Shanghai Waigaoqiao Shipbuilding, a subsidiary of CSSC, has signed a contract with SBM Offshore to build Fast4Ward Universal FPSO hull 4 (MPF4), the first of its kind in the world. This type of ship can meet the marine environmental conditi

Indian Register of Shipping (IRClass), an international ship classification society, underlineshighsafety standards as key todoubling Indias ship recycling capacity by 2024, an ambitious target set byIndiangovernment in the recent Union Bud

Containerships Borealis, the newest LNG-powered vessel of CMA CGMs unit, arrives at the Shortsea Terminal of Rotterdam, Heijplaat, on 1 March. The ship took off on its maiden journey on 1 February 2021 from Yantian, China. The Handy contain

Chinas index of export container transport registered a dip in the past week ending Friday, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) stood at 2,059.52, down 0.6 percent from a week ea

Quanzhou Transportation Development Group (QTDG) plans to revitalize Quanzhou Shipyard, with a total planned investment of 2 billion yuan. QTDG plans to restructure 7 docks under construction or already built, 2 docks with a class of 300,00

In a world with tens of thousands of financial indices, the dry bulk market stands out when it comes to benchmarking, with the Baltic Exchange remaining the dominant provider of price information and index constitution. As the largest vesse

On 19 February 2021 the United Kingdom Supreme Court handed down its decision in the first collision case to reach the UKs highest court in nearly 50 years, in the The EVER SMART and The ALEXANDRA 1 [2021] UKSC 6. Faz Peermohamed of Stann L

Maersk, the largest container shipping line and vessel operator in the world, updated information on Tuesday that its two ships lost 1,010 containers overboard in the Pacific Ocean recently, adding the total loss by transpacific ships to al

PT. Graha Trisaka Industri has awarded tug design contracts to Robert Allan Ltd. for a RAmparts 3200-W and a TRAktor 3200-V. The tugs will be built and operated by Taiwan Navigation Co. Ltd. under a long-term charter contract for CPC Corpor

The transportation demand was flat, and the freight rates of most routes decreased slightly Ningbo Containerized Freight Index: In the week ending Feb-19, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) q

The Permian Strikes Back? Despite recent cold weather in Texas disrupting oil and gas production, a comeback in US shale may already be on the horizon given the increasingly bullish fundamentals of the global oil market. Goldman Sachs have

The Maritime and Port Authority of Singapore (MPA) has awarded a third LNG bunker supplier licence to Total Marine Fuels Private Limited for a five-year term starting 1 January 2022. Total Marine Fuels Private Limited is a global LNG suppli

On February 25, Guangzhou Shipyard International welcomed the first major order since the Chinese New Year, and signed a contract with China Merchants Nanjing Tanker Corporation for two 49,700 dwt product tankers and two 49,500 dwt chemical

On February 23, Group President Hu Jianhua investigated the Dalian Port of Liaoning Port Group and learnt about Liaoning Port Groups production and operation activities, land development and on-site operation, inspected the service assuranc

Torqeedo has announced a new direct distribution organisation in Norway to address the growing market for its marine electric propulsion systems in that region. Norway has a long tradition of seafaring and is a world maritime centre for shi