Major Chinese and Hong Kong shipping groups logged record revenue and profit growth in the first half of the year, buoyed by a confluence of factors driving up international freight rates. State-owned COSCO Shipping Holdings, the worlds thi

Maritime transport plays and will continue to play an essential role in global and European trade and economy. In recent years, the maritime sector has taken significant measures to alleviate its environmental impacts. Ahead of a projected

RINA has announced its acquisition of the entire share capital of Logimatic Solutions, a leading software company, headquartered in Denmark. The company, with a turnover of about 6 million euros, will be fully integrated within the RINA Gro

Global ship management company V.Group has been awarded a contract by Shanghai-basedBoqiang Heavy Industry Group to project manage a newbuildwind turbine installation vessel (WTIV). Under the contract, SeaTec,V.Groupsprovider of technical s

Following the first order in June, Singapores shipowner Eastern Pacific Shipping (EPS) returned to China Merchants Industry again and ordered six new dual fuel vehicle carriers. In just three months, it has ordered 12 new ships in two shipy

Today sees the launch of DNV, the worlds leading classification societys latest Maritime Forecast to 2050, part of the Energy Transition Outlook (ETO) suite of reports. Conceived to help shipowners navigate the technologies and fuels needed

Still governments and ports are placing stricter crew change requirements. For the first time ship managers report seafarer shortages. Travel restrictions, flight cancellations and domestic lockdowns continue to prevent seafarers from going

The Baltic Exchanges main dry bulk sea freight index eased from a more than 11-year high on Tuesday, but the index notched up its second monthly gain in three due to global shipping constraints and robust demand. The overall index, which fa

China has made great strides in technologies used in salvaging large-tonnage sunken ships, an official with the Ministry of Transport (MOT) said on Tuesday. Key breakthroughs in technologies required to salvage large-tonnage sunken ships -

COSCO SHIPPING Development Co., Ltd. is pleased to announce the consolidated results for the six months ended 30 June 2021 (the Period) today. In the first half of the year, the Company recorded a total operating revenue of RMB12.919 billio

Ship schedule adjustments were limited, and some routes had risen Ningbo Containerized Freight Index: In the week ending Aug-27, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 4000.2 points, sligh

TheMaritime and Port Authority of Singapore (MPA)s Academy welcomes 29 senior maritime and port officials, including port masters, harbour masters and middle management personnel from maritime and port authorities from 23 countries and the

A newly renovated FPSO Carioca MV30 built by Dalian COSCO Shipping Heavy Industry has been put into operation and yielded oil for the first time at an oilfield operated by Brazils Petrobras. The vessel, currently the worlds newest, is the 1

From January to June 2021, COSCO SHIPPING Holdings realized a net profit attributable to the shareholders of the listed company of RMB 37.098 billion, a significant increase from RMB 1.137 billion in the same period last year. The companys

The Maritime and Port Authority of Singapore (MPA) is organising the 8th run of the International Safety@Sea Week from 30 August to 1 September 2021. Organised annually by MPA for the international maritime community and top practitioners t