The freight rates diverge, and the composite index growth narrows Ningbo Containerized Freight Index: In the week ending Nov-3, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 753.5 points, slightl

Ocean Network Express(ONE) announced it has obtained all necessary regulatory approvals and completed its acquisition of a 51% stake in each of TraPac LLC (TraPac) and Yusen Terminals LLC (YTI), and a 20% stake in Rotterdam World Gateway (R

[Photo provided to chinadaily.com.cn] Chinas first domestically made large cruise ship Adora Magic City was named and delivered to its operator on Saturday, making China the only country in the world to have mastered the technology of build

Electronic (Paperless) Trading WAVE BL: Update to Wave BL Network Bylaws to version 2.0 dated 1 November 2023 Members are referred back to circular confirming approval of WAVEs electronic trading system . The International Group (IG) had pr

Daily crude steel production at key member firms of China Iron and Steel Association (CISA) stood at 1.92 million tonnes during October 21-31, down 5.65% compared with the previous ten days, the CISA data showed. Daily output of pig iron av

Taxing Times In less than two months time, the shipping industry will for the first-time face emission taxes. For many in the market, the inclusion of shipping in the EUs Emissions Trading Scheme (ETS) has been a tomorrow problem, but owner

Recently, Yangzijiang Shipbuilding Group has received new shipbuilding orders for3 types of 14shipswith a total value of approximately US$770 million. The3 typesof ships are 50,000dwt MRtankers, 75,000dwt LR1 oil tankers, and 40,000m3 LPG c

Copenhagen, Denmark A.P. Moller Maersks (Maersk) financial results for third quarter of 2023 were in line with expectations in a difficult market environment with rates well off their 2022 peak and tested by the increase of capacity in Ocea

From1 January 2024, maritime emissions will be included in the European Union Emissions Trading System (EU ETS). This means the acquiring and surrender of emission allowances for ships over 5,000GT that call at a port or anchorage within th

On November 1, the ship repair branch signed a technical cooperation agreement with France GTT company and obtained the repair qualification of membrane LNG ships authorized by GTT. Yao Hongshan, deputy general manager of the company, Sun S

Ships today must take measures on board to stop sewage, garbage and operational waste entering the sea without restriction and ships must control emissions into the air. Ships must be designed and built to prevent and limit accidental spill

RightShip, the worlds leading environmental, social and governance (ESG) focused digital maritime platform, has today announced a partnership with AD Ports Group (ADX: ADPORTS), the leading facilitator of global trade, logistics and industr

To mark the start of the KOBC and Marine Money conferences in South Korea, we take a look at the South Korean orderbook, using VesselsValue data. The infographic analyses the breakdown of vessels on order in South Korea, the top ordering na

On October 19th, the Liberian Registry hosted the 2023 Recognized Classification Societies Meeting in Reston, Virginia. Senior representatives from the Registry, all 13 Recognized Organizations (RO), and the US Coast Guard (USCG) attended.

The Forum of Alternative Fuel and Propulsion Technology, hosted by the China Association of the National Shipbuilding Industry (CANSI) and the China Shipowners Association (CSA), and organized by Headway Technology Group (Qingdao) Co., Ltd.