In a bold strategic pivot, Hong Kong-based Caravel Group, led by the Banga family, has sold two Chinese-built Kamsarmax bulk carriersExplorer Oceania and Explorer Asiafor approximately USD 41 million, exiting the Kamsarmax segment to sharpe

The Global Centre for Maritime Decarbonisation has successfully completed the worlds first maritime pilot demonstrating the full value chain of onboard captured carbon dioxide (CO2) in China on 25 June 2025. The pilot encompassed two phases

Download reports at: NCFI Weekly Index Data 2025 6.21-6.27 Ningbo Containerized Freight Index Weekly Commentary 2025 6.21-6.27 The opinions expressed herein are the authors and not necessarily those of The Xinde Marine News. Please Contact

Fujian Guohang Ocean Shipping (Group) Co.,Ltd. (Stock Code: 833171) has officially announced the establishment of a wholly-owned subsidiary in hashtagSingapore via its Hong Kong-based holding arm, marking a major step in its internationaliz

Diana Shipping Inc. (NYSE: DSX), (the Company), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that through a separate wholly-owned subsidiary, it has entered into a time

These years, as regulatory pressure intensifies and operational demands become more complex, many shipowners are rethinking the way they manage their fleets. Increasingly, they are turning to third-party ship management, a model that promis

On 19 June, the worlds first ship-to-ship liquified carbon dioxide (LCO₂) transfer was successfully completed at the Yangshan Deep-Water Port in Hangzhou Bay, Shanghai. The project was led by Shanghai Qiyao Environmental Technology Co., L

The International Chamber of Shipping (ICS) and European Shipowners | ECSA welcome the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (Hong Kong Convention) entering into force globally today. T

As the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (Hong Kong Convention) enters into force we have updated our estimate for the ship recycling potential over the next 10 years. We now estima

The global shipping and environmental protection sector witnessed a monumental milestone as ZHEJIANG ENERGY MARINE ENVIRONMENTAL TECHNOLOGY CO., LTD (ZEME) surpassed a cumulative global order of 1,000 scrubbers! This achievement marks anoth

Econowind has successfully installed four 16-metre VentoFoils on board the chemical tanker M/T JUTLANDIA SWAN, owned and operated by Danish shipping company Uni-Tankers. The ATEX-proof Wind-Assisted Ship Propulsion units were installed in j

Pacific Basin Shipping Limited (Pacific Basin or the Company, 2343.HK), one of the worlds leading dry bulk shipping companies, today signed a Memorandum of Understanding (MOU) with The Hong Kong and China Gas Company Limited (Towngas)to enh

Guests including Ms Mable Chan (2nd from right, front row), Secretary for Transport and Logistics, and Mr Peter Wong Wai-yee (2nd from left, front row), Towngas Executive Director, and Mr Sham Man-fai (2nd from right, back row), Towngas Chi

bound4blue has underlined the business case for adopting eSAIL wind propulsion technology, with todays release of BVS assessed operational fuel savings on the Louis Dreyfus Armateurs (LDA) owned Ville de Bordeaux ro-ro. The vessel, chartere

Torqeedo, a leading company for electric propulsion systems on the water, will present its latest innovations at the Electric Hybrid Marine Expo Europe in Amsterdam - the Deep Blue 200i motor, an electrically rotatable version of the Deep B