U.S. bulk carrier owner Eagle Bulk has announced the acquisition of two high-spec ultramax bulk carriers built in 2015 and equipped with scrubbers for $44 million. The two vessels, which will be renamed Antwerp Eagle and Valencia Eagle, wil

Transportation demand was generally improving, and most routes had stable freight rates Ningbo Containerized Freight Index: In the week ending Jun-4, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes

City in Zhejiang province to hold consumer goods fair starting June 8 Ningbo in Zhejiang province has become a hot spot for Central and Eastern European products to enter the Chinese market. The city has also played a pivotal role in boosti

The BIMCO Maritime Information department informs members on a weekly basis, updates about the COVID-19 in relation to implementation measures imposed by governments for sea transport including for crew change as well as from the United Nat

Its a syn (fuel) If you own a Porsche or you like Formula 1, then the developments within the synthetic fuels sector will be of interest to you. Tanker owners should also take note. Porsche director, Frank Walliser, has outlined that his co

While nearly 40 percent of shipowners have still not implemented a decarbonization strategy despite impending regulations, there is resounding confidence among industry leaders in LNGs potential to help reach regulatory goals in the coming

Reports showtypical savings around 5%, and in some cases up to 10% fuel savings could be achieved simply by giving the bridge team real-time fuel consumption data, says Jacob Grieg Eide, Chief Business Officer of ScanReach. The Norwegian co

Taking advantage of the rapid increase in ship prices in the shipping market, SITC International continued to accelerate its fleet expansion. Following the order for 8 feeder ships from Dae Sun Shipbuilding last week, SITC International ret

An innovative liquefied natural gas (LNG) fuel tank system developed by Newport Shipping for crude tankers and bulkers has gained a key preliminary class approval to facilitate retrofits of such vessels in line with new environmental requir

On June 2, the 5 millionth container produced by the container manufacturing plant of COSCO Shipping was put off the production line in Qidong container manufacturing plant, which is another leap development of the container manufacturing s

On May 28, Nantong COSCO Khi Ship Engineering delivered the 81-type 82,000-dwt bulk carrier NAVIOS AMITIE built for INDIGO MARINE SHIPPING. NAVIOS AMITIE is a flat-deck bulk carrier with a bow. It has 7 cargo tanks and can carry cargo such

CNOOC Energy Technology Services Limited and SK Innovation Co., Ltd. signed a letter of intent on FPSO integrated services of Lufeng 12-3 oilfield in Shenzhen on May 27, 2021. Lufeng 12-3 oilfield is jointly invested and developed by SKI an

Based on information provided by a BIMCO owner member, BIMCO updates the information on UN 3077 environmentally hazardous solid bulk cargoes and its relation with the International Maritime Solid Bulk Cargoes ( IMSBC) Code. Subsequent to th

Takingactionwas the overriding theme of Ocean Now this week, a new two-day, hybrid event launched by Nor-Shipping. Despite the fact that global industry stakeholders are still grounded by travel restrictions, the desire, and need, to connec

Chinas hog industry has transformed over the last few decades as countless unsophisticated backyard farms have been converted into an industry sporting multi-storey farms with AI technology. This switch has been ongoing for decades, but rap