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

Copenhagen, Denmark:A.P. Moller - Maersk (Maersk) announces the inaugural flight of the logistics companys new air freight service with scheduled flights between Billund, Denmark (BLL) and Hangzhou, China (HGH). The new service is respondin

The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday, weighed by weakness in the capesize and panamax segments. The overall index, which factors in rates for capesize, panamax

Optimarin is establishing a manufacturing base in China to boost the availability of its well-proven ballast water treatment system (BWTS) for the Asian shipbuilding market as it also targets further retrofits of the existing fleet. The lea

UBS plans to acquire Credit Suisse. The combination is expected to create a business with more than USD 5 trillion in total invested assets and sustainable value opportunities. It will further strengthen UBSs position as the leading Swiss-b

The freight rate of some routes rose, and the composite index stopped falling and stabilized Ningbo Containerized Freight Index: In the week ending Mar-17, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE)

Introduction Ahead of the Capital Link Annual International Shipping Forum in New York, we assessed the impact of Carbon Intensity Indicator (CII) on the global fleet using VesselsValue data. CII is becoming increasingly influential in the

A Memorandum of Understanding (MoU) has been signed by the International Maritime Organization (IMO), the Ministry of Climate and Environment of Norway, and the Maritime and Port Authority of Singapore (MPA), with the intention to collectiv

The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up on Monday as rates for the larger capesize vessel segment rebounded. The overall index, which factors in rates for capesize, panam

The latest Shanghai Containerized Freight Index (SCFI) was 909.72 points, up 3.17 points or 0.3% from the previous week. The latest report fromShanghai Shipping Exchange shows that after a period of adjustment in Chinas export container tra

Chinas foreign trade is expected to maintain a consistent growth momentum this year, bolstered by an overall improvement in the countrys economic situation, said Yu Jianhua, minister of the General Administration of Customs at a news confer

Seacon Shipping, a PRC headquartered shipping and ship management services provider is aiming to go global and intends to use a listing on the Hong Kong Stock Exchange to kick start that process. Earlier this week the company said it hopes

Indian Register of Shipping (IRS) has secured an order for providing Quality Assurance (QA) services for Indian Navy submarine during refit. The order is a major win for the classification society and paves the way for a new vertical within

Seoul, 16 March 2023 DNV, the independent energy expert and assurance provider, is assisting KEPCO (Korea Electric Power Corporation) Research Institute in the development of a long-term offshore power grid plan to deliver renewable offshor