Huangpu Wenchong, a subsidiary of China State Shipbuilding Corporation, delivered 2038TEU-2# ship (H5668), which was christened together with ship 3# (H5669) on April 27, 2021. A total of 10 vessels under the 2038TEU project built by the co

The Baltic exchanges main sea freight index rose on Wednesday, its highest since mid-2010, boosted by gains across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commod

NAVTOR has announced a major upgrade of its NavStation software, introducing new features delivering enhanced security, usability, accuracy and efficiency for an increasingly digitized shipping industry. The solution, which originally launc

The anticipated box crunch at European ports following the closure of the Suez Canal at the end of March has been less severe than expected, according to Container xChange. However, Europes leading box hubs are still receiving far more boxe

Over the course of three months late last year and early this year, almost 3,500 containers were lost in a number of incidents in the Western Pacific. This is far above the numbers usually registered for the same period and has raised conce

Bunker software supplier BunkerMetric integrates its flagship BunkerPlanner application with Inchcapes World of Ports (WoP) service to source accurate and constantly updated data on bunkering-related port call costs. Choosing the right bunk

MarineMax recently announced the acquisition of American boatbuilder KCS International, Inc., better known as Cruisers Yachts , headquartered in Oconto, Wisconsin. Brett McGill, CEO and President of MarineMax , stated, The strategic acquisi

DNV has granted an Approval In Principle (AIP) to PASSER Marine for the development of a new LNG fuel tank insulation system. The new concept is designed for prismatic type B LNG tanks - which according to IMO rules require a partial second

Ten months of test sailing using Frugal Propulsion on the tanker Endelo Swan shows a fuel saving of 12.2%, which is now driving Uni-Tankers to install the system on more ships in the fleet. Uni-Tankers is continuously working to make its oi

In its April 2021 World Economic Outlook, the International Monetary Fund (IMF) lifted global economic growth projections for 2021 and 2022 by 0.8% and 0.2% to 6% and 4.4% respectively due to the anticipated vaccine-driven recovery in the 2

In response to the numerous challenges arising in the face of the Covid-19 pandemic, BIMCO launched a webinar series in the autumn of 2020. The series offer insight from industry experts who join the webinars to share their knowledge and de

China Classification Society (CCS) hasbeen named as the best performing International Association of Classification Societies (IACS) member for having the lowestDPI (Deficiencyper InspectionRatio)for bulk carriers. CCS secured the ranking i

On April 30, China Shipbuilding Tradingjoinedhandwith Jiangnan Shipyard, Hudong-Zhonghua Shipbuilding, and Qingdao Beihai Shipbuilding Heavy Industry, a subsidiary of Wuchang ShipbuildingIndustryGroup, to jointly undertake 22 orders for 3 t

On April 28, Shanghai Bluesoul Environmental Technology and CITIC Capital signed a strategic cooperation agreement. Shanghai Bluesoul completed 100 million yuan A round of financing, CITIC Capital fully subscribed. Among them, this round of

Chinese steel rebar and hot-rolled coils futures rose on Thursday, after Beijing announced adjustments on tax and tariffs for some ferrous products to support domestic crude steel production cuts. The countrys finance ministry said on Wedne