CIMC Wetrans, the logistics unit of Shenzhen-based energy and chemical equipment maker China International Marine Containers (Group) Co Ltd, has set up its Asia headquarters in Singapore as part of its efforts to expand its global footprint

Wrtsil plans to further focus on end-to-end voyage optimisation and to move part of Voyage business activities to Portfolio Business Following the announcement in October 2022, Wrtsil has integrated the Voyage business into Wrtsil Marine Po

Chinese shipbuilders are making inroads in the emerging pure car and truck carrier (PCTC) market, with a leading shipbuilder accounting for 27 percent of global sales, the Shanghai Securities News reported on Tuesday. State-owned giant Chin

14 February 2023 Swedish system integrator METS Technology has, together with main contractor -VARVET AB, decided on EST-Floattechs new Octopus Series battery system for the retrofitting of the MS Hamnen. METS Technology focuses on developi

Two container vessels collided on the Long Tau river in southern Vietnam on 11 February. The two ships and many containers were severely damaged. The 2,038 TEU Wan Hai 288 and the 920 TEU Resurgence are the two involved vessels. A number of

China plays a crucial role in assisting the global economy in overcoming current economic challenges and achieving higher growth rates, an Egyptian economist has said. The Chinese economy is always working on finding structural development

In the recently published results of a safety campaign by International Maritime Pilots Association (IMPA) it is noted that as withprevious years the 2022 safety campaign highlights persistent non-compliance. IMPA considers that the require

Chinas auto exports continued to maintain a good momentum as auto companies exported over 300,000 vehicles in January alone, an increase of over 30 percent year on year, of which new energy vehicles increased by over 48 percent year on year

The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to a one-week high on Monday as capesize vessels segment logged its biggest single-day gain since mid-December. The overall index, whi

The Importance of Coral Reef Ecosystems Coral reefs support a large diversity of marine life and hold enormous ecological, economic, and cultural value to hundreds of millions of people around the world, providing valuable ecosystem service

2023 could see the most anticipated recession in history: Soaring inflation, aggressive rate hikes and the rising cost of living continue to cause demand destruction and could tip the world economy into a recession in 2023. There is a stron

Genoa, 13 February 2023- RINA, the international classification society, has today announced the signing of a Memorandum of Understanding (MoU) with ABB. The MoU focuses on establishing a collaborative relationship with the aim to develop n

13 February 2023 (LONDON)-Oil Companies International Marine Forum (OCIMF) and the inland navigation sector with the support of the Central Commission for the Navigation of the Rhine (CCNR) have collaborated with other European organisation

Capesize It has been a relatively quiet week, with a mild degree of adjustments from both basins. The average of the 5 Capesize timecharter routes eventually broke the $4,000 threshold on the last day of the week, pricing at $4,033, which i

Shandong Port Group (SPG) held a ceremony for the start, resumption and operation of 48 key construction projects in Rizhao city on Feb 6. Projects serve asmajorpropellers of port transformation andarethe cornerstoneforboosting the high-qua