Asian shipping is expressing more confidence in the new year than its global counterparts, according to the latest Confidence Survey issued by international accountant and shipping advisor Moore Stevens. While confidence levels overall fell

Spot rates for shipping containers from Asia to northern Europe in the week ending Friday jumped 7.5 per cent to US$832 per TEU, according to the Shanghai Containerised Freight Index (SCFI). Asia-Mediterranean trade rose 4.2 per cent to $82

Periodic surveys and inspections of ships are carried out to ensure the safety and seaworthiness of vessels. With maritime laws becoming more stringent with each passing year, sea-going vessels have to go through a series of inspections in

1.A subsidiary of Qingdao Port Group (QPG) has signed a long-term lease deal with Petrobras for four crude tanks at the Chinese port, signalling further longhaul tanker trades between China and Brazil. 2.Chinas most advanced manned submersi

COSCO Shipping will add a call to Port Tampa Bay on its Gulf of Mexico Express (GME) transpacific service, with the first vessel, the 4,250-TEU Cosco Piraeus, scheduled to arrive in Tampa on January 28. The revised port rotation for the GME

This year 52 containerships, equating to 94,000 teu, have been sold for demolition. Last year the numbers were 141 containerships for 398,500 teu in the same period. The opening of the expanded Panama Canal in 2016 led to a difficult time f

Predicting the future is a difficult task under any circumstance, but it has become even harder this year given a range of political disturbances. However, we cannot help but notice a few recent developments that make us think that Q1 next

The Singapore Maritime Gallery will host its inaugural exhibition Sampan Girl Smiles, a showcase jointly curated by the Royal Museums Greenwich (RMG) and the Institute of Ancient Chinese Ships (Ninghai Maritime Museum). Sampan Girl Smiles e

Wuhan Shipping Exchange has launched three Yangtze River shipping indexes, namely WSCFI (Wuhan Shipping Container Freight Index), CCSFI (China Coal Shipping Freight Index) and CARPI (Changjiang Automobile-roro Prosperity Index), to promote

1.East Chinas Fujian province plans to further facilitate cross-border trade by boosting port clearance efficiency and lowering costs.It aims to slash average clearance time in half by the end of 2021,and implement the charges catalogue sys

Chinas most advanced manned submersible Shenhai Yongshi or Deep Sea Warrior reached a milestone on Wednesday as it completed its 100th dive in the southwestern part of the Indian Ocean. In its most recent mission, Shenhai Yongshi dived for

Here at VesselsValue, were getting pretty excited about Christmas, and not just because our Christmas party is today. Saying that, were less excited about the inevitable New Years hangover waiting for us around the corner To keep us (and yo

Apart from the Belt and Road Initiative, there are many major development projects in the Mainland China, one of which being the International Land-Sea New Trade Channel which was officially renamed recently. The Channel aims at enhancing c

1.The Chinese Ministry of Transport issued a notice to ensure the safety and security of maritime transportation of LNG. Namely, the notice requires all relevant actors to?implement safety measures for LNG transport and improve?supervisions

1.China Ministry of Transport (MOT) issued a document of the domestic emission control area regulation from 1 January 2019 in the prescribed waters. 2.The Port of Shanghais November container throughput fell 1.9 per cent year on year to 3.5