On October 28, MAERSK SONIA, the 115,000DWT crude/ product carrier built by Dalian Shipbuilding Industry for Maersk Tankers successfully signed and delivered. The ship has excellent fuel-saving performance and cargo carrying performance. It

On October 21, 2021, Jiangsu Dajin Heavy Industry, a wholly-owned subsidiary of Bestway MarineEnergy Technology, and China Shipbuilding Trading signed a cooperation agreement on the export of six 5,200dwt multi-purpose ships that came into

Ocean carriers remain in pole position in negotiations forlong-term freight contracts, with high demand, port congestion, and supply chain disruption driving further rates increases.According to the Xeneta Shipping Index (XSI) Public Indice

The State Council, Chinas cabinet, has released an action plan to peak carbon dioxide emissions before 2030. The plan puts forward Chinas main objectives for the 14th Five-Year Plan period (2021-2025) and the 15th Five-Year Plan period (202

The Baltic Exchanges dry bulk sea freight index dropped for a sixth straight session to its lowest in seven weeks on Thursday, pressured by weaker demand across all vessel segments. The overall index, which factors in rates for capesize, pa

Paul Anastas, a Yale professor and pioneer in developing non-hazardous chemicals, wins the 2021 Volvo Environment Prize, one of the worlds most respected scientific environmental awards. The research of Paul Anastas is revolutionizing the c

Brazilian and Australian iron ore shipments have eased over the past few weeks. Brazilian exports last week were at the slowest pace since May, a sign that the best is likely behind us for this year. Consequently, iron ore utilization of Ca

On October 27, CIMC officially released the performance report for the third quarter of 2021. The report shows that from January to September 2021, CIMC achieved an operating revenue of 118.242 billion yuan, a year-on-year increase of 85.94

On October 26, 2021, China Crews Remuneration index released by Shanghai Shipping Exchange closed at 1458.19 points, an increase of 119.95 points over the previous period. The current senior seafarers remuneration index closed at 1382.60 po

The International Maritime Organization (IMO) and Singapore have selected the Port of Lobito (Angola) for a pilot project to establish an efficient digitalized system for electronic exchange of information in ports for ship clearance. The S

On the morning of October 25th, the 82,000-dwt bulk carrier OCEAN FAVOUR built by New Yangzi Shipbuilding under Yangzijiang Shipbuilding Group for Hong Kong Yuanhang Group was christened and delivered. The ship left the factory in the early

Nor-Shipping has confirmed that the Third International Ship Autonomy and Sustainability Summit will take place as part of Nor-Shipping 2022 on 12 January. The day-long summit, which focuses on the very latest technological, business and re

On October 26, ZhongGu Logistics released its third-quarter performance report. In the third quarter, ZhongGu Logistics achieved operating income of approximately 3.1 billion yuan, a year-on-year increase of 13.65%; Realized a net profit at

Torqeedo today announced the promotion of Tommi Salonen to vice president sales, Europe, Middle East and Africa (EMEA) and Asia-Pacific (APAC). Salonenis now responsible for expanding sales and driving growth while developing Torqeedos reta

Maritime transportation constitutes an important part of international trade and is the least energy-intensive mode of cargo transportation. It accounts for about three-quarters of the total global freight transport activities, but its ener