On April 23, the first ship of IMO Ⅱ chemical tanker project of Shandong Shipping Corporation was successfully completed and delivered. SOLAR SALLY, the first ship of the project, will soon set sail to provide global oil product transport

Shipping was vigorous as the holiday approaches, and the composite index continued to rise Ningbo Containerized Freight Index: In the week ending Apr-16, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) qu

The composite index inched up 0.2% or $8 this week, and also, remains 226.7% higher than a year ago. The average composite index of the WCI, assessed by Drewry for year-to-date, is $5,096 per 40ft container, which is $3,292 higher than the

The Baltic Exchanges main sea freight index climbed on Friday to post its best weekly gain since mid-February thanks to higher demand for capesize vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels

Around 450 maritime leaders and industry professionals from around the world gathered online today to discuss a global approach towards decarbonisation and digitalisation of the maritime industry at the Future of Shipping Conference (FOSC).

On17 Apr 21,two incidentsoccurred to ships while underway offTanjung Pergam, Bintan Island, Indonesia.The two incidents occurred within aninterval of four hours and in close proximity to each otherin theeastbound lane of the Traffic Separat

The Future of Black Gold? Last week we wrote about the future of North Sea oil production and how it is a story of two halves. With production in the UK sector on a downward trajectory, whilst in the Norwegian sector the recent start-up of

On the morning of April 22, New Times Shipbuilding held a signing ceremony for the delivery of 6# 325,000 dwt VLOC for Pan Ocean, marking the completion of the project. The six 325,000 dwt VLOCs ordered by Pan Ocean have a total length of 3

A growing array of ocean industry stakeholders are throwing their hats in the hydrogen ring, identifying the potential of a fuel that, they believe, could help industry, and society, move successfully towards our shared climate goals. With

On April 21, China Shipbuilding Trading and Huangpu Wenchong signed a contract for the construction of four 1900TEU container ships with BRIESE, a European ship owner, through cloud signing. Since the beginning of this year, Huangpu Wenchon

The Baltic Exchanges main sea freight index that tracks rates for ships carrying dry bulk commodities extended gains, rising to its highest since late 2010 on Thursday as capesize rates jumped on strong Chinese iron ore demand. The index, w

ONEX Peace, an Aframax tanker built by Hyundai Samho Heavy Industries and delivered to its owner ONEX, has become the worlds first merchant ship to receive DNVs SILENT-E notation. DNV is the first classification society to offer an underwat

Shippers, freight-forwarders, liner operators and everyone within the ocean container freight value chain can now access reliable real-time intelligence of fluctuating daily rates with the launch of the Xeneta Shipping Index (XSI) for thesh

To attract, retain and upskill talent in the fast-transforming maritime sector, a set of initiatives were unveiled today by Mr Niam Chiang Meng, Chairman of Maritime and Port Authority of Singapore (MPA). The announcement was made at the Ma

The sixth 210,000 dwt bulk carrier HUI TAI HAI (N951), contracted by COSCO Shipping Heavy Industry (Yangzhou), was christened in Yangzhou on April 20. The 210,000 DWT Newcastle bulk carrier is 299.95m in length, 50m in width and 25m in dept