Shipping companies are facing an added concern with the increasing demand for electric vehicles. Fires onboard vessels can have catastrophic consequences, and battery fires are extra potent and dangerous. Li-ion batteries generate extreme h

The freight rate of many routes rose, and the increase of the composite index expanded Ningbo Containerized Freight Index: In the week ending Mar-24, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes

The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities fell on Monday, pressured by lower shipping rates for all vessel segments. The overall index, which factors in rates for capesize, panamax a

SVBs collapse and continued increased lay-off of jobs in the USA could have a negative impact on consumer markets. Fortunately, Chinas consumers rebounded back after the release of all covid restrictions, especially since a new government w

CSSC announced on March 24 that its holding subsidiary Guangzhou Shipyard International intends to acquire 51% of the equity of GSI ZhongshanShipping Marine Engineeringheld by CSSC Investment and Development, with a purchase price of 702 mi

COSCO and SHI have received the worlds first D-INF(S) type approvals from DNV for their data collection systems. The D-INF rules provide guidelines for the design, construction, and maintenance of a ships data infrastructure. By implementin

Revolutionizing Container Shipping with Advanced IoT Sensors and Cloud-based Technology Indonesias leading shipping company, Meratus, has unveiled its latest innovation, SMARCO-Smart Container, to meet the growing demand for more efficient

HONG KONG, Mar 27, 2023 - (ACN Newswire) - Chu Kong Shipping Enterprises (Group) Company Limited announced its annual results for the year ended 31 December 2022. During the Year, benefited from the improved profitability of its terminal lo

Green and low-carbon transition is one of the hot topics at the China Development Forum (CDF) 2023. Vincent Clerc, CEO of Danish shipping giant Maersk, said the company will no longer order any ships running on traditional carbon-based fuel

WinGD will supply 10X92DF-M methanol-fuelled engines to four 16,000 TEU container vessels to be built for COSCO SHIPPING Lines at COSCO Shipping Heavy Industry (Yangzhou) Co. Ltd. These vessels will be delivered from 2025 and will feature W

On March 24, A.P. Moller-Maersk (Maersk) announced that the company has signed a Memorandum of Understanding (MOU) with Shanghai International Port Group (SIPG) on strategic cooperation for Shanghai Port methanol marine fuel project. The tw

After a break of 1,152 days, Shanghais international cruise terminal greeted its first batch of cruise passengers in preparation for a cruise trip on Sunday, marking the resumption of the citys cruise terminal as a home port for cruise trav

Chinasshipbuilders are ramping up production of car carriers to keep up with racing demand in the worldwide market. For internationalshipbuilders, specialist car carriers are a relatively niche market, and in the recent past only a handful

Onboard CO2 Capture Carbon capture and storage (CCS) is not a novel concept. Many of the early facilities were developed to be a direct source capturefrom power generation or gas processing plants with CO2 storage sites nearby (with first o

A tanker with Wind-Assisted Ready and HVSC-Ready ABS notations, one of six LNG fuel ready sister ships with eco-friendly design delivered to Capital in 2023. Piraeus, Greece, March 24, 2023.Capital Ship Management Corp. (Capital) took succe