China doubled its purchases of Urals oil in the first half of February compared to the same period of January amid more attractive pricing and as Chinese demand rebounds after COVID-related lockdowns, according to traders and Refinitiv Eiko

The spot price of iron ore is being pushed higher in a pincer move of stronger Chinese demand and lower supply from the worlds two biggest exporters of the steel raw material. The spot price of benchmark 62% iron ore for delivery to north C

The Baltic Exchanges main sea freight index, climbed to the highest in more than a week on Tuesday as shipping rates for all vessel segments increased. The overall index, which factors in rates for capesize, panamax and supramax shipping ve

The slightest deviation in the machining, polishing, and finishing of ships propeller blades could result in underwater radiated noise and cavitation, even if defects are within the maximum tolerance allowed by classification societies and

Squire Patton Boggs (SPB) has partnered with The Baltic Exchange to provide a vessel sale purchase (SP) transaction closing service for the global shipping industry. The service will be led by SPBs 30 strong Commodities Shipping Group co-ch

Wuchang Shipbuilding Industry Group, a subsidiary of China State Shipbuilding Corporation Limited, signed a strategic cooperation agreement with Shanghai Merchant Ship Design and Research Institute (SDARI) in Shanghai on Feb 17. The two sid

St. Catharines, Ontario, Canada and Middleton, Massachusetts, USA (February 17, 2023) Algoma Central Corporation and The CSL Group, who together form the CSL International Pool, announced a newbuild order with Jiangsu Yangzi-Mitsui Shipbuil

Geneva, Switzerland, 16 February 2023 - The MSC Group and the MSC Foundation have organized an urgent response to support the population in the aftermath of the devastating earthquake inTurkey and Syria. A wide effort is underway across the

Images from biofuel bunkering on MOL Endowment Ocean Network Express (ONE) announced the successful completion of the biofuel trial onboard MOL ENDOWMENT. Drop-in biofuel pilot project Conducted as part of the Global Centre for Maritime Dec

Chinas first cross-border e-commerce express line of the Silk RoadShipping has delivered over 20,000 twenty-foot equivalent units (TEU) of goods, worth more than eight billion yuan (1.17 billion U.S. dollars), since it was launched on June

On 17th February, the Japan Branch of Headway Technology Group, a newly established subsidiary of Headway Technology Group, hosted a seminar themed Low Carbon Future at the Okura Hotel in Kobe, Japan. Several well-known Japanese shipowners,

Launched today from headquarters in the UK, and with offices throughout Europe, Asia and the Americas, NorthStandard, formed through the merger of North and Standard Club, immediately becomes one of the worlds largest providers of mutual ma

Copenhagen A.P. Moller - Maersk (Maersk) has entered into an agreement to divest its logistics sites in St. Petersburg and Novorossiysk to IG Finance Development Limited. Maersk divesting the two sites is a consequence of the companys decis

The supply in the traditional off-season was insufficient, and the composite Index continued to fall Ningbo Containerized Freight Index: In the week ending Feb-17, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange

Renewable methanol is seen as a viable fuel option in accelerating the decarbonization of maritime industries, Methanol Institute CEO Greg Dolan said at methanol industry group IMPCAs conference in Miami Feb. 15. With 80 renewable methanol