SITC Cagayan / Source: VesselFinder SITC International Holdings, the holding company of Hong Kong-based intra-Asia carrier SITC Container Lines, has announced that its net profit went up by 67% on-year in 2022, to US$1.9 billion. The Hong K

China will pay more attention to the research and development of techniques and equipment used for deep-sea mining, according to a senior researcher in the countrys shipbuilding industry. Deep-sea mining has become a new frontier of interna

The Chinese-built MSC Tessa, the worlds largest containership, was officially delivered on Thursday to MediterraneanShipping Company SA (MSC), which will operate the vessel on the worlds busiest freightshipping route between Ningpo port in

Energy saving and environmental protection will be the main development direction for Chinas containershipbuilding, said a containershipengineer on Thursday. Shanghai-based Hudong-ZhonghuaShipbuilding (Group) Co. Ltd. delivered a vessel wit

Why do an aging fleet and tightening environmental regulations present a golden opportunity for short sea shipping operators? This article looks at three compelling considerations that could give operators the edge when looking for the perf

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