yangzhou), was christened in Yangzhou on April 20. The 210,000 DWT Newcastle bulk carrier is 299.95m in length, 50m in width and 25m in dept

In accordance with Notice of the Ministry of Agriculture and Rural Areas on adjusting the system of summer fishing ban of the Peoples Republic of China (Circular [2021] No. 1 of the Ministry of Agriculture and Rural Areas) (The Notice), fro

Chinese shipyard, Hudong-Zhonghua Shipbuilding, has recently completed the sea trials for the first FSRU it is building for the Greek shipping company, Dynagas. The shipyard, a unit of the China State Shipbuilding Corporation (CSSC) said th

Russias announcement that it will close access to the Kerch Strait which connect the Black Sea and the Sea of Azov has triggered a reaction within the London insurance market. The Joint War Committee of Lloyds Market Association has issued

Ampelmann and C-Job Naval Architects have joined forces to develop a one-of-a-kind offshore wind feeder vessel concept with motion compensation technology, specifically suited for the rigorous demands of operatingoff the east coast of the U

A S$120 million fund for a maritime decarbonisation centre in Singapore The Maritime and Port Authority of Singapore (MPA) will join hands with industry partners under two separate agreements signed today to advance decarbonisation efforts

The International Advisory Panel on Maritime Decarbonisation (IAP) formed in July 2020 by the Singapore Maritime Foundation (SMF), with the support of the Maritime and Port Authority of Singapore (MPA), has submitted its recommendations to

On April 8 and April 15, two new Crown 63,500 DWT bulk carriers jointly built by SUMEC Marine and CDB Leasing were successfully signed and delivered. Up to now, New Dayang has successfully delivered 6 ships in 2021, and all major production

Chinas crude oil imports from top supplier Saudi Arabia rose 8.8% in March from a year earlier, driven by strong demand and as shipments delayed due to a port congestion finally arrived. Imports from the United Arab Emirates also rose again

The shortage of containers has been eased with 58 per cent additional exports being managed in March year-on-year, a senior government official said on Tuesday. Pawan Agarwal, Special Secretary in the Logistics Division of Ministry of Comme

The Maritime and Port Authority of Singapore (MPA) officially launched Singapores first Maritime Drone Estate (MDE) today, in conjunction with the 15th Singapore Maritime Week. Located near Marina South Pier with close proximity to the anch