USA-based ship tank coating manufacturer Advanced Polymer Coatings (APC) is increasing production after striking a new deal with British marine services providerJames Fisher and Sons plc. The deal will see Ohio-headquartered APC supply its

On July 15, CSSC Qingdao Beihai Shipbuilding held steel cutting ceremony for the 5,500TEU 2# container ship built for CMA CGM. This ship is the second ship in the CMA CGM container ship project, and the commencement of this project marks an

On July 14,An unmanned offshore oil and gas platform has completed installation on the Enping oilfield in the eastern South China Sea, the China National Offshore Oil Corporation (CNOOC) has said. The platform was made by the CNOOC with sta

On 15th July, 2022, Wuhu Shipyard Co., Ltd. inked a deal of newbuilding for up to six units of 14600T Multi-Purpose Heavy Lift Vessels with a reputed German Shipowner, a dedicated player in the field of heavy lifting. The contracts became e

General cargo ship CHANG HE reportedly sank in Indian ocean off eastern Somalia coast, on Jul 15 or 14. 12 crew abandoned the ship, no news on rescue yet. Understood tanker HAFNIA BEIJING (IMO 9856634) interrupted her voyage from Turkey to

A CMA CGM-operated containership has apparently suffered a container loss while crossing the Indian Ocean although the company is yet to provide details. CMA CGM only acknowledged that theAPL Vanda, a 13,892 TEU containership operating betw

Supply-demand relationship remained weak, and the composite index continued to decline Ningbo Containerized Freight Index: In the week ending Jul-15, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes

Yang Ming Marine Transport Corp. (Yang Ming) has welcomed its newest 11,000 TEU class container vessel, YM Tutorial. The vessel is chartered from Shoei Kisen Kaisha, Ltd. and built by Imabari Shipbuilding Co., Ltd. YM Tutorial was named at

The Chineseshipbuilding market has been buzzing this year, with global orders for roll-on/roll off (roro)ships, chemical tankers and liquefied natural gas (LNG) vessels pouring despite disruption caused by the COVID-19 pandemic. In Nanjing,

Shandong Port Group (SPG) issuedits first medium-term note worth 1 billion yuan ($148.25 million) on June 23, which showcases the achievements SPG has made in integration reform in the capital market, and has helpedthe group set up a compre

Gibson Tanker Market Report Taking Stock Back in March we looked at commercial stock developments for both crude and products in the key trading hubs. Whilst the invasion had just begun and therefore not yet had any impact on inventory leve

China held its lead in the global shipbuilding industry in the first half of 2022, with 45.2 percent share of the global market, according to multiple indicators on Thursday. The nations shipyards completed 18.5 million deadweight tons (DWT

CNOOC issued an announcement on the pre-increase of interim results in 2022. The net profit attributable to shareholders of the parent company of CNOOC in the mid-2022 is expected to be RMB 70.5 billion to RMB 72.5 billion, an increase of R

Spot rate developments show fluctuating fortunes for ocean and air freight out of Far East While spot rates are sailing in the right direction for ocean freight from the Far East to the South America East coast, short-term air freight rates

China is expected to have nine of the worlds top 20 container ports by the end of this year, according to a forecasting report released by the Chinese Academy of Sciences (CAS). Among the top 20 ports, the Shanghai port will have the most t