All-inclusive trans-Pacific container shipping rates to North America were buoyed in the week to Dec. 17 by a renewed push to restock retail inventories in the period between the calendar year-end and Asias Lunar New Year celebrations begin

TEST Biofouling Project will demonstrate technical solutions to stop invasive species and reduce GHG emissions from ships. A newly signed project is set to provide pilot projects in developing countries in order todemonstrate technical solu

An agreement on the establishment of strategic sister port relationship between Chinas Shandong Port Group or SPG and the Abu Dhabi Ports Group was signed on Dec 14, as the United Arab Emirates celebrates the 50th anniversary of the foundin

Fitch Ratings has affirmed CSSC (Hong Kong) Shipping Company Limiteds (CSSC HK Shipping) Long-Term Issuer Default Rating (IDR) and the rating on the senior unsecured note issued by CSSC Capital 2015 Limited at A. The Outlook is Stable. CSSC

Wrtsil Voyage has entered into a strategic partnership with Microsoft. Wrtsil Voyage is a market leader in maritime end-to-end onboard solutions with decades of experience and expertise in high-end marine Internet of Things (IoT) offerings.

A Year to Forget Although freight levels in some shipping sectors reached breath-taking highs this year, 2021 is a year to forget for tankers, particularly in the crude segment. The majority of crude tonnage (non-eco, non scrubber) was forc

Swiss based marine engine technology developer WinGD continues to invest in its RD testing infrastructure with the opening of a new collaborative Global Test Centre in Shanghai, China. The new test centre which opened on the 16 December, is

Reference is made to our last circular (Huatai CircularPNI[2021]10 issued in Aug. 2021) on fishery farm claims at Lanshan, China. In order to keep our clients posted of the changes on the geographical extent of fishery farms in that sea are

On December 17, Chinas first large-scale cruise ship successfully achieved the milestone node of floating in the dock at Shanghai Waigaoqiao Shipbuilding, a subsidiary of China State Shipbuilding Corporation. This marks the transition of th

Chinese steelmaking raw materials futures advanced on Thursday, with coking coal up 5%, fuelled by hopes of recovering steel production after stringent curbs in the first 11 months of the year. The worlds top steel producer churned out 946.

RINA issued the AIP certificate of 50K dwt Methanol Fueled MR tanker to Shanghai Merchant Ship Design Research Institute (SDARI) on 14thDecember, 2021. The ceremony for delivery of AIPcertificate was held atSDARI. From SDARIside, Mr. WANG G

On December 16, the worlds latest generation of Chang Heng Series 174,000 m3 LNG carrier jointly developed by Hudong-Zhonghua and GTT, was awarded a GDA and PCA certificate issued by four internationally renowned classification societies AB

Tanker pool manager Signal Maritime has achieved a significant increase in its Aframax Time Charter Equivalent (TCE) earnings thanks to a decision to increase the share of the fleet which has been trading west of Suez up to 70%. Repositioni

Six daily Freightos Baltic Index (FBX) indices administered by the Baltic Exchange will be used for the settlement of CME Groups new shipping container freight futures. The new contracts will be priced in USD per FEU (forty-foot equivalent)

On December 16, Ningbo Zhoushan Ports annual container throughput exceeded 30 million TEUs for the first time, becoming the third port in the world to be among the over 30 million container ports after Shanghai Port and Singapore Port. The