On April 13, ZhongGu Logistics announced that it plans to raise no more than 3 billion yuan for container ship purchase projects. ZhongGu said it will raise 1.5 billion yuan and invest a total of 3.9514 billion yuan in the construction of 1

The contest for the laurel of becoming the worlds largest shipbuilder between China and South Korea has become more intense, and a South Korean advance in new orders of late serves as a reminder of the need for Chinese shipbuilding companie

Egypts Suez Canal Authority (SCA) agreed with a Chinese shipbuilder to build five tugboats and the contract will be signed very soon, SCA Chairman Osama Rabie told Xinhua. Without mentioning the name of the Chinese company, Rabie noted that

The Australian Jimblebar Blend Fines, or JMBF, slipped from premiums into discounts against the 62% Fe index as demand for iron ore fines with lower ferrous content and higher impurity levels dropped due to stricter quality requirements amo

Global resources company BHP, German shipping company Oldendorff Carriers, and advanced biofuels pioneer GoodFuels, with the support of the Maritime and Port Authority of Singapore (MPA), conducted the first marine biofuel trial involving a

The Suez Canal Authority (SCA) has welcomed Mohab Mamish, one of the largest dredgers in the Middle East and Africa. Mohab Mamish was built and delivered by Royal IHC of the Netherlands, a global dredger builder. It was loaded by the 50,000

On April 12th, the 910FEU reefer container ship of CSSC Chengxi Shipyard was signed and delivered. The delivery of the vessel marks a major victory for Chengxi Shipyard in its foray into the market of reefer container ships. The 910FEU reef

Profits of HK $1.114 billion! Year-on-year growth of 24.8%! The performance of CSSC Leasing in 2020 is booming! On March 31, CCSC Leasing announced that it achieved profit of HK $1.114 billion in 2020, an increase of 24.8% year on year and

EMSAs regional RPAS service for enhanced maritime surveillance in the Baltic Sea began this week under the coordination of the Estonian Police and Border Guard, following initial steps taken in 2020. Using remotely piloted aircraft to gain

U-Ming Marine Transport Corporation, Taiwans largest publicly listed bulk carrier company, has secured its first Sustainability-Linked Loan(SLL) of USD45 millionwith E.SUN Commercial Bank, a testimony on itslong-standingcommitment and accou

ABS has added another smart digital tool to its industry-leading environmental compliance support for shipowners and operators. ABS Emissions Reporterallows vessel operators to input and monitor their IMO Data Collection System (DCS) and EU

In response to the impact of the coronavirus pandemic on seafarers, DNV has instructed its safety management auditors to specifically address seafarer health, work and living conditions in their 2021 audits. The pandemic has in many cases m

On April 12, ZhongGu Logistics announced the annual report, dividend plan and private IPO plans and other announcements. According to its 2020 annual report, the top line of ZhongGu Logistics broke through 10 billion yuan for the first time

On April 8, New Dayang signed for the delivery of a Crown 63 bulk carrier to CDB Leasing. The new ship is christened PCL ALCOR. In recent years, the two sides have successfully built 16 new ships, including 7 Crown 82 bulk carriers and 9 Cr

The Baltic Exchanges main sea freight index, which tracks rates for ships ferrying dry bulk commodities, advanced on Monday, supported by improved demand for capesize vessels. The Baltic dry index, which tracks rates for capesize, panamax a