One Month On With the refined products price cap now in place for just over a month, the changes in trade flows as a result are stark. Many longer haul voyages are yet to be completed, but this only points to a clear trend of Russia being f

Oslo, 10 March 2023. An industrial scale concept for a floating production unit to produce green ammonia has secured Approval in Principle (AiP) from DNV, affirming the technical feasibility of the design. The project is now ready to start

The ABS Chairman, President and CEO underscored the pivotal role of shipping in driving the global clean energy transition in a series of appearances at the energy industry conference CERAWeek. Christopher J. Wiernicki told the annual gathe

Ammonia, hydrogen, ethane and Dimethyl Ether (DME) are among the alternative marine fuels which may need future regulatory work. This assessment is the result of a regulatory mapping exercise conducted by the Alternative low- and zero-carbo

Cosco Shipping Bulk signed a strategic cooperation framework agreement with Tianyuan Manganese Industry Group on March 7. Cosco Shipping Bulk is the largest and professional bulk shipping corporation in the world, with more than 400 various

Yang Ming Marine Transport Corporation (Yang Ming) held its 382nd Board Meeting today (9) to approve the annual financial report for 2022. The Company set a new record by achieving consolidated revenues of NTD 375.9 billion (USD 12.61 billi

On March 3, 2023, Yang Xianxiang, Vice Chairman and CEO of SITC International, Xue Mingyuan, president of SITC Shipping Group and Lai Zhiyong, president of SITC Logistics Group visited Dalian Maritime University and had a discussion with Su

China remained the most important partner for German seaports in container traffic in 2022, accounting for more than one-fifth of the countrys container throughput, the Federal Statistical Office (Destatis) said on Thursday. A total of just

Hempel joins the International Maritime Organization (IMOs) Global Industry Alliance (GIA) for Marine Biosafety to work with industry to support shippings emissions reduction pathway and to mitigate against the spread of invasive species. K

Hyundai Samho Heavy Industries Co. and HJ Shipbuilding Construction Co. (HJSC) have respectively ordered seven and two MAN BW G80ME-LGIM dual-fuel engines in connection with the construction of 9 9,000 teu container vessels for HMM Co., the

The Baltic Exchanges main sea freight index rose to an 11-week high on Thursday as rates across larger vessel segments extended gains, led by capesize vessel segment. The overall index, which factors in rates for capesize, panamax, and supr

The build-up of empty containers at Chinese ports and lower oceanshipping costs should be taken as positive signs instead of hints of slumping global trade, according to senior Chinese trade analyst Gu Xueming. Gu, who is director of the Ch

Brazils soybean harvest is behind schedule due to heavy rain with exports down 31% y/y in the first two months of 2023. But despite the slow start, Brazil is headed for a record harvest and a sharp increase in exports during the coming mont

Wrtsil receives first CCS-Ready scrubber order, further propelling maritime decarbonisation. The technology group Wrtsil has received its first order for carbon capture and storage-ready scrubber systems - CCS-Ready scrubbers - the company

Exports have provided strong support for Chinas economy, and the country needs to continue to focus on the role of exports in economic growth. Especially in 2022, due to multiple factors both at home and abroad, exports contributed more tha