The Baltic Exchanges main sea freight index climbed to its highest in nearly eight weeks on Tuesday, as rising rates for larger capesize vessels offset dips in panamax and supramax rates. The Baltic dry index, which tracks rates for capesiz

Strategic Marine (S) Pte Ltd,has secureda newbuild contract with an Oil Major (Client) to build a purpose designed 12m workboatwithdelivery in the middle of 2021. Strategic Marine won the contract after an international competitive bidproce

On December 21, China State Shipbuilding Corporation and Shandong Marine Group signed a strategic cooperation agreement in Jinan. The two sides started in-depth cooperation in ship business, inland port and waterway development, new energy

Led by COSCO SHIPPING, MARIC under CSSC, together with shipowners, shipyards, classification societies, scientific research institutions, and core system manufacturers, jointly participated in the research and development of the 220,000 squ

Australia forecasts a sharp fall in coal export revenue this year due to Chinas restriction on importing Australian coal, according to official Resource and Energy Quarterly released on December 21. Met coal export revenue is expected to sl

The OPEC+ agreement earlier this month to increase oil supply will mean that downturns in hydrocarbon sectors across the GCC states will start to ease. London-based economic research and consultancy firm, Capital Economics, expects that bre

During the handling operation of the vessel PUTNAM at Qingdao Port Fully Automated Container Terminal of Shandong Port Group (SPG) involved, achieved an average efficiency of 46.7 moves per hour for a single crane, handling 1,032 moves and

The Maritime and Port Authority of Singapore (MPA) is calling for nominations for the Singapore International Maritime Awards (IMA) 2021. The biennial IMA recognises individuals and maritime companies for their outstanding contributions to

On December 18, Ministry of Transport held the 2020 National Ship Inspection Work Conference and announced that in 2021, the electronic ship inspection certificate will be fully promoted. The ship inspection industry has taken multiple meas

Construction of the worlds first 100,000-tonne large-scale fish farming ship started in Qingdao of East Chinas Shandong Province on Saturday, pioneering a new mode of industrial farming with movable fish farms on distant seas. Funded by the

On December 19, 2020, SITC International Holdings and Yangzijiang Shipbuilding successfully held a signing ceremony for the new 2600TEU container shipbuilding project. Following the new shipbuilding signing ceremony in November 2020, SITC I

Decreased capacity of European routes, and composite index rose sharply In the week ending Dec-11, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 2083.6 points, slightly up by 16.1% against last w

The new vessel orders received by Chinese shipbuilders declined 8.7% on year over January-November, with the decline quickening in pace from the 6.6% on-year fall over the first ten months, according to the latest release from the China Ass

The best science fiction script writers from Hollywood could not have come up with the twists and turns that we have experienced during 2020. In a year that was supposed to be dominated by IMO2020, the transition to VLSFO went relatively sm

On December 17, The reorganization of Antong Holdings was successful, which marked the end of the reorganization of Antong Holdings and its two subsidiaries after 12 months. In 2018, A liquidity crisis occurred in Antong Holdings. On August