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

Bermuda Maritime Operations Centre reported containers loss from container ship MSC SHRISTI some 350 nm east of Bermuda. Some 45 empty containers fell overboard on 3 different occasions, in rough weather. According to track and AIS records,

The Baltic Exchanges main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose for the 14th straight session on Wednesday powered by gains in the capesize and panamax vessel segments. The overall index, which

With both extraordinary Inmarsat-6 satellites in space, Inmarsat has taken the next major step on its journey to cater for Maritimes future connectivity needs. I-6 F2, the second of two state-of-the-art Inmarsat-6 satellites, launched on 17

Jeff Woyda International Transport Intermediaries Club (ITIC) - a mutual insurer which provides professional indemnity cover for transport intermediaries operating in the marine, offshore, renewable and aviation industries - has appointed J

Coach Solutions, a leading provider of maritime data solutions, and Veracity, the independent maritime cloud platform from DNV, have partnered to deliver an automated data verification process for their joint customers. Together, the partne

Ho Chi Minh operational base to support regional growth and offshore energy projects Ho Chi Minh, Vietnam, 08March 2023: Global shipping and logistics provider GAC Group has partnered with SME Logistics Holding to open its first ever office

Highlights Significant weakening of the underlying supply/demand balance with more downsides than upsides. Freight rates, time charter rates, and second-ship values all under pressure throughout 2023 and 2024. Head-haul and regional trade d

Bergen, Norway, 7 March 2023 StormGeo , a leading provider of weather intelligence and decision-support solutions for the shipping industry and part of Alfa Laval, announced today the launch of a new Carbon Intensity Indicator (CII) Simulat

Recently, SunRui has won 9 FGSS orders in succession from well-known global customers such as Oshima Shipbuilding, Guangzhou Shipyard International and Shanghai Waigaoqiao Shipbuilding, further enhancing the global influence of domestic hig

China and Australia trade amounted to 259.7 billion yuan ($37.47 billion) in January and February, with both imports and exports achieving double-digit growth year-on-year, data from Chinas General Administration of Customs shows on Tuesday