The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, extended losses on Wednesday and marked its biggest one-day fall since mid-February due to weaker demand for larger vessels. The overall in

Procureship, provider of one of the worlds leading e-procurement platforms for marine buyers and suppliers, has partnered with fellow Greek company Oriani to further expand the digitialisation efforts of Greek shipping companies. Oriani adv

Reaching 116.1 million tonnes, Chinese refineries output hit a new high for the first two months of the year. Increases in exports and domestic transportation demand, following higher export quotas and the lifting of COVID restrictions, are

Chinas foreign trade has gotten off to a good start this year, with an upbeat trend to follow, a customs official said on Monday. The number of containers for export has been rising since late February, Yu Jianhua, head of the General Admin

The technology group Wrtsils successful and highly efficient Wrtsil 31 diesel engine is being upgraded for higher power output than ever before. The upgraded version delivers an increased power to size ratio within the same physical footpri

On March 20, China Development Bank Financial Leasing announced that it plans to acquire two LNG carriers from GasLog for $284 million. Two wholly owned companies of China Development Bank Financial Leasing acted as the buyer, with the sell

Copenhagen, Denmark:A.P. Moller - Maersk (Maersk) announces the inaugural flight of the logistics companys new air freight service with scheduled flights between Billund, Denmark (BLL) and Hangzhou, China (HGH). The new service is respondin

The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday, weighed by weakness in the capesize and panamax segments. The overall index, which factors in rates for capesize, panamax

Optimarin is establishing a manufacturing base in China to boost the availability of its well-proven ballast water treatment system (BWTS) for the Asian shipbuilding market as it also targets further retrofits of the existing fleet. The lea

UBS plans to acquire Credit Suisse. The combination is expected to create a business with more than USD 5 trillion in total invested assets and sustainable value opportunities. It will further strengthen UBSs position as the leading Swiss-b

The freight rate of some routes rose, and the composite index stopped falling and stabilized Ningbo Containerized Freight Index: In the week ending Mar-17, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE)

Introduction Ahead of the Capital Link Annual International Shipping Forum in New York, we assessed the impact of Carbon Intensity Indicator (CII) on the global fleet using VesselsValue data. CII is becoming increasingly influential in the

A Memorandum of Understanding (MoU) has been signed by the International Maritime Organization (IMO), the Ministry of Climate and Environment of Norway, and the Maritime and Port Authority of Singapore (MPA), with the intention to collectiv

The Baltic Exchanges main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up on Monday as rates for the larger capesize vessel segment rebounded. The overall index, which factors in rates for capesize, panam

The latest Shanghai Containerized Freight Index (SCFI) was 909.72 points, up 3.17 points or 0.3% from the previous week. The latest report fromShanghai Shipping Exchange shows that after a period of adjustment in Chinas export container tra