The Baltic Exchanges dry bulk sea freight index (.BADI) fell for the sixth consecutive session on Thursday to mark its worst day since mid-September, as rates slipped across all vessel segments. The overall index, which factors in rates for

Of all the market cycles of the past 50 years it could be argued that comparisons with the boom dry bulk freight market of 1980 are particularly relevant from a number of angles. - The most obvious parallel was theenergy crisisfrom 1979 fol

13 October 2022, London:Guy Platten, Secretary General of the International Chamber of Shipping (ICS) representing 80% of the worlds merchant fleet,will address the UN General Assembly Second Committee today on the role of shipping and the

The pressures on  Environmental, Social and Governance (ESG) reporting has dominated headlines in every sector for some months now, with shipping no exception.   In 2018, the International Maritime Organisation introduced the target o

TOKYO, Oct 13, 2022 - Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI) Group company based in Yokohama, today held a christening and launch ceremony for the OSHIMA MARU, a training ship for National Institute of Techno

Nor-Shipping has announced that nominations are now open for its 2023 awards programme, with the Next Generation Ship Award, the Young Entrepreneur Award and the Ocean Solutions Award up for grabs. In a return to pre-pandemic days, the firs

BADEN, SWITZERLAND, OCTOBER 12 2022. Accelleron has enhanced its global turbocharger service network capabilities in Indonesia by opening new, modern workshop facilities near Jakarta, to join its extensive network of local support in more t

On October 12, Jiangnan Shipyard signed and delivered the 30000m3 LNG carrier Coral NordicbuiltforAnthony Veder, the Dutch shipowner. The ship has a total length of 176.8m, awidth of 28.8m and adepth of 19m, and is classifiedintoDNV, meetin

On October 11, Nantong COSCO Khi Ship Engineering received AiP from Lloyds Register for a 16000 TEU ammonia-fueled container ship. LR, NACKS and Hudong Heavy Machinery jointly promoted the project from early 2021. LR finally approved and is

Yangzijiang Shipbuilding has confirmed that MSC has ordered a dozen 16,000 TEU container ships. The Singapore-listed Chinese ship builder said on 6 October that the LNG dual-fuelled ships, with a total contract value of US$2.16 billion, are

Chinas domestic car brands have achieved a major comprehensive breakthrough in entering the global market, which has driven demand for cargo shipping as a means for Chinese car manufacturers to cope with the rapid expansion of overseas tran

London and Kuala Lumpur, 12 October 2022 - The ICC International Maritime Bureau (IMB) is calling for regional and international players to sustain their efforts, particularly in the Gulf of Guinea, as global piracy and armed robbery incide

Our new Screening solution is specifically designed to help cargo traders, financiers and insurers make swift, accurate decisions about vessel clearance, based on their own risk policies. We find out more from Christopher Saunders, Chief Pr

On October 12, ONE FREEDOM, the first 15, 000TEU container ship built by Yangzijiang Shipbuilding for SEASPAN, departed for its maiden voyage. The ship is the first in the series of seven built by Yangzijiang Shipbuilding for SEASPAN and th

On the morning of October 12, 2022, GTT and Zhoushan Xinya Shipyard officially signed a Technical Service Agreement in Shanghai, and Zhoushan Xinya Shipyard obtained the film LNG ship repair qualification authorized by GTT. Xia Songkang(CEO