The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday, weighed by weakness in the capesize and panamax segments. The overall index, which factors in rates for capesize, panamax

Optimarin is establishing a manufacturing base in China to boost the availability of its well-proven ballast water treatment system (BWTS) for the Asian shipbuilding market as it also targets further retrofits of the existing fleet. The lea

UBS plans to acquire Credit Suisse. The combination is expected to create a business with more than USD 5 trillion in total invested assets and sustainable value opportunities. It will further strengthen UBSs position as the leading Swiss-b

On March 16, GuangzhouShipyardInternational, a subsidiary of CSSC, successfully signeda shipbuilding contract for three 8,600CEU dual-fuelPCTCs with a well-known Asian shipowner. This is GSIs second batch order of the same type of ship afte

The freight rate of some routes rose, and the composite index stopped falling and stabilized Ningbo Containerized Freight Index: In the week ending Mar-17, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE)

Introduction Ahead of the Capital Link Annual International Shipping Forum in New York, we assessed the impact of Carbon Intensity Indicator (CII) on the global fleet using VesselsValue data. CII is becoming increasingly influential in the

A Memorandum of Understanding (MoU) has been signed by the International Maritime Organization (IMO), the Ministry of Climate and Environment of Norway, and the Maritime and Port Authority of Singapore (MPA), with the intention to collectiv

Shandong Port Group(SPG)and Hebei Port Group(HPG)signed a strategic agreement on comprehensively deepening cooperation in Qingdao, Shandongprovince,on March 9. Based on the agreement, both groups plan to share mutual advantages, enhance the

Paris March 20th, 2023.GTT is announcing the creation of a new brand, Ascenz Marorka. It results from the collaboration of its two pioneering subsidiaries in the digitalisation of the maritime industry: Ascenz, a Singaporean company with an

Experts at Inmarsat, a world leader in global, mobile satellite communications, have successfully connected the companys I-6 F1 satellite to new ground stations in Western Australia. It marks a crucial milestone as the company upgrades its

Australia is continuing to move forward with a crackdown on poor performers in the maritime industry, announced the Australian Maritime Safety Authority (AMSA) issuing a ban to a Dutch-flagged general cargo ship, the second such action of 2

Copenhagen, Denmark:A.P. Moller - Maersk (Maersk) has reached an agreement with A.P. Moller Holding, the parent company of the A.P. Moller Group, for an intended divestment of Maersk Supply Service (MSS), a leading provider of global offsho

Chinas average daily coal imports from Russia rose in the first two months of 2023 compared with December, boosted by strong restocking demand as Beijing lifted its zero-COVID regime, but logistics bottlenecks still capped shipments. Arriva

The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up on Monday as rates for the larger capesize vessel segment rebounded. The overall index, which factors in rates for capesize, panam

The latest Shanghai Containerized Freight Index (SCFI) was 909.72 points, up 3.17 points or 0.3% from the previous week. The latest report fromShanghai Shipping Exchange shows that after a period of adjustment in Chinas export container tra