Tonnage providers have suffered the most so far, as they were left with many of the idle ships. Demand is showing signs of improvement, though, during a recession, it will be a long and drawn-out recovery. Demand drivers and freight rates T

High deliveries and low contracting have left the orderbook at multi-year lows, but with the poor outlook the current influx of new dry bulk ships orders is not what is needed. Demand drivers and freight rates The biggest story in the dry b

Huarun Dadong Dockyard has started to carry out the LNG refit project of Hapag -Lloyds 15000TEU ultra large container ship Sajir, which is the worlds first dual-fuel conversion project of ultra large container ship. On August 31, container

Bank of Communications Financial Leasing (BCFL) once again investing in container ships. Bocomm Leasing has signed a chartering contract with Sinokor Merchant Marine for four ships belonging to this South Korean shipping company. This also

The Baltic Exchanges main sea freight index fell for a ninth straight session on Tuesday as rates slipped across all vessel segments. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for ca

The PMA has revised MN 03/2020 issuing version 3 making a clear stand, a date of cessation to the grant of extension to the SEAs initially done to take into account of the COVID-19 restrictions imposed worldwide making crew changes in parti

Only China bucks this trend with record-high crude oil imports, benefiting from the low oil price. Given the global recession and lower transport demand, however, the tanker industry is set for some challenging months. Demand drivers and fr

Brookes Bell, the leading international multi-disciplinary marine, scientific and technical consultancy, has been contracted by Norwegian Cruise Line to deliver its innovative software solution SRtP Onboard across its Breakaway Plus class o

Huge stimulus packages have so far been enough to prop up some parts of the economy. However, these are not magic pills, and, with the virus still spreading, a global recovery is some way off. Overview Many nations across the world recorded

After more than a year of bidding, Australian mining giant BHP has finally clinched the worlds largest LNG bulk carrier chartering project, with two Chinese shipyards expected to secure orders for five LNG Newcastlemax bulk carriers worth a

On September 7, CNOOC announced that Li Yong was appointed director, general manager of CNOOC, and removed from his position as deputy general manager of SINOPEC. Mr. Li previously served as vice president and party member of SINOPEC. After

Chinas bulk commodity market saw slower growth in August compared with July, industrial data showed. The China Bulk Merchandise Index, a gauge of domestic bulk commodity market growth, stood above the boom-or-bust line of 100 at 102.5 in Au

The Baltic Exchanges main sea freight index fell to its lowest in more than a month on Monday, as rates slipped across vessel segments. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for

Chinas soybeans import were the highest on record for the month of August, according to customs data, as the countrys pig herd continues to recover from the African swine fever epidemic, market sources said. China purchased 9.6 million mt o

Chinas iron ore imports in August fell 10.9% from a month earlier, easing from a record high in July on fewer shipments from big miners and port congestion, official customs data showed on Monday. The worlds top iron ore consumer brought in