Taipei, Jul. 28, 2022 Wan Hai Lines Ltd. held an appreciation ceremony for the delivery of WAN HAI 296 and the completion of 2,038 TEU series containerships today (July 28). Due to the COVID-19 pandemic, a physical ceremony was replaced by

Martin Fruergaard, chief executive of Pacific Basin Hong Kongs Pacific Basin Shipping, a leading player in the minor bulks sector, netted US$465.1m net profit for the first six months of 2022, a record result for the company. In the first h

Global coatings pioneer Nippon Paint Marine has added a new anti-corrosive universal primer to its E-Marine range of paints. E-Marine 2000 is the Japan-headquartered companys first general-purpose epoxy primer manufactured in China for the

From July 2022 Vitol Bunkers has extended its bunkering services to Jebel Ali (the largest container port in the Middle East) and to Port Rashid Cruise Terminal, Dubai. This represents another step by Vitol to address the supply requirement

At 3 PM on July 27, the State Council Information Office P.R.C held a press conference. At the meeting, Zhang Jianhua, director of the National Energy Administration, introduced that on the domestic front, the overall security and stability

July 28, 2022 Oslo, Norway Despite another slew of rises in long-term contracted ocean freight rates across key global trade corridors, month-on-month growth is slowing - and spot rates continue to weaken suggesting prices may have peaked.

Tekmar Group has secured a contract to supply 100 cable protection systems (CPS) for use on multiple offshore wind farms in Chinas Shangdong and Guangdong provinces. The contract value is GBP 1.6 million (approximately EUR 1.9 million) and

OnJuly 26, the delivery ceremony of 4000 HP LNG powered stand-by ship HAI YANG SHI YOU 543/548 and PH121H offshore supply vessel GUO HAI MIN XIANG was held in Qidong, Jiangsu Province. So far, the project of two types of eight LNG powered s

Chinas offshore wind power development is on the rise as the country prioritizes new energy capacity to support its green transition, experts said. Chinas offshore wind power is embracing a window of opportunity for development. With an est

On July 22, China State Shipbuilding Corporation Limiteds 2022 State-owned Enterprises Open Day was launched in Beijing. It is understood that in the Open Day activities, 25 media will visit CSSCs member companies, which is located in Hulud

X9575, a freight train, having departed from Chongqing in Southwest China, arrived at the Qinzhou Port East Station in South Chinas Guangxi Zhuang autonomous region on Monday. Loaded with goods such as auto parts, chemicals and Chinese pick

On July 27th, SUNRISEWAY, a 158,000 DWT Suezmax crude oil carrier built by CSSCs China Shipbuilding Trading and Shanghai Waigaoqiao Shipbuilding for Singapore shipowners Eastern Pacific Shipping Pte. Ltd. (EPS), was delivered. The vessel is

On 21 June 2022 the UK government imposed further trade restrictions against Russia under The Russia (Sanctions) (EU Exit) (Amendment) (No. 14) Regulations 2022 which amend The Russia (Sanctions) (EU Exit) Regulations 2019 (the Regulations)

On 22 July, Russia and Ukraine signed an agreement with Turkey and the United Nations to allow grain exports from three ports in western Ukraine: Yuzhne, Chornomorsk, and Odesa. Combined, the three ports accounted for 65% of the countrys to

The Baltic Exchanges main sea freight index fell for the third straight session on Wednesday, hitting a two-week low as rates across vessel segments declined. The overall index, which factors in rates for capesize, panamax and supramax ship