The Crown 63 series bulk carrier CL DENGSHA HE, built by New Dayang Shipbuilding for CDB Leasing, left the shipyard on January 20 for its maiden voyage. The vessel is the sixth of New Dayangs Crown 63 series bulk carriers chartered and buil

After a bumpy 2020, an end to the equipment shortage is in sight. A positive trend of the Container Availability Index, with values of 0.34 for 20DCs and 0.37 for 40DCS, could make Chinese New Year the turning point. Container xChange Janua

In December 2020, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 169.85 points,up 5.41% from the previous month and up 13.34% year-on-year; the export trad

A new time charter sanctions clause specifically designed for the container shipping sector has been published by BIMCO. The BIMCO Sanctions Clause for Container Vessel Time Charter Parties 2021 is part of an initiative to create a library

Tanker shipping was in many ways the odd one out of the shipping sectors in 2020; at the start of the pandemic, the market was strong, only to finish off the year in the doldrums, while the other sectors stayed profitable. Even a demand boo

The cost of shipping goods between China and Europe has soared with pandemic lockdowns fueling an online shopping boom, and a shortage of empty transportation containers and port staff available is disrupting global trade. Shipping containe

Chinas gasoline exports to Australia shot up to 70,000 mt in December 2020, almost double the shipments in the same month a year earlier and marking a big spike from the zero cargoes in November, detailed data released by the General Admini

Chinas raw coal production increased by 0.9 percent year on year in 2020, while its coal imports augmented 1.5 percent, statistics from the National Bureau of Statistics (NBS) revealed. A total of 3.84 billion tons of raw coal were manufact

Turkey launched diplomatic efforts to find crew members that were kidnapped after a pirate attack on a Turkish cargo ship off Nigeria, according to diplomatic sources. Turkeys President Recep Tayyip Erdogan held a telephone conversation wit

DNV GL has awarded an Approval in Principle (AIP) to Korea Shipbuilding and Offshore Engineering (KSOE) for a wing-sail auxiliary propulsion system for ships - the result of a joint research project between KSOE and SK Shipping. The virtual

The Maritime and Port Authority of Singapore (MPA) has suspended the licence of pleasure craft, ADVANT, for 30 days, for an incident on 26 December 2020 in the vicinity of Lazarus Island. MPAs preliminary investigations revealed that the nu

Since 2019 Brazil has become the top crude exporter in Latin America, with crude shipments (for all producers) reaching a record 1.4 million b/d last year. Further growth is likely, with Petrobras announcing its plans to double the companys

Members who transit the Persian Gulf, Gulf of Oman, Gulf of Aden and Red Sea should note that earlier this month, a tanker conducting STS operations in the Persian Gulf reported a limpet mine attached to the hull of the vessel, which was re

On January 20, Nantong Xiangyu signed 1+1 shipbuilding contracts with Ningbo Juhe, Chizhou Jiuhua, and Guangxi Jinhang, respectively. The 79900DWT bulk carrier jointly developed by Nantong Xiangyu and Shanghai Bestway Marine Engineering Des

Chinas Sanlin Shipyard has built and delivered a new harbor tug for the Port of Shanghai. The Robert Allan Ltd.-designed workboat Hai Gang 501 will be used by Shanghai Harbor Fuxing Shipping Service Company for berthing and unberthing in ha