On April 23, Shanghai Waigaoqiao Shipbuilding, a subsidiary of CSSC, and China Shipbuilding Trading signed a contract with Singapores Sea Consortium for the construction of four 7,000TEU container ships. Singapores Sea Consortium is a subsi

Greek officials say they want to boost investment from China to help the countrys economy recover from the COVID-19 pandemic. An online summit on Thursday brought together businesses from the two nations as Athens looks to play a bigger rol

Chinas index of export container transport went up in the past week ending Friday, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) stood at 1,903.5, up 2.7 percent from a week earlier, accor

The Board of Directors of Orient Overseas (International) Limited has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line on a quarterly basis. This announcement sets out the unaudited operational

Indonesia－Indonesias military on Sunday officially acknowledged there was no hope of finding survivors from a submarine that sank and broke apart last week with 53 crew members aboard, and said search teams had located the vessels wreckag

On April 23, the first ship of IMO Ⅱ chemical tanker project of Shandong Shipping Corporation was successfully completed and delivered. SOLAR SALLY, the first ship of the project, will soon set sail to provide global oil product transport

Shipping was vigorous as the holiday approaches, and the composite index continued to rise Ningbo Containerized Freight Index: In the week ending Apr-16, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) qu

The composite index inched up 0.2% or $8 this week, and also, remains 226.7% higher than a year ago. The average composite index of the WCI, assessed by Drewry for year-to-date, is $5,096 per 40ft container, which is $3,292 higher than the

The Baltic Exchanges main sea freight index climbed on Friday to post its best weekly gain since mid-February thanks to higher demand for capesize vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels

Around 450 maritime leaders and industry professionals from around the world gathered online today to discuss a global approach towards decarbonisation and digitalisation of the maritime industry at the Future of Shipping Conference (FOSC).

On17 Apr 21,two incidentsoccurred to ships while underway offTanjung Pergam, Bintan Island, Indonesia.The two incidents occurred within aninterval of four hours and in close proximity to each otherin theeastbound lane of the Traffic Separat

The Future of Black Gold? Last week we wrote about the future of North Sea oil production and how it is a story of two halves. With production in the UK sector on a downward trajectory, whilst in the Norwegian sector the recent start-up of

Mining giant Rio Tinto has finalized the shipowner for its 12 LNG-powered bulk carriers to be built at two Chinese shipyards, becoming another major mining company to build LNG-powered vessels at Chinese yards after BHP Billiton and Anglo A

On the morning of April 22, New Times Shipbuilding held a signing ceremony for the delivery of 6# 325,000 dwt VLOC for Pan Ocean, marking the completion of the project. The six 325,000 dwt VLOCs ordered by Pan Ocean have a total length of 3

A growing array of ocean industry stakeholders are throwing their hats in the hydrogen ring, identifying the potential of a fuel that, they believe, could help industry, and society, move successfully towards our shared climate goals. With