The current situation in the global shipping industry is complex, as container rates are experiencing a significant decline, with contract rates moving closer to spot rates. This trend is evident in different regions, such as China and Sout

Driving Force Chinas dramatic shift awayfrom its strict zero covid policy at the end of 2022 defied expectations of a gradual reopening over the course of 2023. Inevitably fuel demand is now projected to grow strongly over the course of 202

The Start of the Maritime Silk Road Building Global Connections Opening of New Berths and New Routes COSCO SHIPPING✖Quanzhou Shihu Port enter the era of Large Ships and Large Ports On February 15th, the opening ceremony of the new berths

In recent years, Gard has handled a number of claims involving the carriage of scrap metal in bulk and, from time to time, we get enquiries from Members for guidance on the handling and carriage of this cargo. Ship operators and masters sho

The latest data from Xeneta reveals a fundamental shift in the container market, with a rapid closure of the once gaping divide between long-term and spot rates on the worlds leading trade corridors. Xenetas crowd-sourced data paints a star

Chinas largest crude oil commercial reserve project, located in Dongying, East Chinas Shandong province, started commercial operation on Thursday according to operator China National Offshore Oil Corp, Chinas top offshore oil and gas drille

Eastern Pacific Shipping and Value Maritime install first-of-its-kind fully integrated carbon capture solution onboard MR tankerM/T Pacific Cobalt The pioneering project is a first for ocean-going vessels to date and aims to pave the way fo

The Qingdao Qianwan Container terminal (QQCT), a unit of Qingdao Port, recently set a new global vessel productivity record of422.38moves per hour while handling MaersksLatin America service vesselMAERSK SALINA. This wasthe second time QQCT

Ocean Network Express (ONE) announced the Israel Express (ILX), a new weekly Israel shuttle service, connecting Israel to the hub of Damietta, Egypt. This new shuttle service was created in response to the growing demand for both import and

The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to a near three-year low on Thursday on waning demand for capesize and panamax vessel segments. The overall index, which factors in ra

During a recent webinar , speakers from the LR Maritime Decarbonisation Hub and Safetytech Accelerator discussed their new report Tracing the true carbon intensity of sustainable marine fuels which highlights how innovative technologies cou

Swiss marine power company WinGD has launched a pilot project for a new engine diagnostics solution that is tailored to greatly simplify engine maintenance for crew and fleet managers. The enhancement to WinGDs engine monitoring and remote

London, 16February 2023 -Maritime and commercial law firm, Tatham Co., has been boosted by the arrival of seasoned solicitor and Master Mariner Paul Haworth, joining as a senior member of the legal team. Haworth, who is experienced in all a

Visitors to Nor-Shipping, 6-9 June 2023, will be able to get a taste of the USA, as the Oslo and Lillestrm based event week looks to boost exhibitor numbers from across the Atlantic with a revamped U.S. Pavilion. Exhibition specialist Kallm

First CTV Operation inside Japan by the NYK Group On February 15, NYK has concluded a time charter contract with Siemens Gamesa, the world-leading provider of wind power solutions, for a crew transport vessel (CTV)* for an offshore wind pow