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

Growing international demand for local electric car models sees export numbers surge Chinese carmakers are seeing their popularity rise in overseas markets, which may push the countrys vehicle exports to a new high this year following a sur

The Lujiazui Financial City Council in Shanghai, China, and the Association of Banking and Financial Executives of Hellenic Shipping signed a strategic cooperation agreement on shipping finance during an online event held on Friday. Under t

At about 0250 hrs on 11 February 2023 (Singapore time), the Maritime and Port Authority of Singapore (MPA) Marine Safety Control Centre was alerted that a harbour pilot from PSA Marine (PSAM) had fallen overboard while disembarking from a t

The Wind of Change In recent years we have paid close attention to the new 650kbd Dangote refinery currently under construction. The project was initiated nearly a decade ago and was originally scheduled to come online in 2019. However, as

Nantes, France, 10 February 2023. Classification society DNV has awarded an AiP to Michelin for their WISAMO wing sail system. This is the first AiP to have been awarded to an inflatable wing sail design and is currently being installed for

ABS Wavesight, an ABS-affiliated company, has been selected to provide greenhouse gas (GHG) and Sea Cargo Charter reporting services to Chevron Shipping Company (CSC). ABS My Digital Fleet (MDF), ABS Wavesights flagship platform, will be us

The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday, as gains in the panamax segment were countered by a decline in capesize rates. The overall index, which factors in rates

Xeneta has taken the first step in a campaign to identify the carrier industrys best and worst environmental performers across the worlds 13 leading shipping trades. With the help of the Carbon Emissions Index (CEI), a unique tool from Xene

The Maritime and Port Authority of Singapore (MPA) and the Vietnam Maritime Administration (Vinamarine) signed a Memorandum of Understanding (MoU) today to enhance maritime and port cooperation between Singapore and Vietnam. The exchange of

Marine battery manufacturer AYK Energy is reinforcing its position as one of the sectors prime innovators after signing a new deal with Holland Shipyards Group (HSG) to supply the zero-emission container vessel the FPS Waal. AYK Energy foun

Skuld today announced its continued commitment to sustainable shipping by signing the Poseidon Principles for Marine Insurance. The Poseidon Principles for Marine Insurance are a global framework for assessing and disclosing the climate ali

Chinas total cargo throughput was up by 3% yoy in 4Q22, while foreign trade cargo declined by 1% yoy at eight major coastal ports, mainly due to continued weakening overseas demand, says Fitch Ratings. Total container throughput increased 7

The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped its five-day losing streak on Wednesday, as gains in the capesize segment offset a decline in rates for smaller vessel segments. Th