On December 8, the Third CLS ESG Summit Forum and Transcendence Awards of 2022 were held at the Shanghai Greenland Convention Center. ESG refers to Environment, Social and Governance, which assesses the sustainability of business operations

Qinzhou Port in South China handled 100.55 billion yuan ($14.42 billion) of goods imported and exported via the New International Land-Sea Trade Corridor in the first 11 months of this year, an increase of 98.9 percent year-on-year, said lo

The global liquid petrochemical freight market is facing price hikes in 2023 as charterers continue challenging negotiations with shipowners over the cost of affreightment contracts or COAs for the coming year, market participants said late

On December 20, China Merchants Energy Shippings Changshenghong, carrying about 3,000 commercial vehicles of domestic automobile brands such as Chery, Geely, SAIC, Changan and Yutong, set off from Shanghai Port tothe Red Sea, marking the of

Shanghai, 22 December 2022 - RINA has announced the Approval in Principle (AiP) of the first very large crude carrier (VLCC) vessel using an innovative propulsion arrangement that reduces the ships resistance by 5-10%. This result is achiev

December 23, 2022, Shanghai, China. Wison (Nantong) Heavy Industry Co.Ltd has signed with Eni a major EPCIC contract for the delivery of a FLNG facility. The floating liquefied natural gas (FLNG) facility has been designed to produce a name

The BIMCO CII clause has been developed to help address the commercial complexities of the CII regulation entering into force on 1 January 2023. The regulation was adopted at the IMO despite attempts by the industry to point out the potenti

CNOOC NWS Private Ltd has played an active and unique role in promoting communication and cooperation between Australia and China in the liquefied natural gas industry and contributing to local communities and job opportunities in Australia

The Baltic Exchanges dry bulk sea freight index fell on Thursday, marking its biggest one-day percentage loss in five weeks, as demand waned across all segments. The overall index, which factors in rates for capesize, panamax and supramax s

BIMCO is revising its popular suite of ship management and related third-party management agreements to reflect current practices in the market. First in line is SHIPMAN 2009, BIMCOs standard form ship management agreement that may include

As partner of the Dutch-based Hudig Veder Group, Hartel Shipping Chartering, has awarded Holland Shipyards Group for the delivery of three newbuild MPP coasters of 3.800 DWT. The new vessels, designed by Conoship, measure 89,42 m by 13,20 m

Signal Ocean looks at the outlook for crude oil freight fundamentals amid the geopolitical crisis Demand - Freight Rates - Vessel Speeds - Supply 2022 saw a record boom in crude and product tanker freight rates. Geopolitical tensions betwee

The year ended in somewhat anti-climactic fashion for long-term ocean freight rates, with the latest data from the Xeneta Shipping Index (XSI) showing a decline of just 0.1%. Following on from a steep 5.7% month-on-month fall in November, a

To improve connectivity to key markets in the Middle East, Pacific International Lines (PIL) is pleased to announce thefurther enhancement of its Gulf China Service (GCS), with the addition of Hamad Port in Qatar to the existing calls to Je

Pacific International Lines (PIL) is pleased to announce that it has made its first delivery of fresh avocadoes to Singapore from Australia using its latest 40 high cube Controlled Atmosphere (CA) refrigerated (reefer) containers. The batch