Hafnia, a product tanker company under BW Group, is expanding its fleet through two joint ventures. The company will receive two new medium-sized tankers and exercise the option contract for two LNG dual-fuel LR2 tankers. Vista Shipping, a

The Baltic Exchanges main dry bulk sea freight index eased from a more than 11-year high on Tuesday, but the index notched up its second monthly gain in three due to global shipping constraints and robust demand. The overall index, which fa

China has made great strides in technologies used in salvaging large-tonnage sunken ships, an official with the Ministry of Transport (MOT) said on Tuesday. Key breakthroughs in technologies required to salvage large-tonnage sunken ships -

COSCO SHIPPING Development Co., Ltd. is pleased to announce the consolidated results for the six months ended 30 June 2021 (the Period) today. In the first half of the year, the Company recorded a total operating revenue of RMB12.919 billio

US port congestion hit another record in recent days, putting pressure on bilateral trade between China and the US as Chinese producers and exporters are forced to turn down new orders amid soaring freight rates and container shortages ahea

Following the recent regional outbreaks of Covid-19 in China, various ports have tightened up epidemic control. We have summarized below the current situation at various Chinese ports for your kind reference. General situation Generally, al

Amended Maritime Traffic Safety Law of PRC Increases Penalties for Breaches of Safe Navigation from 1 September 2021 The amended Maritime Traffic Safety Law of China will come into effect on 01 September 2021. It provides a systematic admin

Ship schedule adjustments were limited, and some routes had risen Ningbo Containerized Freight Index: In the week ending Aug-27, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 4000.2 points, sligh

TheMaritime and Port Authority of Singapore (MPA)s Academy welcomes 29 senior maritime and port officials, including port masters, harbour masters and middle management personnel from maritime and port authorities from 23 countries and the

A newly renovated FPSO Carioca MV30 built by Dalian COSCO Shipping Heavy Industry has been put into operation and yielded oil for the first time at an oilfield operated by Brazils Petrobras. The vessel, currently the worlds newest, is the 1

While a continued downward trend in Somali piracy has prompted leading shipping organisations to reduce the geographic boundaries of the High Risk Area for piracy in the Indian Ocean, vessels transiting these waters must remain vigilant and

From January to June 2021, COSCO SHIPPING Holdings realized a net profit attributable to the shareholders of the listed company of RMB 37.098 billion, a significant increase from RMB 1.137 billion in the same period last year. The companys

The Maritime and Port Authority of Singapore (MPA) is organising the 8th run of the International Safety@Sea Week from 30 August to 1 September 2021. Organised annually by MPA for the international maritime community and top practitioners t

As part of the overall plan to strengthen the resilience of the community against COVID-19 and activities in port waters against the pandemic, Singapore will be rolling out the Sea Crew Vaccination Initiative or SEAVAX to allow eligible gro

Three yacht mariners rescued by the crew of CMA CGM T. ROOSEVELT in May 2020. A 25-hour search and rescue operation off the coast of Jamaica led by the CMA CGM vessel and its crew. CMA CGM emphasizes Safety First and solidarity at sea, supp