Once again seafarers are falling victim to the lack of focus and joined up thinking from leaders of governments and the maritime industry, which has become apparent during the current on-going crew change crisis. The vaccination lottery tha

Seaspan Corporation (Seaspan), a wholly owned subsidiary of Atlas Corp. (Atlas) announced that it has entered into an agreement with Jiangnan shipyard for six 15,500 TEU modern newbuild container ships (the Vessels) with anticipated deliver

Shipping operates 24 hours a day, seven days a week, and 365 days a year, and is responsible for carrying more than 80 percent of the global trade by volume. Vessels transport not only big shipments such as crude oil or iron ore, but also g

The Baltic Exchanges main sea freight index that tracks rates for ships ferrying dry bulk commodities declined on Tuesday, weighed down by muted demand across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax a

COSCO SHIPPING Ports Limited, the worlds leading ports operator, today announced full-year results of the Company and its subsidiaries (the Group) for the year ended 31 December 2020. 2020 Fourth Quarter Results Highlight Revenue increased

March 29, 2021 - Evergreen Line confirmed that EVER GIVEN has been successfully refloated within the Suez Canal at approximately 15:04 March 29 local time. In order for the Canal to resume normal operation, the vessel is leaving the groundi

Shippers are facing increasingly difficult negotiations over long-term contracted rates in a market described as nothing less than red hot. Rates climbed by a further 2.2% in March, consolidating gains of 9.6% in February and 5.9% in Januar

Salvage teams freed the Ever Given in the Suez Canal, according to maritime services provider Inchcape, almost a week after the giant vessel ran aground in one of the worlds most important trade paths. While the ship is floating again, it w

The market volume gradually picked up, the composite index rose slightly Ningbo Containerized Freight Index:In the week ending Mar-26, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 2040.2 points,

Chinas light cycle oil, or LCO, imports are expected to rally in March/April amid a possibility of imposition of consumption tax on the fuel in May, traders said. LCO, mainly supplied by South Korea, is a common blendstock for gasoil and it

There are currently around 30 tankers above 25,000 dwt waiting to cross the Suez Canal. We expect most vessels in ballast will decide to wait until the situation clarifies and, if fixed on a charter party, will likely get cancelled by chart

The ongoing blockage of the Suez Canal has resulted in ships diverting south to transit around the Cape of Good Hope, potentially taking them through the High Risk Area. It is noted that whilst the threat of Somalia-based piracy is currentl

Canal Crisis Since Tuesday, the closure of the Suez Canal has dominated mainstream media headlines around the world. At first there was a general sense that the situation would be resolved in a matter of days but here we are on Friday with

On March 25, China MerchantsEnergy Shipping released its 2020 annual report. The company achieved operating income of 18.073 billion yuan in 2020, a year-on-year decrease of 2.88%; The net profit attributable to shareholders of listed compa

Benchmark Dalian iron ore rose for a third straight session on Thursday, as spot prices in China stabilised after a recent sell-off following improved demand and easing worries about production cuts in the countrys steelmaking hub. Market p