The Baltic Exchanges main sea freight index climbed about 10% to its highest level in three months on Monday as soaring coal demand from China continued to power capesize rates higher. The Baltic dry index, which tracks rates for capesize,

After a highly volatile 2020, leading shipbroker Simpson Spence Young (SSY) looks at the next 12 months and highlights areas of particular interest in their 2021 Outlook Report. The report looks at various drivers of the shipping markets, i

The Singapore Maritime Port Authority announcing new enhanced crew change procedure to be effective as of today. Further to our BIMCO news on Friday, 8 January 2021, Singapore Shipping Association urges the industry to comply with COVID-19

Nor-Shipping, Your Arena for Ocean Solutions, has taken the decision to postpone its planned exhibition and activity programme for June 2021, pushing the event back to 10-13 January 2022. Faced with the possibility of a scaled down, sociall

A correspondent in China, Oasis PI, reports developing ice conditions in the Bohai and Huanghai sea areas that are forecast to extend further in the coming week, 9 15 January 2021. Vessels planning to call at the ports of Yingkou, Jinzhou,

Marine and offshore pump manufacturer Hamworthy Pumps has appointed Dutchman Hans Christiaan Laheij formerly with Schottel and Wrtsil as CEO. The company has large ambitions for further growth in the coming years. Hans Christiaan Laheij, ag

On January 7th, New Dayang Shipbuilding delivered the fifth 63,000 dwt bulk carrier to CDB Leasing, which achieved a good start in the New Year and laid a solid foundation for the companys new journey of 14th Five-Year plan. Since 2020, on

Inchcape has been ahead of the curve on key responses to the Covid-19 pandemic and to embrace change for a better future both for cruise lines and destinations, says Inchcape Shipping Services Global Sector Head for the Cruise Industry, Gra

On January 8, the third 23000TEU dual-fuel container ship CMA CGM RIVOLI built by Hudong Zhonghua, a subsidiary of CSSC, was successfully christened. CMA CGM RIVOLI is the fifth of the nine 23,000TEU container ships ordered by CMA CGM in CS

IMO2021 came into effect on 1 January and it is vital that ship owners and managers continue to monitor the systems and processes in place to ensure vessels remain cyber secure. Mike McNally, Commercial Director at GTMaritime discusses what

Hong Kong-listed lessor CSSC (Hong Kong) Shipping has signed up to a sale and leaseback deal with counterpart China Minsheng Trust Co for four kamsarmax vessels valued at US$26.7m each. The newbuildings were ordered from CSSC Chenxi Shipyar

Transport demand surged at the end of the year, and the composite index reached a new high level Ningbo Containerized Freight Index: In the week ending Jan-1, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBS

See attached the latest monthly review of the global container market by the Baltic Exchange, published in collaboration with Freightos, Sea Intelligence Consulting and Freight Investor Services. Feel free to use quotes from the report, but

Crew change facilitation has come in the spotlight of the Singapore Ministry of Health, following cases of COVID-19 transmission between ship- and shore-based personnel. Currently, the transmitted cases have had no impact on the crew change

A Year of Two Halves? 2020 was a rollercoaster year, one with extreme ups and downs. Record highs and record lows. For the tanker market, in many ways it was year of two halves, with high earnings in the first half, and low returns in the s