24 March 2023 Every year, 241 million containers are transported across the seas with over 7 trillion dollars worth of food, clothes, electronics and other goods we all need. While crucial for the smooth functioning of the global supply cha

Simpson Spence Young (SSY), the worlds largest independent shipbroker, has today announced that maritime expert Justin Wang will join the global SSY LNG team as a ship broker, effective from April 2023. Based in Beijing, Wang will be the fi

The drafting team tasked with the revision of BIMCOs suite of ship management and related third-party management agreements met in London last week to continue discussions on the revision of SHIPMAN, the widely used standard ship management

Chinas rail-sea intermodal trains have made 25,000 trips along the New International Land-Sea Trade Corridor. A cargo train carrying 74 containers of imported goods departed from the Qinzhou port station in south Chinas Guangxi Zhuang auton

The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday buoyed by a rebound in rates of the larger capesize vessel segment. The overall index, which factors in rates for capesize

The Hong Kong Economic Trade Office, supported by the Marine Department, held a reception at IMO on 15 March to promote Hong Kong as an international maritime centre. Addressing to the audience, the Director-General of the London ETO, Gilfo

The shipping industry has a crucial impact on the development of human society, not only because ships carry more than 80 percent of global trade by volume and more than 70 percent by value, but also because of its potential impact on clima

After more one year of practice and enhancement, BoxPlus now is announcing that the COA UDM_PLUSAPI standards launched at the end of year 2022 is successful, workable and productive to serve the customers by establishing a data bridge betwe

Adam Parnell Chirp, Dirk Van de Velde CINS, John Beckett ICHCA, Mark Lefebvre CINS, Patrick Hicks COA. Cargo Incident Notification System (CINS), Confidential Human Factors Incident Reporting Programme (CHIRP), Container Owners Association

The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, extended losses on Wednesday and marked its biggest one-day fall since mid-February due to weaker demand for larger vessels. The overall in

Procureship, provider of one of the worlds leading e-procurement platforms for marine buyers and suppliers, has partnered with fellow Greek company Oriani to further expand the digitialisation efforts of Greek shipping companies. Oriani adv

Reaching 116.1 million tonnes, Chinese refineries output hit a new high for the first two months of the year. Increases in exports and domestic transportation demand, following higher export quotas and the lifting of COVID restrictions, are

Chinas foreign trade has gotten off to a good start this year, with an upbeat trend to follow, a customs official said on Monday. The number of containers for export has been rising since late February, Yu Jianhua, head of the General Admin

The technology group Wrtsils successful and highly efficient Wrtsil 31 diesel engine is being upgraded for higher power output than ever before. The upgraded version delivers an increased power to size ratio within the same physical footpri

On March 20, China Development Bank Financial Leasing announced that it plans to acquire two LNG carriers from GasLog for $284 million. Two wholly owned companies of China Development Bank Financial Leasing acted as the buyer, with the sell