On November 1, 2023, the four 41,000DWToil/chemical tankerprojects jointly undertaken byFujian Mawei Shipbuilding and Xiamen ShipbuildingIndustry from European shipowners officially came into effect. The construction of this batch of ships

The freight rates diverge, and the composite index growth narrows Ningbo Containerized Freight Index: In the week ending Nov-3, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 753.5 points, slightl

Ocean Network Express(ONE) announced it has obtained all necessary regulatory approvals and completed its acquisition of a 51% stake in each of TraPac LLC (TraPac) and Yusen Terminals LLC (YTI), and a 20% stake in Rotterdam World Gateway (R

Electronic (Paperless) Trading WAVE BL: Update to Wave BL Network Bylaws to version 2.0 dated 1 November 2023 Members are referred back to circular confirming approval of WAVEs electronic trading system . The International Group (IG) had pr

Taxing Times In less than two months time, the shipping industry will for the first-time face emission taxes. For many in the market, the inclusion of shipping in the EUs Emissions Trading Scheme (ETS) has been a tomorrow problem, but owner

Recently, Yangzijiang Shipbuilding Group has received new shipbuilding orders for3 types of 14shipswith a total value of approximately US$770 million. The3 typesof ships are 50,000dwt MRtankers, 75,000dwt LR1 oil tankers, and 40,000m3 LPG c

RightShip, the worlds leading environmental, social and governance (ESG) focused digital maritime platform, has today announced a partnership with AD Ports Group (ADX: ADPORTS), the leading facilitator of global trade, logistics and industr

To mark the start of the KOBC and Marine Money conferences in South Korea, we take a look at the South Korean orderbook, using VesselsValue data. The infographic analyses the breakdown of vessels on order in South Korea, the top ordering na

On October 19th, the Liberian Registry hosted the 2023 Recognized Classification Societies Meeting in Reston, Virginia. Senior representatives from the Registry, all 13 Recognized Organizations (RO), and the US Coast Guard (USCG) attended.

[Photo: from CCTV News] The 40th Chinese Antarctic research expedition set sail on Wednesday. With a scientific research journey scheduled to last for more than five months, the expeditions key task is building a new Antarctic station near

When BIMCOs Documentary Committee (DC) met on 11 October in Copenhagen, it approved two new clauses and two revised versions of existing contracts. The new standards are being finalised for publication and will soon be made available for us

LUANDA, October 30, 2023 Cabinda Gulf Oil Company Limited (CABGOC), a Chevrons subsidiary in Angola, hosted in Luanda a signature of a Memorandum of Understanding (MOU) between Chevron New Energies, a Chevron U.S.A. Inc. division, and the A

COSCO SHIPPING (South America)and China Certification Inspection Group South Americainked a strategic cooperation agreement in Argentina on 5October. China Certification Inspection Group South America is an independent third-party firm that

Between January and October, dry bulk exports out of the Black Sea increased by 13% y/y, driven by Russian wheat exports. After two strong consecutive wheat harvests in Russia, the countrys exports are now on track to reach a new record in

For the first time in Korea, on 28 October, simultaneous operations (SIMOPs) of ship-to-ship LNG bunkering were successfully conducted for a coal-carrying bulk carrier at the POSCO raw material dock, one of the loading docks at Gwanyang por