The Baltic Exchanges main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to its highest level since September 2019 on Thursday as demand strengthened across vessel segments. The Baltic dry index, which t

Hapag-Lloyd is stepping up once more the investment in its container fleet in light of the current situation similar to what the container shipping line did in 2020 in its initial response to the pandemic as today it needs significantly mor

Tonne mile demand generated by US crude oil exports has fallen by 9.7% in the first two months of 2021 compared with the start of 2020. The fall could however have been much worse; In volume terms, seaborne crude oil exports have fallen by

A semi-submersible drilling platform from China Merchant Heavy Industry (CMHI), SHEN LAN TAN SUO, has become the worlds first offshore unit to receive DNVs Smart notation compliance certificate. The voluntary Smart vessel notation from DNV,

In a major step toward achieving sustainable shipping, the first of three LNG battery hybrid PCTCs commissioned by United European Car Carriers (UECC) was launched in an official ceremony Monday 12 April at theJiangnan Shipyardin Shanghai.

On April 14, 2021, SPDB Financial Leasing, Daewoo Shipbuilding Marine Engineering, and MSC held the delivery ceremony of MSC APOLLINE by means of tripartite video. After long-term marketing, the project was officially launched at the end of

Hoglund, a ship solution provider, recently received a contract from Guangzhou Shipyard International to deliver Fuel Gas Supply System (FGSS) for four LNG-powered LR II tankers. Hoglund will cooperate with Guangzhou Shipyard Intenational t

On April 13, ZhongGu Logistics announced that it plans to raise no more than 3 billion yuan for container ship purchase projects. ZhongGu said it will raise 1.5 billion yuan and invest a total of 3.9514 billion yuan in the construction of 1

The contest for the laurel of becoming the worlds largest shipbuilder between China and South Korea has become more intense, and a South Korean advance in new orders of late serves as a reminder of the need for Chinese shipbuilding companie

Egypts Suez Canal Authority (SCA) agreed with a Chinese shipbuilder to build five tugboats and the contract will be signed very soon, SCA Chairman Osama Rabie told Xinhua. Without mentioning the name of the Chinese company, Rabie noted that

The Australian Jimblebar Blend Fines, or JMBF, slipped from premiums into discounts against the 62% Fe index as demand for iron ore fines with lower ferrous content and higher impurity levels dropped due to stricter quality requirements amo

Global resources company BHP, German shipping company Oldendorff Carriers, and advanced biofuels pioneer GoodFuels, with the support of the Maritime and Port Authority of Singapore (MPA), conducted the first marine biofuel trial involving a

The Suez Canal Authority (SCA) has welcomed Mohab Mamish, one of the largest dredgers in the Middle East and Africa. Mohab Mamish was built and delivered by Royal IHC of the Netherlands, a global dredger builder. It was loaded by the 50,000

On April 12th, the 910FEU reefer container ship of CSSC Chengxi Shipyard was signed and delivered. The delivery of the vessel marks a major victory for Chengxi Shipyard in its foray into the market of reefer container ships. The 910FEU reef

Profits of HK $1.114 billion! Year-on-year growth of 24.8%! The performance of CSSC Leasing in 2020 is booming! On March 31, CCSC Leasing announced that it achieved profit of HK $1.114 billion in 2020, an increase of 24.8% year on year and