By Susanna Lai, managing director at KPI OceanConnect Hong Kong Shippings energy transition is a defining time for the industry. Transformative in how global supply chains operate, with myriad risks for those that fail to adapt, but also gr

Referring to the publication of a mandatory announcement by COSCO SHIPPING Ports Ltd (CSPL) on the Hong Kong Stock Exchange on 6 January 2023, a HHLA spokesperson states: We can confirm that in objective, constructive talks between Hamburge

Stepping into 2023 Whilst 2022 ended with a fanfare, there is now a quieter feel for tanker markets as we step into 2023. The first Baltic Exchange assessments this week showed some notable red on TCE earnings relative to the values recorde

JAKARTA, Jan 7, 2023 - (ACN Newswire) - PT Pertamina International Shipping (PIS) has secured two collaboration agreements with global partners. The signings were held with the inauguration of the PIS branch office in Dubai, UAE (PIS ME) on

Recently, SunRui Marine Environment EngineeringsignedtwoFPSOcathodic protection orders with CIMC Raffles.The cathodic protection project signed this time will serve P80 and P83 FPSOs built by CIMC Raffles for Petrobras, the worlds largest F

Ocean Network Express (ONE) announced that the Maputo/Mombasa India Middle East service (MIM) will increase its sailing frequency from fortnightly to weekly in January 2023. In line with this change, ONE will be deploying our vessels to the

The grounding of the Ever Forward impacted 14 acres in Chesapeake Bay (William Doyle/Twitter) Maryland is requiringEvergreen Marine Corp., operators of the containershipEver Forward(127,000 dwt) that grounded in the Chesapeake Bay in March

Shandongs Yantai city signed a strategic cooperation dealwith Shandong Port Group (SPG) on Jan 2, and both sides plan todeepen cooperation in areas such as the construction of its transportation infrastructureand port-vicinity industries, a

Over the Week 01, MABUX global bunker indices after taking a short pause began to decline. The 380 HSFO index fell by 10.17 USD: from 488.93 USD/MT last week to 478.76 USD/MT. The VLSFO index, in turn, lost 15.60 USD (669.58 USD/MT versus 6

Taiwanese mainline operator Evergreen Marine Corporation has paid its employees generous bonuses of up to 52 months of their salaries, prompting a strike by staff at its affiliated airline EVA Airways. Despite the correction in freight rate

MCLEAN, VA., January 5, 2023- Iridium Communications Inc. (Nasdaq: IRDM)today announced it has entered into an agreement with Qualcomm Technologies, Inc. to enable satellite messaging and emergency services in smartphones powered by Snapdra

The Baltic Exchanges dry bulk sea freight index extended its decline to hit a near four-month low on Thursday, weighed down by weaker demand across vessel segments as shipping activity remained low. The overall index, which factors in rates

The derivatives market for clean and dirty tankers saw increased traded volumes in 2022, according to data released by the Baltic Exchange. Tanker Forward Freight Agreement (FFA) volumes hit 734,972 lots, up 33% on 2021. Dry Forward Freight

Hannes von Knorring, Principal Consultant, DNV Maritime and Sebastian Tamm, Chairman of RSI and Sustainability Logistics Manager at EFO Oslo, 5 January 2023 - DNV and the Responsible Shipping Initiative (RSI), an alliance of Swedish dry bul

Nor-Shipping and YoungShip have announced that the Young Entrepreneur Award 2023 (YEA) is now open for entries, with talented leaders, innovators and executives under the age of 40 set to vie for industry recognition. The global award initi