On April 26, ZhongGu Logistics announced that it plans to sell four container ships to large international container liner companies at a total price of $128 million to $135 million. The four container ships to be sold by the company, Zhong

At the 2021 Dongfeng Motor Brands Spring Ceremony held on April 17, COSCO SHIPPING, Dongfeng Motor Corporation, and China Mobile jointly announced the kickoff of strategic cooperation on self-driving vehicles for 5G smart ports. The three p

Malaysian energy giant Petronas has kicked off the export of liquefied natural gas (LNG) to China in ISO tanks. The maiden shipment of LNG ISO tanks has been delivered to Shanghai from Pasir Gudang Port of Johor on 23 April 2021, following

The Baltic Exchanges main sea freight index on Monday drifted up to its highest since September 2010, as an uptick in rates for the larger capesize segment offset a drop in panamax vessel demand. The Baltic dry index, which tracks rates for

In March 2020, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 163.83 points,up 33.70% year-on-year; the export trade index was 167.18 points,an increase of

On April 23, Mr. Ersin Eren, Director of North Asia Operations of BV Classification Society, presented the FGSS-Fuel Gas Supply System AIP certificate to CIMC Raffles on behalf of BV Classification Society. FGSS is an independent natural ga

On April 23, the 10th 208,000 DWT bulk carrier built by Yangzijiang Shipbuilding for CDB Leasing was successfully christened and delivered. The new ship, was christened CL BAISE, the ship left the shipyard for its maiden voyage on April 24.

Leading flag administration, Panama Maritime Authority has authorised Indian Register of Shipping (IRClass), an international ship classification society,to conduct specific surveys through remote inspection techniques. As the maritime worl

On April 23, Shanghai Waigaoqiao Shipbuilding, a subsidiary of CSSC, and China Shipbuilding Trading signed a contract with Singapores Sea Consortium for the construction of four 7,000TEU container ships. Singapores Sea Consortium is a subsi

Greek officials say they want to boost investment from China to help the countrys economy recover from the COVID-19 pandemic. An online summit on Thursday brought together businesses from the two nations as Athens looks to play a bigger rol

Chinas index of export container transport went up in the past week ending Friday, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) stood at 1,903.5, up 2.7 percent from a week earlier, accor

The Board of Directors of Orient Overseas (International) Limited has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line on a quarterly basis. This announcement sets out the unaudited operational

Indonesia－Indonesias military on Sunday officially acknowledged there was no hope of finding survivors from a submarine that sank and broke apart last week with 53 crew members aboard, and said search teams had located the vessels wreckag

On April 23, the first ship of IMO Ⅱ chemical tanker project of Shandong Shipping Corporation was successfully completed and delivered. SOLAR SALLY, the first ship of the project, will soon set sail to provide global oil product transport

Shipping was vigorous as the holiday approaches, and the composite index continued to rise Ningbo Containerized Freight Index: In the week ending Apr-16, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) qu