Freight rates for Europe routes soared, and the composite index expanded Ningbo Containerized Freight Index: In the week ending Oct-27, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 728.3 points,

Hong Kongs Global Shipping Business Network (GSBN), a blockchain platform, with its data infrastructure and ecosystem of partners, has signed a Memorandum of Understanding (MoU) with DNV, a leading classification society. The partnership ai

International Transport Intermediaries Club (ITIC) a mutual insurer that provides professional indemnity cover for transport intermediaries operating in the marine, offshore, renewable and aviation industries has advised ship managers to be

31 October 2023, Hamburg, Germany: As the Euro Zone grapples with an ongoing economic crisis, facing declining trade and subsequently, a drop in container trade, the region struggles with the challenge of surplus containers causing repositi

C-Job Naval Architects and MEYER Group today announce the two companies have entered into a strategic partnership. The agreement between the companies includes MEYER Group to acquire a 50 percent stake in C-Job Naval Architects. The move so

Capesize The week in the capesize market concluded with a continued trend of declining rates. In the Pacific region, despite the addition of a second major player later in the week, trading remained lacklustre. Rates for C5 fell by a total

30 October 2023.RightShip, the worlds leading environmental, social and governance (ESG) focused digital maritime platform, has announced a partnership with Porto de Santos to implement RightShips innovative new risk management solution for

KR, in collaboration with the Marshall Islands Registry, is pleased to announce the granting of an Approval in Principle (AiP) for an Onboard CO2 Capture System (OCCS) developed by Hanwha Ocean during Kormarine 2023 in Busan, South Korea. W

Anemoi Marine Technologies has entered into a Joint Design Cooperation Agreement with Hudong-Zhonghua Shipbuilding Group for the design of Rotor Sails onboard two LNG carrier newbuildings. The deal was signed on 26 October between Nick Cont

Members of INTERCARGO met in Athens last week for the Associations Annual General Meeting, Executive Committee and Technical Committee meetings, with record attendance observed to the satisfaction of all guest attendees and the organising i

The Hong Kong Liner Shipping Association (HKLSA) expressed its support for the Hong Kong Governments intention to explore the feasibility of green methanol bunkering, as laid out by chief executive John Lee in his policy address on 25 Octob

The Centre of Excellence in Maritime and Shipbuilding (CEMS), a dynamic skill development knowledge centre established by the Ministry of Ports, Shipping and Waterways under the Sagarmala initiative and promoted by the Indian Register of Sh

Economy: TheworldwasshockedwhenHamasattackedIsraelon7 October2023. Thesituationhascreated extremeoilsupplyuncertainty, andtheelevatedgeopoliticaltensionsposeahighrisktotheglobal economy.WTOcutsworldtradeforecastasmanufacturingslowdownbites.

Peak a boo Following onfrom last months release of the IEA Net Zero (NZE) 2050 report, the publishing of its World Energy Outlook (WEO) 2023 provides a glimpse into when oil demand may peak based on the Stated Policy Scenario (STEPS) framew

The Nautical Institute Singapore Conference 2023 has concluded with the attendance of close to 180shipping professionals and key industry leaders from all over the world. This year the event was held at M Hotel Singapore and the theme was S