The Shanghai Containerized Freight Index and the China Containerized Freight Index have dropped by respectively 81% and 72% since January last year. Yet, they remain higher than in 2019 despite a worsening supply/demand balance, says Niels

Hengli Heavy Industry Group Hengli Heavy Industry Group(hereinafter referred to as Hengli) has got another order for four kamsarmax, after signing an order for four same carriers on May 12 th . The contract signed recently between Hengli sh

[Photo: Global Times] A capsized Chinese deep-sea fishing vessel sank on Wednesday in the Indian Ocean, with seven bodies recovered so far and 32 missing, the Ministry of Transport said on Wednesday. The vessel sank at 2 am. Seven vessels c

Market drivers have created a significant opportunity for Wallem to grow a specialised area of business, according to Capt. Anurag Mathur, Managing Director, Commercial Services, Wallem Group. Capt. Anurag Mathur, Managing Director, Commerc

The Maritime and Port Authority of Singapore (MPA) previously updated that the Maritime Rescue Coordination Centre (MRCC) Singapore received information from the master of tanker MS ENOLA on 1 May 2023 at around 1600 hrs that they had rescu

Oslo, 23 May 2023: A subsidiary of KCC has entered into a Letter of Intent (LOI) with Jiangsu New Yangzi Shipbuilding Co. Ltd (YZJ) for construction of three third generation (CABU III) vessels for delivery in the period Q1-Q3 2026. The mod

One of the worlds biggest emitters of greenhouse gases, India aims to cut emissions to net zero by 2070, and the shipping minister said three of its ports would initially have bunker facilities for green hydrogen and ammonia. The initial po

SAN RAMON, Calif. and DENVER, Colo., May 22, 2023 Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with PDC Energy, Inc. (NASDAQ: PDCE) to acquire all of the outstanding shares of PDC in an all

Economy: Chinas imports and exports are softening after the first quarters strong recovery from the reopening of covid-19 lockdown, and weak Chinese demand pushed iron ore prices to a low level. Interest rates raised to one of the highest l

On May 18, Xiamen ITGHolding Groupannounced a plan to issue additional A-shares to unspecified parties, raising 3.7 billion yuan of funds, of which 604 million yuan will be used for the construction of six 6,000dwt dual fuelbunkering ships

Lausanne, 23rdof May 2023 -Daphne Technology has obtained a license from Saudi Aramco Technologies Company, a wholly owned subsidiary of Aramco, to further develop and commercialise its mobile carbon capture (MCC) technology. Aramcos advanc

2023 has seen a much more cautious start for the dry bulk market than what we have experienced over the past 2 years. Cargo volumes have held up surprisingly well overall, but the net increase in tonnage supply has surpassed demand. While d

WISTA International, the leading organization empowering women in the maritime industry, is proud to announce the official ratification of its Committee chairs for the term 2023-2024. The endorsement was unanimously approved during todays E

BERGEN, Norway, May 23, 2023 ScanReach, a global leader in wireless connectivity at sea, is pleased to announce the permanent appointment of Sven Brooks as Chief Executive Officer, effective immediately. Sven brings with him a wealth of kno

Oslo and Paris, 23 May 2023.Marlink, the smart network and digital solutions company, will install the Starlink LEO service for Athens-based ship manager Polembros Shipping. A Marlink partner for many years, Polembros will extend its digita