Shanghai will build itself into a world-class cruise hub by 2035 and aim to draw in 3 million cruise tourists annually by 2025, according to the Shanghai Action Plan for Promoting the High-quality Development of the International Cruise Eco

CAIRO, Aug. 18 (Xinhua) -- The General Authority for the Suez Canal Economic Zone (SCZone) announced on Friday the success of fueling an international vessel with green energy methanol. The move is the first of its kind in Egypt, said the S

The Containerized Freight Index (Europe Service) futures contract, which started trading on the Shanghai International Energy Exchange on Friday, is part of the innovative attempts by the Chinese capital market to help shipping companies ma

End of an Era For product tankers, much of the past decades investment was focused on changing dynamics in the global refining scene. In short, the story of expanding capacity in the East, primarily driven by Middle East export refineries,

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