The composite index decreased 0.3% this week but 12.8% up as compared with same period of 2018. The average composite index of the WCI, assessed by Drewry for year-to-date, is US $1537/40ft container, which is $58 higher than the five-year

Owner and the master of the ship may be fined up to SGD10,000 or imprisoned for a term not exceeding 2 years, or both, for fail to comply with IMO 2020 regulations in Singapore. This is according to the Maritime and Port Authority of Singap

In the week ending Apr-12, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 641.4 points, slightly Download PDF1 Below find the NCFI Weekly Index Data chart: Download PDF2 Source:Ningbo Shipping Exc

The paper received solid support from 23 countries and international organizations, including BIMCO who attended the meeting, and it was decided that the IMO will work on maritime corruption guidance expected to be completed by 2021. We are

US exports of crude oil have, since August 2018, continued to rise every month, with a new record high in January of 9.6 million tonnes. Exports rose in January on the back of increased sales to Europe, which rose from 2.7 million tonnes in

Alfa Laval PureBallast 3, the third generation of Alfa Lavals ballast water treatment technology, has received updated type approval from the U.S. Coast Guard (USCG). The new certificate makes it possible for vessels to deballast in United

The Liberian flag has been included in the United States Coast Guards (USCG) QUALSHIP 21 (QS21) roster for 2019-2020. QS21 recognizes vessels and flag states which have successfully met specified safety and quality requirements and regulati

ReCAAP ISC Piracy and Sea Robbery Conference 2019 Updates International Maritime Community on Current Situation in Asia and Africa Former IMO Secretary General Koji Sekimizu delivered a keynote address at the conference held in conjunction

KA Petra, a Malaysian ship-to-ship (STS) transfer specialist, has signed a Heads of Agreement (HOA) with Hutchison Port Holdings to jointly develop the worlds largest STS transfer hub in the country. Under the terms of the HOA, KA Petra wil

The Global Maritime Forum announces its first Future Maritime Leaders essay competition. The competition is looking for youth perspectives on how current trends will shape the future of the maritime industry and the wider society. The autho

The International Group of PI Clubs has updated their guidance document produced to assist Members and the Club in complying with requirements set out in the Maritime Labour Convention 2006 (MLC). The amendments to the FAQ are intended to p

Opening an office in Athens is an important step to make BIMCO even more member-focused, says BIMCO President, Anastasios Papagiannopoulos, Principal of Common Progress. There is a lot of regulation coming and being a BIMCO member will help

Nine months ahead of the introduction of the new IMO 2020 sulphur cap for marine fuel, the total number of scrubber orders for containerships has swelled to 540 units. Additional orders have been unveiled since Alphaliners last survey in No

The market for Initial public offerings (IPOs) across the global shipping industry has remained understandably muted in recent years but secondary offerings continue to be an important funding mechanism, according to a recent report from Dr

BIMCO, the worlds largest international shipping association, is developing various clauses and contracts to help shipowners prepare for the International Maritime Organizations global sulfur limit rule for marine fuels, starting January 1,