The Baltic Exchanges main sea freight index fell on Tuesday, as concerns over trade frictions between Australia and China on coal shipments sent capesize rates to a near six-month low. The Baltic dry index, which tracks rates for capesize,

Supported by strong demand from China market, Australian iron ore price has risen to a seven-year high, and it is expected to keep bullish by the end of this year, showed data from the Trading Economics. The price of Australian iron ore inc

Rolls-Royce has acquired Servowatch Systems, a UK-based international supplier of integrated marine automation solutions for navies, commercial vessels and large yachts. Representatives of Rolls-Royces Power Systems business unit and the co

China Development Bank Leasing acquired 14 product tankers from Maersk Tankers for a total price of approximately 2.758 billion yuan. On December 8, CDB Leasing announced that the companys 14 wholly-owned companies (as the buyer) entered in

In order to combat COVID-19, Shanghai has implemented non-contact operations throughout the port, strictly controlling port shore-based workers access to living areas and other enclosed spaces of ships, so as to minimize contact opportuniti

Further to our joint industry submission letter to the Asian government leaders on crew changes in COVID-19 for calling upon leadership actions to saving some 400,000 stranded seafarers that urgently needed to be relieved, ASA coordinated a

The MaritimeSG Together Package will be extended to continue supporting the more affected sectors in the maritime industry to tide through this COVID-19 pandemic. The Maritime and Port Authority of Singapore (MPA) will extend relevant measu

Chinas crude oil imports in November recovered 10.1% to 11.08 million b/d from a 6-month low in October, but remained 0.8% lower than the 11.18 million b/d of inflows a year ago, data released Dec. 7 by the General Administration of Customs

Chinas foreign trade expanded 7.8 percent year-on-year in November, official data showed Monday. Exports jumped 14.9 percent year-on-year while imports dipped 0.8 percent in yuan terms, the General Administration of Customs said. In the fir

Leading boat-handling systems manufacturer Vestdavit Inc. has won a tender with Halter Marine in Pascagoula, Mississippi to supply marine davits for the United States Coast Guards new Polar Security Cutter (PSC). The 460-foot vessel will su

Even COVID-19 wasnt able to stop the international wind energy sector from networking and engaging in a professional conversation: At its debut from 1 to 4 December 2020, the first digital WindEnergy Hamburg succeeded in bringing the global

The Korean Register (KR) has developed new class rules that completely revise the existing structural rules for membrane-type LNG carriers. The new class rules apply the concept of EDW (Equivalent Design Wave) based on direct load analysis

The International Transport Intermediaries Club (ITIC) warns of the dangers of allowing important information to be sent to individual email addresses with no back-up. In a recent case, a shipowner advised its ship agent that a particular p

On December 5, HNA Technology issued an announcement to purchase two bulk carriers, each at a cost of 145.51 million yuan. ASIAN EAGLE SHIPPING LIMITED, a subsidiary of HNA Technology, intends to purchase the capsize bulk carriers BULK HARV

In the week ending Dec-04, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) Download PDF1 Below find the NCFI Weekly Index Data chart: Download PDF2 The opinions expressed herein are the authors and not ne