8 August 2023, London: The Association of Panamanian Shipowners (ARPA) has become an associate member of the International Chamber of Shipping (ICS). Launched in 2020, ARPA was created by shipowners and operators of vessels to strengthen Pa

[Photo:DSIC Shanhaiguan Shipbuilding Industry] Recently, the No. 27 ship GOLDEN JOHN, an 85,000dwt ice-areabulk carrierbuilt by DSIC Shanhaiguan Shipbuilding Industry for GOLDEN OCEAN GROUP LIMITED, was delivered. The ship has a total lengt

SAN RAMON, Calif., Aug. 7, 2023 Chevron Corporation announced that its acquisition of PDC Energy, Inc. has been completed following approval by PDC Energy shareholders. Were pleased to welcome PDC Energy into Chevron, said Bruce Niemeyer, C

Transportation demand recovered slowly, freight rates on European route rose and then fell Ningbo Containerized Freight Index: In the week ending Aug-4, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quo

A number of Chineseshipyards are adopting measures to improve the design of green energy-poweredships, in order to reduce greenhouse gas emissions fromships and promote the protection of maritime environment. Someshipyards are shifting thei

Capesize The cape market had a sluggish start to the week but gradually exhibited signs of improvement and positivity as the week progressed. The anticipated momentum in the Pacific fizzled out by the middle of the week despite the presence

Taipei, Jul. 31, 2023 Aiming to further enhance service quality and gain a stronger foothold in the Indian sub-continent, Wan Hai Lines has established its India new office in Kolkata on 17 July 2023. Contact details for the new office are

Ocean Network Express (ONE), a world leader in container shipping, successfully hosted the 2nd Container Shipping Summit in Singapore on 3 August 2023, in collaboration with Anchor Ship Partners Co.,Ltd., and KOZO KEIKAKU ENGINEERING INC. T

On August 3, CSSC Guangzhou Shipyard International and China Shipbuilding Trading jointly named and delivered the 49,500 dwt chemical/product tanker No. 2, which was built for Nanjing Tanker. The ship is also the finale of the 12 MR tankers

Chinas foreign trade managed to stabilize its scale and enhance its quality while showing great resilience in the first six months of 2023 under the backdrop of shrinking external demands. Currently, China has 214 trade partners worldwide.

BEIJING, Aug. 6 (Xinhua) -- The index tracking the development of Chinas bulk commodity market edged down in July, but logged better performance in terms of off-season consumption, industry data showed. The China Bulk Merchandise Index stoo

Above the Cap With international oil prices climbing above the $80/bbl mark recently, so have the prices for Russian oil, with many indicators suggesting that levels are now above the price cap. According to Reuters calculations, Urals pric

Concordia Maritime AB (publ) (Concordia Maritime) has entered into an agreement for the sale of the product tankers Stena Premium and Stena Progress. The sale will generate a liquidity supplement of approx. MSEK 100. Stena Progress(65,200 d

On August 3, Xingtong Shippingdisclosed in its 2023 SemiAnnual Report that it plans to build two 25,900 dwt foreign trade chemical tankers and one domestic trade LPG ship, and is negotiating with relevant shipyards cooperation matters. Accor

Copenhagen, Denmark A.P. Moller Maersk (Maersk) reports a second quarter of 2023 ahead of expectations, while the ongoing market normalisation continued through the quarter leading to lower volumes and lower rates. Revenue stood at USD 13.0