On July 22, Shanghai Waigaoqiao Shipbuilding signed and delivered the second 114,000DWT Aframax crude carrier SEA URCHIN built for PTM in Greece. SEA URCHIN was independently designed by Waigaoqiao Shipbuilding, with a total length of 249.9

On July 23, China Shipbuilding Trading, successfully undertook a new project to build 2+2 210,000DWT bulk carriers for a well-known European shipowner, jointly with Qingdao Beihai Shipbuilding Heavy Industry. The contracted ship type adopts

The Panama Maritime Authority, in collaboration with the Ministry of Foreign Affairs of Panama, have renewed the Agreement on Maritime Transport between the Government of the Republic of Panama and the Government of the Peoples Republic of

On July 23, Guangzhou Shipyard International, China Shipbuilding Trading and CMB Financial Leasing signed the project of two 16000TEU container ships. This project is the first batch of 6 16000TEU super vessels undertaken by Guangzhou Shipy

Transportation demand remained high, the composite index continued to rise Ningbo Containerized Freight Index: In the week ending Jul-16, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 3567.6 poin

Another week of static rates on the whole in this sector. In the Middle East rates for 280,000mt to US Gulf (routing via the Cape/Cape) remains at the WS18-18.5 level while rates for 270,000mt to China are stuck at around WS31.5 (showing a

OPEC Agreement? So, after several weeks of behind the scenes talks and political wrangling, the OPEC+ alliance has once again found a way forward in its quest to manage oil supply. The disagreement centered on production baselinesfrom which

On July 22, China Shipbuilding Trading and Dalian Shipbuilding Industry signed a contract to build a 155,000DWT shuttle tanker with Shanghai Northsea Shipping. The contract is the second vessel ordered by Northsea Shipping under the 1+1 155

In the second quarter of 2021, Chinas Shipbuilding Capacity Utilization Index (CCI) was 706 points, an increase of 138 points from the second quarter of 2020, a year-on-year increase of 24.3%; An increase of 54 points from the first quarter

On July 22, the worlds first airborne SCR marine low-speed engine CSSC WinGD X52, independently developed by China Shipbuilding Power (Group), a subsidiary of CSSC, and built by Dalian Marine Diesel (DMD), was officially launched to the wor

This marine notice provides information to ship owners, operators and masters about the Focused Inspection Campaign(FIC)onsafety of navigationwhich will runfrom 1August2021 to30September 2021. The purpose of the FIC is todetermine the: leve

Leading survival technology provider, Survitec, has relaunched its lifeboat inspection solution underpinned by the companys novel Hub and Spoke network model. Lifeboat Inspection 402, devised in line with regulations mandated in 2020 under

Stena RoRo has ordered two new ships from the Chinese shipyard CMI Jinling (Weihai). These are the 11th and 12th Stena E-Flexer vessels in the RoPax class developed by Stena RoRo and delivery is slated for 2024 and 2025. At the same time, l

MarineMax, Inc., the worlds largest recreational boat and yacht retailer, today announced results for its third quarter ended June 30, 2021. Revenue grew 34%, or over $168 million, to $666.3 million for the quarter ended June 30, 2021 from

The experiences of operating during the Covid-19 pandemic and the challenges this has created have prompted a review of the BIMCO Infectious or Contagious Diseases Clauses (the IOCD Clauses). What is the balance to be struck between owners