CMA CGM is pleased to announce that it will be enhancing its existing China India Express (CIX) service that connects Asia with the Indian Subcontinent region. The CIX enhancement will see Xingang and Pusan being added as its ports of call,

Tonnage providers have suffered the most so far, as they were left with many of the idle ships. Demand is showing signs of improvement, though, during a recession, it will be a long and drawn-out recovery. Demand drivers and freight rates T

High deliveries and low contracting have left the orderbook at multi-year lows, but with the poor outlook the current influx of new dry bulk ships orders is not what is needed. Demand drivers and freight rates The biggest story in the dry b

Huarun Dadong Dockyard has started to carry out the LNG refit project of Hapag -Lloyds 15000TEU ultra large container ship Sajir, which is the worlds first dual-fuel conversion project of ultra large container ship. On August 31, container

Bank of Communications Financial Leasing (BCFL) once again investing in container ships. Bocomm Leasing has signed a chartering contract with Sinokor Merchant Marine for four ships belonging to this South Korean shipping company. This also

The Baltic Exchanges main sea freight index fell for a ninth straight session on Tuesday as rates slipped across all vessel segments. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for ca

The PMA has revised MN 03/2020 issuing version 3 making a clear stand, a date of cessation to the grant of extension to the SEAs initially done to take into account of the COVID-19 restrictions imposed worldwide making crew changes in parti

Only China bucks this trend with record-high crude oil imports, benefiting from the low oil price. Given the global recession and lower transport demand, however, the tanker industry is set for some challenging months. Demand drivers and fr

Brookes Bell, the leading international multi-disciplinary marine, scientific and technical consultancy, has been contracted by Norwegian Cruise Line to deliver its innovative software solution SRtP Onboard across its Breakaway Plus class o

Huge stimulus packages have so far been enough to prop up some parts of the economy. However, these are not magic pills, and, with the virus still spreading, a global recovery is some way off. Overview Many nations across the world recorded

On September 7, CNOOC announced that Li Yong was appointed director, general manager of CNOOC, and removed from his position as deputy general manager of SINOPEC. Mr. Li previously served as vice president and party member of SINOPEC. After

The Baltic Exchanges main sea freight index fell to its lowest in more than a month on Monday, as rates slipped across vessel segments. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for

China exported 36.6 million tonnes of steel products over this years January-August period, according to the latest statistics of Chinas General Administration of Customs (GACC) published on September 7. The decline in the eight-month total

UAE based Engineering firm Aries Marine has announced their achievement of a major milestone with the completion of 1000 retrofit engineering projects. Aries Marines specialised division providing environmental and sustainable solutions to

Chinas rail coal shipment reached 140 million tonnes in August, showed data from rail authorities. Coal stocks at Chinas key power plants could cover up to 23 days of use. Cargo delivery by rail in China grew 7.3% year on year to 308 millio