ITICs, International Transport Intermediaries Club, financial results announcement revealed a substantial surplus in 2022/23. Now in its 31st year, ITIC, and its mutual reinsurer TIMIA, returned a US$ 8.1m surplus for the year to 31st May 2

[Photo: RINA] Genova/Milan, 4 August 2023 Registro Italiano Navale, Fondo Italiano dInvestimento and RINA S.p.A have announced a new agreement aimed to allow the Italian fund to become a shareholder in RINA S.p.A., a multinational company b

Singapore, 8 August 2023 The Global Centre for Maritime Decarbonisation (GCMD) and Mitsui O.S.K. Lines, Ltd. (MOL) announced today the signing of a five-year Impact Partnership agreement. On the same day, both parties held a signing ceremon

8 August 2023, London: The Association of Panamanian Shipowners (ARPA) has become an associate member of the International Chamber of Shipping (ICS). Launched in 2020, ARPA was created by shipowners and operators of vessels to strengthen Pa

Transportation demand recovered slowly, freight rates on European route rose and then fell Ningbo Containerized Freight Index: In the week ending Aug-4, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quo

Capesize The cape market had a sluggish start to the week but gradually exhibited signs of improvement and positivity as the week progressed. The anticipated momentum in the Pacific fizzled out by the middle of the week despite the presence

Ocean Network Express (ONE), a world leader in container shipping, successfully hosted the 2nd Container Shipping Summit in Singapore on 3 August 2023, in collaboration with Anchor Ship Partners Co.,Ltd., and KOZO KEIKAKU ENGINEERING INC. T

Chinas foreign trade managed to stabilize its scale and enhance its quality while showing great resilience in the first six months of 2023 under the backdrop of shrinking external demands. Currently, China has 214 trade partners worldwide.

BEIJING, Aug. 6 (Xinhua) -- The index tracking the development of Chinas bulk commodity market edged down in July, but logged better performance in terms of off-season consumption, industry data showed. The China Bulk Merchandise Index stoo

Above the Cap With international oil prices climbing above the $80/bbl mark recently, so have the prices for Russian oil, with many indicators suggesting that levels are now above the price cap. According to Reuters calculations, Urals pric

Concordia Maritime AB (publ) (Concordia Maritime) has entered into an agreement for the sale of the product tankers Stena Premium and Stena Progress. The sale will generate a liquidity supplement of approx. MSEK 100. Stena Progress(65,200 d

On August 3, Xingtong Shippingdisclosed in its 2023 SemiAnnual Report that it plans to build two 25,900 dwt foreign trade chemical tankers and one domestic trade LPG ship, and is negotiating with relevant shipyards cooperation matters. Accor

Copenhagen, Denmark A.P. Moller Maersk (Maersk) reports a second quarter of 2023 ahead of expectations, while the ongoing market normalisation continued through the quarter leading to lower volumes and lower rates. Revenue stood at USD 13.0

Introduction The strength of the Chinese economy and sanctions imposed on Russian oil have been key factors in determining demand trends for LPG, Bulker and Crude Tanker markets in 2023. Using VesselsValue AIS derived indicators and Trade d

Russian seaborne crude oil export volumes have remained strong and grew 13% y/y in 2022 despite the invasion of Ukraine. However, after a 4% m/m fall in June, volumes fell another 16% m/m in July, and the Russian administration has announce