Leaders of the Round Table of International Shipping Associations - BIMCO, INTERCARGO, International Chamber of Shipping and INTERTANKO - met virtually last week to debate key issues facing the maritime industry today. At the meeting, the a

Vestdavit keeps design and delivery on track with unique boat-handling system supplied for cable-layer Nexans Aurora at Norwegian yard Newbuild cable-laying vessel Nexans Aurora will be making waves in more ways than one when it hits the wa

On March 8, COSCO SHIPPING Holdings released its annual performance bulletin for 2020. In 2020, the company achieved a total revenue of 171.258 billion yuan, with a year-on-year growth of 13.37%; Net profit attributable to shareholders of t

Anglo-Eastern Ship Management Ltd Anglo-Eastern Ship Management (Shenzhen) Co., Ltd Anglo-Eastern is a leading global provider of ship management services. We have been working with shipowners and our clients for over 40 years, driven by ou

The COVID-19 pandemic had caused enormous impact on Tokyo MOU activities in various aspects, including a notable decrease of the number of inspections due to restrictions of ship-shore interaction. Recognizing the necessity and importance o

StormGeo , the leader in weather intelligence, ship routing and fleet performance management solutions, announced today the launch of Strategic Power Routinga service that optimizes the power output of a vessel in varying weather conditions

China will construct a Polar Silk Road and actively participate in the development of Arctic and Antarctic regions, it said in its new 2021-2025 five-year plan published on Friday. The plan said China would participate in pragmatic cooperat

DNV, the worlds leading classification society, granted an Approval in Principle (AiP) to Hyundai Mipo Dockyard (HMD) for a new design of intra-Europe 1,900 TEU feeder container ships. Young Jun Nam, CTO Executive Vice President at HMD, and

The market looked forward to resuming work, and most freight rates fell Ningbo Containerized Freight Index: In the week ending Mar-5, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 2152.9 points,

Digitalisation has taken on a new urgency in the light of the COVID-19 pandemic, in particular when it comes to digital data exchange in ports, and for facilitating trade and logistics in general. BIMCO and other maritime NGOs are inviting

Short Term Pain Yesterdays news that OPEC+ would keep production unchanged for April was not exactly what the tanker market wanted or needed. Undoubtedly this move will create more short-term pain for the sector with very little change in c

Forward freight agreement (FFA) trades for a basket of 38,000-dwt handysize time charter rates will help operators take longer-term cover with less risk, says leading shipbroker Simpson Spence Young . Following an ever-strengthening charter

ReCAAP Information Sharing Centre today issued a Warning based on information from the Philippine Coast Guard (ReCAAP Focal Point) about an incident involving a bulk carrier, Akij Pearl off Sibutu Island, Tawi-Tawi, Philippines on 3 March 2

Torqeedo and Poseidon cooperatively announced a fully electric, steerable thruster system designed to provide up to 65 kW of emission-free power and directional thrust ideal for manoeuvring on Europes inland waterways. Poseidons thruster is

It has been more than a decade since BIMCOs TOWCON and TOWHIRE for ocean towage services and BARGEHIRE for bareboat chartering unmanned barges were last revised. The drafting teams tasked with the revisions have updated the forms to incorpo