The composite index inched up 0.2% or $8 this week, and also, remains 226.7% higher than a year ago. The average composite index of the WCI, assessed by Drewry for year-to-date, is $5,096 per 40ft container, which is $3,292 higher than the

The Baltic Exchanges main sea freight index climbed on Friday to post its best weekly gain since mid-February thanks to higher demand for capesize vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels

Around 450 maritime leaders and industry professionals from around the world gathered online today to discuss a global approach towards decarbonisation and digitalisation of the maritime industry at the Future of Shipping Conference (FOSC).

On17 Apr 21,two incidentsoccurred to ships while underway offTanjung Pergam, Bintan Island, Indonesia.The two incidents occurred within aninterval of four hours and in close proximity to each otherin theeastbound lane of the Traffic Separat

The Future of Black Gold? Last week we wrote about the future of North Sea oil production and how it is a story of two halves. With production in the UK sector on a downward trajectory, whilst in the Norwegian sector the recent start-up of

Mining giant Rio Tinto has finalized the shipowner for its 12 LNG-powered bulk carriers to be built at two Chinese shipyards, becoming another major mining company to build LNG-powered vessels at Chinese yards after BHP Billiton and Anglo A

On the morning of April 22, New Times Shipbuilding held a signing ceremony for the delivery of 6# 325,000 dwt VLOC for Pan Ocean, marking the completion of the project. The six 325,000 dwt VLOCs ordered by Pan Ocean have a total length of 3

A growing array of ocean industry stakeholders are throwing their hats in the hydrogen ring, identifying the potential of a fuel that, they believe, could help industry, and society, move successfully towards our shared climate goals. With

On April 21, China Shipbuilding Trading and Huangpu Wenchong signed a contract for the construction of four 1900TEU container ships with BRIESE, a European ship owner, through cloud signing. Since the beginning of this year, Huangpu Wenchon

The Baltic Exchanges main sea freight index that tracks rates for ships carrying dry bulk commodities extended gains, rising to its highest since late 2010 on Thursday as capesize rates jumped on strong Chinese iron ore demand. The index, w

ONEX Peace, an Aframax tanker built by Hyundai Samho Heavy Industries and delivered to its owner ONEX, has become the worlds first merchant ship to receive DNVs SILENT-E notation. DNV is the first classification society to offer an underwat

Shippers, freight-forwarders, liner operators and everyone within the ocean container freight value chain can now access reliable real-time intelligence of fluctuating daily rates with the launch of the Xeneta Shipping Index (XSI) for thesh

According to the data of the Ministry of Transport, in the first quarter, the cargo throughput of Chinas ports was 3.574 billion dwt, up 18.8% year on year. Container throughput was 65.82 million TEU, up 19.3% year on year. Among them, the

On April 20th, Shanghai Waigaoqiao Shipbuilding held the keellayingceremony for the 210,000 DWT series bulk carriers H1520 and H1521 built for ICBC Leasing and to be chartered by CITIC Metal on the same day. These are the third and fourth v

The Baltic Exchanges main sea freight index surged to its highest in over a decade on Wednesday, powered by a jump in the larger capesize vessel segment on increasing iron ore shipments from Brazil. The Baltic dry index, which tracks rates