Containers await shipping at a port in Xiamen, Fujian province. [Photo by WANG XIEYUN/CHINA DAILY] Chinas foreign trade grew by 4.8 percent on a yearly basis to 9.89 trillion yuan ($1.44 trillion) in the first quarter of 2023, data from the

Technology group Wrtsil, along with Norway based Hegh LNG and other partners, Institute for Energy Technology (IFE), University of South-East Norway, Sustainable Energy and BASF SE have received funding of approximately EUR 5.9 million from

London and Kuala Lumpur 13 April 2023: The ICC International Maritime Bureau (IMB) calls for continued, robust and coordinated regional and international naval presence to act as a deterrent to prevent and respond to piracy. The ICC Interna

Global diesel and gasoil floating storage volumes have been rising steadily since the beginning of the war in Ukraine. Currently about 15.6mbbls are held on ships, which is 95% higher than the weekly average for April 2022. The increase in

[Photo:Seacon ShippingGroup] Seacon ShippingGroupannounced that on April 12, 2023, the buyer Seacon Shipping Pte. Ltdentered into two shipbuilding contracts with the seller HuanghaiShipbuilding, with a total consideration of US$83.16 millio

Despite the collapse in freight rates, shipowners still have an appetite for new container ship orders and the order book has continued to grow. The record high order book of 7.54 million TEU will result in significant changes to the contai

At the Connecticut Maritime Associations conference in Stamford in mid-March, Thomas gave a keynote speech which was reported on by Lloyds List. In the keynote, he said that the coming year will be pivotal for the shipping industrys decarbo

Columbia Shipmanagement (CSM) shows commitment to innovation and cutting-edge technology with trial of new internet service Starlink, created by technology disruptor Elon Musk. Leaders in innovation, the ship management arm of the Columbia

On April 12, the first ship KAVAFIS of the 114,000 dwt Aframax product tanker series built by Shanghai Waigaoqiao Shipbuilding,a subsidiary of CSSC, for ENESEL S.A. of Greece was signed and delivered. This is also the 50th Aframax tanker th

Shandong Port Land-sea International Logistics Group Company launches its first overseas logistics center in the city of Pyeongtaek,inSouth Korea. [Photo/WeChat account: Shandong-Port] Shandong Port Land-sea International Logistics Group Co

On April 6, in the presence of the heads of state of China and France, Chairman of COSCO SHIPPING Mr. Wan Min, Chairman, CEO of CMA CGM Mr. Rodolphe Saad and Chairman of SIPG Mr. Gu Jinshan signed the Memorandum of Understanding on Cooperat

Two of Hong Kongs most high profile maritime personalities have joined forces to create a home-grown ship leasing firm. The latest ship leasing firm in Hong Kong is to be led by Kenneth Lam and Sabrina Chao, the co-founders of SeaKapital Li

Singapore, 12 April 2023, 12 PM, SGT The Global Centre for Maritime Decarbonisation (GCMD) is pleased to award its concept study on offloading liquefied CO2 (LCO2) captured onboard ships to Lloyds Register, supported by their partner Arup.

Oslo and Paris, 12 April 2023.Marlink Group company Telemar has deployed its digital remote access technology to support the fleet operations of Fratelli dAmico Armatori as part of a long term maintenance agreement. Using its remote trouble

On April 11, Tianjin Port released the performance forecast for the first quarter of 2023, showing that the net profit in the first quarter of this year is expected to increase by 92.12%-122.86%. According to the Tianjin Port announcement,