On May 31, Yang Ming Marine Transport Corp. (Yang Ming) and HD Hyundai Heavy Industries Co., Ltd. (Hyundai Heavy Industries) signed a new shipbuilding contract en bloc for five 15,500 TEU LNG dual fuel container vessels. The signing was con

Oslo and Paris, 31 May 2023. Marlink, the smart network and digital solutions company will support shipmanager Thenamaris in its digital business transformation with the integration of Starlink within its smart hybrid network. Thenamaris is

The ocean freight industry saw a slump in global long-term rates of unprecedented proportions in May, as the contracted cost of shipping containers dived by 27.5%. The development, detailed by Xenetas Shipping Index (XSI), marks the ninth c

SINGAPORE, May 31, 2023 Reflecting the growing use of controlled atmosphere (CA) technologies to maintain quality of fruits and vegetables over extended shipping times, Pacific International Lines (PIL) has successfully transported its firs

Chinas largest roll-on roll-off automobile terminal has witnessed the strong growth trend of the countrys automobile exports this year. Chinese car manufacturers exported 1.494 million vehicles in the first four months, up 76.5 percent year

Washington, Brussels and Singapore, 30 May 2023. The Methanol Institute (MI) has published the first comprehensive guide to methanol as a marine fuel. As the shipping industry continues its transition towards net carbon neutral operations,

OnMay 26, China State Shipbuilding Corporationannounced that its wholly-owned subsidiary Shanghai Waigaoqiao Shipbuildingplans to acquire 34.97% of Shandong ShippingCorporation for 4.7 billion yuan and become its second largest shareholder.

[Photo:Eni] Rome-Genoa, 29 May 2023 -RINA, an international company specialising in inspection, certification and engineering consultancy, and Eni have signed an agreement to jointly develop initiatives that can contribute to the energy tra

Hamburg, 29 May 2023:With Germany recording a recession this year, the demand for goods is expected to slow down in the coming peak season, contributing to a global trade slowdown. The further decline in consumer spending in the coming mont

Most routes fluctuate steadily, and freight rates of the India and Pakistan route continue to rise Ningbo Containerized Freight Index: In the week ending May-26, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (

A mass of orders for 82000DWT bulk carrier Recently, shipowners ordered massive 82000DWT bulk carriers. According to the official news, Qingdao Shipyard Co., Ltd.has signed an order with Seatankers Group of Norways John Fredricksenrecentlyt

On May 26, 2023, China Merchants Energy Shipping signed two construction contracts for two 175,000m3 largeLNG carriers and two 115,000dwt Aframax crudetankerswith Dalian ShipbuildingIndustry and China Shipbuilding Trading. The LNG carrier s

Shri Sarbananda Sonowal, Union Cabinet Minister for Ports Shipping Waterways and Minister of Ayush visited Indian Register of Shipping Head Office at Mumbai on 25th May 2023 and reviewed the work being undertaken by the organisation. Honble

CARLSBAD, Calif., and LONDON, May 25, 2023   Viasat Inc . , a global communications company, and Inmarsat, a leading provider of global mobile satellite communications services, today announced that the European Commission (EC) uncondit

Capesize The capes started the week off at a relatively sluggish pace in both the Atlantic and Pacific regions. However, over the course of the week, there was a considerable uptick in the level of activity. We had all the three majors fixi