The Maritime and Port Authority of Singapore (MPA) today announced the formation of the Global Centre for Maritime Decarbonisation (GCMD) in Singapore and its leadership team with effect from 1 August 2021. Set up with a S$120 million fund

The dry bulk shipping market entered the traditional peak season in the third quarter. Driven by the capesize vessel, the Baltic Dry Index (BDI) rose for 4 consecutive days. On July 26, BDI rose by 11 points to 3,210 points, an increase of

With the continuous development of the shipping industry, high-tech accidents such as cyber attacks are not uncommon now. How to avoid and cope with such issues are undoubtedly of importance. Xinde Marine News has an interview to Mike Konst

On July 27, Bohai Shipbuilding Heavy Industry of DSIC held a christening ceremony for BERGE BOBOTOV, a 210,000 DWT bulk carrier built for Berge Bulk (Singapore). On July 28, the ship was successfully signed and delivered. Since 2006, Bohai

Container ship chartering prices have reached new highs. Under the current sky high freight rates, even a small ship may earn millions of dollars in one voyage. According to the data released by Harper Petersons, a 2741 TEU container ship w

When will the container capacity crunch finally ease? For an early indicator, keep an eye on production of the humble 40-foot dry cargo box. If the volume and cost of new containers pull back, supply chain pressures are abating. Unfortunate

4ocean, a purpose-driven B Corp with a mission to end the ocean plastic crisis, is pleased to announce their partnership with Poralu Marine, a global leader in marine- grade technologies, on the launch of the BeBot in the United States, an

DNV, the worlds leading classification society and risk management expert,is embarking on an instrumental role inhelping to facilitate safe crew changes amid South East Asias COVID crisis as anauditor in the multi-party backed CrewSafe prog

As more large and very large container ships enter the major trade lanes of the world, the opportunity exists for liner operators to optimize vessel utilization, operational efficiency, and maximize voyage profitability. However, the risks

CSSC (Hong Kong) Shipping Company Limited announced that it is expected that the consolidated profit (unaudited) attributable to the companys equity holders for the six months ended June 30, 2021 will increase by approximately 30% compared

At 11:33 on July 27, the first 1800TEU container ship (CHB2001) built by Zhoushan Changhong International was officially delivered. The 1800TEU container ship was built by Zhoushan Changhong International for Malaysian shipowner MTT shippin

Dalian coke futures rose for a third straight session on Tuesday to hit an 11-week peak, while coking coal scaled a new contract high, underpinned by concerns over supply of the steelmaking inputs in top steel producer China. The most-trade

The Baltic Exchanges main sea freight index snapped four sessions of gains on Tuesday due to lower rates in the capesize and panamax vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels carr

In response to Indian media reports on the 25th that China had banned Indian seafarers from entering the country, on July 27, Foreign Ministry Spokesperson Zhao Lijian stated that China has never imposed the so-called unofficial ban. Releva

Global, sector-focused law firm HFW advised Chinese shipbuilder Shanghai Shipyard on a UK Court of Appeal win relating to a US$170 million payment under a shipbuilding contract. The Court of Appeal overturned an April 2020 decision from the