Hapag-Lloyds 2020 net profit was US$1 billion, a year-on-year increase of 155%. Hapag-Lloyd published its annual report with audites business results for the 2020 financial year today. In the reporting year, Hapag-Lloyds earnings before int

On March 16, New Times Shipbuilding signed a contract with Chartworld for the construction of four 13,000 TEU container ships at a total cost of $420 million. The new ships will be operated with conventional power, and each ship will be equ

In the first two months of 2021, Brazilian iron ore exports have risen by 9.1% to 53.0m tonnes, driven by China. So far this year, 35.2m tonnes of iron ore has been exported to China, representing a 15.2% increase from the same period last

INTERCARGO re-iterated its commitment to a safe, efficient, high quality and environmentally sound dry bulk shipping industry at its semi-annual meetings which were held last week. The Executive Committee and the Technical Committee convene

The 15 th Governing Council Meeting of the ReCAAP ISC (the Centre) was held on 16 and 17 March 2021 by virtual modality, due to the ongoing COVID-19 pandemic. The Meeting was attended by the Governors/Representatives of the 20 ReCAAP Contra

On March 16, Qingdao Beihai Shipbuilding Heavy Industry christened and delivered the sixth 325000 dwt VLOC ORE ZHOUSHAN for China Merchants Energy Shipping and ICBC Leasing, marking the successful completion of the series of six VLOCs. The

China foiled criminals seeking to smuggle nearly 1 million tonnes of refined oil worth 5 billion yuan ($770 million), with officials seizing 11 ships and detaining 171 suspects in a sprawling swoop on Tuesday, customs authorities said. The

China resumed storing crude oil in the first two months of the year with almost 1 million barrels per day (bpd) being added to inventories in January and February, rebuilding stockpiles after a rare drawdown toward the end of last year. Abo

The Baltic Exchanges main sea freight index rose on Tuesday to its highest level since early-October, driven by stronger rates for capesize and panamax vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax ves

The Getting to Zero Coalitions updated Mapping of Zero Emission Pilots and Demonstration Projects uncovers emerging trends, sees a strong climb in the number of identified projects as well as increased activities in Asia. The uptake of zero

Transport demand needs to be restored, and the composite index continued to fall Ningbo Containerized Freight Index: In the week ending Mar-12, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 2035.

At 12:58 on March 14th, Jiangnan Shipyard, a subsidiary of China State ShipbuildingCorporation, completed the system gas test and system inert of the worlds firstLPG dual-fuel VLGC built for Southwest Maritime. Thesea trial was highly evalu

Norwegian-based Awind said it has ordered a pair of hybrid-electric commissioning, service and operations vessels (CSOV) from China Merchants Industry in Hong Kong, with options for up to four additional vessels. Awind, a subsidiary of Awil

Denmark joins three of the four largest shipping nations, Greece, Japan and Singapore to back proposal to meet UN call for urgency and ambition. Denmark home to, the worlds largest container shipping company, Maersk. Country seen as one of

C-Job Naval Architects, the global independent ship design and engineering company, announced today it is launching an in-house developed TSHD series.The trailing suction hopper dredger series promises to fill the gap between standard desig