Economic Headwinds In early April, the OPEC+ coalition madea surprise decision to implement fresh productioncuts, withconcerns over theglobal economy and banking crisis being cited as one of the reasons behind the cut. Oil prices rallied as

Qingdao Shipyard signed a shipbuilding order for four 82,000DWT bulk carrierswith internationally renowned shipownerSeatankers, and there are four ships waiting to be signed. This is another international shipbuilding order after206,000dwt

Southeast Asia is a renewable boom waiting to happen. With rising demand and a near-untapped alternative energy market, the region has the opportunity to become a leader in sustainable fuels and reduce its hydrocarbon dependency. Southeast

Oslo, 15 May 2023 - A new report from DNV and Lloyds List Intelligence, Maritime safety trends 2012-2022: Advancing a culture of safety in a changing maritime landscape, found a surge in the number of safety incidents involving machinery da

Box throughput at the Port of Hong Kong in April saw its steepest year-on-year decline on record. The Kwai Tsing terminals and mid-stream operators recorded a total throughput for the month of April total 1.255m teu, reflecting a decrease o

[Photo/VCG] Two bodies were found on Thursday afternoon after a Chinese deep-sea fishing vessel capsized on Tuesday in the Indian Ocean with 39 crew on board, the Ministry of Transport said on Thursday. Nine Chinese vessels and one foreign

On May 17, Guangzhou Yuanhai Automobile Shippingsigned an overseas strategic cooperation agreement with PWLShippingGmbHCo.KG (PWL), marking the official entry ofYuanhai Automobile Shippinginto the EuropeanPCTC market together with professio

The Shanghai Shipping Exchange has recently released the Global (Main Trades) Overall Schedule Reliability Indexin April. The schedule reliability of COSCO SHIPPING Lines and OOCL, the subsidiaries of COSCO SHIPPING Holdings, reached 77% an

China has launched an emergency response after a Chinese deep-sea fishing vessel capsized on Tuesday in the central Indian Ocean, and search and rescue work is underway, the Ministry of Transport said on Wednesday. The incident occurred at

Brussels, 17 May 2023 Trade and business representatives stand ready to work with all EU institutions to make the customs union a driver of future competitiveness for the EU. From a liner shipping industry perspective, the undersigned trade

Carrier Transicold will unveil its sustainable and electric temperature-controlled transport units at the Brisbane Truck Show. Alongside the all-new Syberia eCool, Eco-Drive 30T, Xarios 6 and Vector HE 17 systems, the companys flagship Vect

During a visit to Bangladesh by Norwegian authorities, the Norwegian Shipping Association, the European Community Shipowners Association, the International Chamber of Shipping and BIMCO, between 8-11 May 2023, the Bangladesh Government conf

Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount recycled in the previous ten years. As recycling volumes inc

(Photo by Hao Xiaotian/Xinhua) GUANGZHOU, May 16 (Xinhua) -- The luxury ro-ro (roll-on/roll-off) passenger ship Moby Fantasy set sail for Italy from south Chinas Guangzhou. Independently built by Guangzhou Shipyard International Co., Ltd.,

Capesize The capes started the week on an upbeat note. All three majors were active in the market at the beginning of the week, resulting in a healthy volume of cargo from West Australia to China. As a result, rates pushed up accordingly, t