As more large and very large container ships enter the major trade lanes of the world, the opportunity exists for liner operators to optimize vessel utilization, operational efficiency, and maximize voyage profitability. However, the risks

CSSC (Hong Kong) Shipping Company Limited announced that it is expected that the consolidated profit (unaudited) attributable to the companys equity holders for the six months ended June 30, 2021 will increase by approximately 30% compared

At 11:33 on July 27, the first 1800TEU container ship (CHB2001) built by Zhoushan Changhong International was officially delivered. The 1800TEU container ship was built by Zhoushan Changhong International for Malaysian shipowner MTT shippin

Dalian coke futures rose for a third straight session on Tuesday to hit an 11-week peak, while coking coal scaled a new contract high, underpinned by concerns over supply of the steelmaking inputs in top steel producer China. The most-trade

The Baltic Exchanges main sea freight index snapped four sessions of gains on Tuesday due to lower rates in the capesize and panamax vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels carr

Global, sector-focused law firm HFW advised Chinese shipbuilder Shanghai Shipyard on a UK Court of Appeal win relating to a US$170 million payment under a shipbuilding contract. The Court of Appeal overturned an April 2020 decision from the

On July 26, the signing ceremony of the project of building two 85,000DWT bulk carriers was successfully held between China Shipbuilding and DSIC, as the joint seller, and Shandong Huachen Financial Leasing. The vessels signed this time are

The first half of this year saw the strongest wave of shipbuilding, with 208 owners spending money on new vessels, building a total of 829 vessels with a total of 65.11.4 million DWT. Seaspan of Canada, which ordered 40 vessels with a total

The international freight transport organisations of the Cargo Integrity Group are calling for urgent action from actors in global supply chains to reduce the risk of pest transference through international cargo movements. The five partner

On July 22, Shanghai Waigaoqiao Shipbuilding signed and delivered the second 114,000DWT Aframax crude carrier SEA URCHIN built for PTM in Greece. SEA URCHIN was independently designed by Waigaoqiao Shipbuilding, with a total length of 249.9

On July 23, China Shipbuilding Trading, successfully undertook a new project to build 2+2 210,000DWT bulk carriers for a well-known European shipowner, jointly with Qingdao Beihai Shipbuilding Heavy Industry. The contracted ship type adopts

On July 23, Guangzhou Shipyard International, China Shipbuilding Trading and CMB Financial Leasing signed the project of two 16000TEU container ships. This project is the first batch of 6 16000TEU super vessels undertaken by Guangzhou Shipy

Transportation demand remained high, the composite index continued to rise Ningbo Containerized Freight Index: In the week ending Jul-16, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 3567.6 poin

Another week of static rates on the whole in this sector. In the Middle East rates for 280,000mt to US Gulf (routing via the Cape/Cape) remains at the WS18-18.5 level while rates for 270,000mt to China are stuck at around WS31.5 (showing a

OPEC Agreement? So, after several weeks of behind the scenes talks and political wrangling, the OPEC+ alliance has once again found a way forward in its quest to manage oil supply. The disagreement centered on production baselinesfrom which