The Shanghai Containerized Freight Index (SCFI) succumbed to a three year low, depreciating 2.3% this week to end at US$1,006, just a tad above the three digits quote. Its counterpart on the Shanghai Shipping Exchange (SSE), the China Conta

Import and export volumes for Tianjin reached a historical high last year, rocketing 21 percent to 2.01 trillion yuan ($298 billion) the first time it has exceeded the 2 trillion yuan level according to local customs authorities. Exports su

A challenge for shipowners and their insurers engaged in international trade is to ensure that a common set of guidelines or standards for ship related liabilities apply across the different trading nations. Several IMO liability and compen

Wait and See This week, the Joint Ministerial Monitoring Committee (JMMC) of OPEC+ held a virtual meeting where they agreed to maintain current production levels. This comes after their announced output cut in October 2022 of 2 million bpd

The US Environmental Protection Agency has indicated that new federal discharge standards for vessels will be published in autumn 2024, some four years after its original deadline. In the meantime, the agency has seemingly strengthened its

Accelleron has secured a Turbo UptimeCare agreement with power generation solutions and service provider, Martin Energy Group, which becomes the first provider of this type of turbocharger maintenance package in the United States. Martin En

Hong Kong-listed intra-Asia liner operator SITC has issued a profit warning for fiscal 2022 as early indications within the unaudited results suggest a net profit in excess of US$1,900m. The current figure compares with US$1,167.2m profit e

The Baltic Exchanges dry bulk sea freight index dropped to its lowest level in more than two years on Thursday, pressured by slowing demand for capesize and panamax vessel segments. The overall index, which factors in rates for capesize, pa

Hamburg, 02/02/2023:As China reopens after three long years of Zero-covid policy, early Lunar New Year and COVID infections kept the overall market bearish, but the January months global container trading and leasing data from Container xCh

TOKYO, Feb 2, 2023 - (JCN Newswire) - Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI) Group company based in Yokohama, has recently completed a conceptual study for an ammonia bunkering vessel capable of supplying amm

LONDON, 19th January 2023: Clean technology company Silverstream Technologies has signed an agreement with CSSC Jiangnan Shipyard Group Co. Ltd to supply its market-leading air lubrication technology, the SilverstreamSystem, on the newbuild

Pacific International Lines (PIL) introduced a new weekly direct service connecting the key ports of Thailand, Philippines and Singapore. The new service, known as Thailand Philippines Straits Service (TPS), will commence on 15 February 202

Despite falling 1.1% m/m in both November and December, US retail sales volumes remain 13% above 2019 levels and 6% higher than the pre-COVID trend. However, sales volumes could return to trend during 2023 and thereby pose a risk for Asia t

Global energy and commodity price reporting agency Argus today launched the worlds first independently assessed price for ship fuel that includes a biofuel component. The new B24 daily assessment reflects the market value of bunkers as ship

The commercialization of autonomous shipping has taken another step forward with the Korean Register (KR) and Liberian Registry (LISCR) awarding Approval in Principle (AiP) on 31 January for Hyundai Intelligent Navigation Assistant System (