Spot rates for shipping containers from Asia to northern Europe in the week ending Friday fell a further two per cent to US$581 per TEU. Asia-Mediterranean rates fell 2.7 per cent to $722 per TEU, according to the Shanghai Containerised Fre

1.Typhoon No. 19 Hagibis landed on the coast of Japan.On 12 October,a general cargo ship named JIA DE carrying Chinese seafarers sank in Kawasaki Port,Japan. 2.The Greek Committee of Planning and Development of Ports (ESAL) confirmed, in it

The laden 45,000MT deadweight tanker had anchored in a bay outside an Asian port. It was late summer and the vessel was waiting for a berth to discharge its cargo. Weather warnings about an approaching typhoon for the area where the tanker

Chinas index of export container transport dipped for the week ending Friday, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) stood at 783.15, down 3.1 percent from a week earlier, according

The operation of a ship is a result of the excellent teamwork of deck and engine department. One cannot run the ship with only engineers on board or for that matter with only deck officers. While the engine department ensures the safe runni

Oil prices rose sharply on Friday, as investors closely watched the latest development of the two explosions that hit Iranian oil tanker in Red Sea, which spurred fears over disruption in crude production in the region. The West Texas Inter

The Liberian Registry has established a full-service office in Imabari, Japan, as part of the continued expansion of its presence in Asia. Liberia has been building up its network of full-service offices and representatives in Asia due to t

1.China was the No. 1 nation by securing 740,000 CGTs in orders to build 30 vessels, or 65 percent of total global orders. Japan took third place with orders totaling 80,000 CGTs for five ships. 2.An Iranian oil tanker stricken by explosion

Chinas polar icebreaker Xuelong 2 has made all-round preparations for its first Antarctic expedition to begin on Oct. 15 in close cooperation with Xuelong 1 to better fulfill research missions. In the extremely cold polar areas, human bodie

The Hong Kong Maritime Arbitration Group has chosen eight founding full members and appointed its new five-member committee. The eight founding full members are maritime arbitrators including four arbitrators from the shipping industry and

Lets agree to disagree here but recycling ships are an inevitable part of the shipping industry. It directly facilitates in maintaining the favorable supply-demand balance of the tonnages and provides a solution for the shipowners to get a

Contary to popular belief, the trend towards corporate consolidation in international shipping benefits the customer by providing economies of scale, China Cosco Shipping Corporation executive vice president Wang Haimin told the annual TPM

1.China Cosco Shipping Corporation executive vice president Wang Haimin said Carrier costs are down, its up to logistics to cut expensest at TPM Asia conference in Shenzhen this week. 2.SMM estimates that 83 vessels carrying 13.8 million mt

Given Hong Kongs importance as a premier arbitration centre for the region it is appropriate that no less than three of the events at this years Hong Kong Maritime Week (HKMW) dispute resolution as their theme. But ahead of HKMW there has b

The Baltic Exchanges main sea freight index, which tracks rates for ships ferrying dry bulk commodities, jumped on Wednesday, on stronger demand for capesize vessels driven by a seasonal uptick in Brazilian iron ore exports. The Baltic inde