Shipping finance markets for the rest of 2023 look positive, with a depth of lenders, banks, leasing houses and alternative credit funds all seeking to grow their portfolios and offer the best terms to win projects. Competition between lend

On May 19, China MerchantsEnergy Shipping issued the Announcement of the Resolution of the 22nd Meeting of the Sixth Board of Directors. The announcement disclosed that the board of directors ofCMES agreed to build two new generation of ene

South Korea, a rival with China in global shipbuilding, recently issued a new round of initiatives to support its industry, including more government investment in new technologies, expanded foreign-worker programs and new financial support

Secretary for Transport and Logistics addressing last years ALMC The Secretary for Transport and Logistics Lam Sai-hung today (19 May), signed a Memorandum of Understanding with the Guangzhou Port Authority on maritime development, exchange

Economic Headwinds In early April, the OPEC+ coalition madea surprise decision to implement fresh productioncuts, withconcerns over theglobal economy and banking crisis being cited as one of the reasons behind the cut. Oil prices rallied as

Qingdao Shipyard signed a shipbuilding order for four 82,000DWT bulk carrierswith internationally renowned shipownerSeatankers, and there are four ships waiting to be signed. This is another international shipbuilding order after206,000dwt

Southeast Asia is a renewable boom waiting to happen. With rising demand and a near-untapped alternative energy market, the region has the opportunity to become a leader in sustainable fuels and reduce its hydrocarbon dependency. Southeast

Oslo, 15 May 2023 - A new report from DNV and Lloyds List Intelligence, Maritime safety trends 2012-2022: Advancing a culture of safety in a changing maritime landscape, found a surge in the number of safety incidents involving machinery da

Box throughput at the Port of Hong Kong in April saw its steepest year-on-year decline on record. The Kwai Tsing terminals and mid-stream operators recorded a total throughput for the month of April total 1.255m teu, reflecting a decrease o

[Photo/VCG] Two bodies were found on Thursday afternoon after a Chinese deep-sea fishing vessel capsized on Tuesday in the Indian Ocean with 39 crew on board, the Ministry of Transport said on Thursday. Nine Chinese vessels and one foreign

On May 17, Guangzhou Yuanhai Automobile Shippingsigned an overseas strategic cooperation agreement with PWLShippingGmbHCo.KG (PWL), marking the official entry ofYuanhai Automobile Shippinginto the EuropeanPCTC market together with professio

The Shanghai Shipping Exchange has recently released the Global (Main Trades) Overall Schedule Reliability Indexin April. The schedule reliability of COSCO SHIPPING Lines and OOCL, the subsidiaries of COSCO SHIPPING Holdings, reached 77% an

China has launched an emergency response after a Chinese deep-sea fishing vessel capsized on Tuesday in the central Indian Ocean, and search and rescue work is underway, the Ministry of Transport said on Wednesday. The incident occurred at

Brussels, 17 May 2023 Trade and business representatives stand ready to work with all EU institutions to make the customs union a driver of future competitiveness for the EU. From a liner shipping industry perspective, the undersigned trade

Carrier Transicold will unveil its sustainable and electric temperature-controlled transport units at the Brisbane Truck Show. Alongside the all-new Syberia eCool, Eco-Drive 30T, Xarios 6 and Vector HE 17 systems, the companys flagship Vect