Hong Kong-listed intra-Asia liner operator SITC has issued a profit warning for fiscal 2022 as early indications within the unaudited results suggest a net profit in excess of US$1,900m. The current figure compares with US$1,167.2m profit e

The Baltic Exchanges dry bulk sea freight index dropped to its lowest level in more than two years on Thursday, pressured by slowing demand for capesize and panamax vessel segments. The overall index, which factors in rates for capesize, pa

Hamburg, 02/02/2023:As China reopens after three long years of Zero-covid policy, early Lunar New Year and COVID infections kept the overall market bearish, but the January months global container trading and leasing data from Container xCh

Mitsui O.S.K. Lines, Ltd. announced that it has obtained Approval in Principle (AiP) from Bureau Veritas, a French classification society (President, Marine Offshore: Matthieu de Tugny); Head office: Paris, France, for the basic design of a

TOKYO, Feb 2, 2023 - (JCN Newswire) - Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI) Group company based in Yokohama, has recently completed a conceptual study for an ammonia bunkering vessel capable of supplying amm

According to China State Shipbuilding Corporation Limited, on February 1, China State Shipbuilding Corporation Limited announced Mr Wen Gang as the Chairman, Secretary of the Party Committee of China State Shipbuilding Corporation Limited.

LONDON, 19th January 2023: Clean technology company Silverstream Technologies has signed an agreement with CSSC Jiangnan Shipyard Group Co. Ltd to supply its market-leading air lubrication technology, the SilverstreamSystem, on the newbuild

Pacific International Lines (PIL) introduced a new weekly direct service connecting the key ports of Thailand, Philippines and Singapore. The new service, known as Thailand Philippines Straits Service (TPS), will commence on 15 February 202

China has successfully applied a newship bunkeringmode on the Jiangsu section of the Beijing-Hangzhou Grand Canal on Tuesday by replacing external mobile fuel tanks of two 5,000-ton LNG-powered cargoships, according to the China National Of

A liquefied natural gas (LNG) carrier built by Samsung Heavy Industries [SAMSUNG HEAVY INDUSTRIES] Samsung Heavy Industries (SHI) has bagged a 609.7-billion-won ($496.4 million) order to build two liquefied natural gas (LNG) carriers for an

China remained the worlds leading shipbuilder in 2022, grabbing the largest market share and making breakthroughs in high-end ship models. The country topped the globe in three major indicators contributing 47.3 percent of global output, re

Tangshan Port in Hebei province achieved a cargo throughput of 768.87 million metric tons last year, the second-highest volume in the world, Hebei Daily reported on Tuesday. The ports annual cargo throughput increased by 6.43 percent year-o

Despite falling 1.1% m/m in both November and December, US retail sales volumes remain 13% above 2019 levels and 6% higher than the pre-COVID trend. However, sales volumes could return to trend during 2023 and thereby pose a risk for Asia t

Global energy and commodity price reporting agency Argus today launched the worlds first independently assessed price for ship fuel that includes a biofuel component. The new B24 daily assessment reflects the market value of bunkers as ship

The commercialization of autonomous shipping has taken another step forward with the Korean Register (KR) and Liberian Registry (LISCR) awarding Approval in Principle (AiP) on 31 January for Hyundai Intelligent Navigation Assistant System (