Hong Kong, 23 February 2023 Pacific Basin Shipping Limited, one of the worlds leading dry bulk shipping companies, today announced the results of the Company and its subsidiaries (collectively the Group) for the year ended 31 December 2022.

Despite reports of global piracy declining for the second year in a row, the number of robbery incidents in the Singapore Strait reached a seven-year high in 2022 and vessels anchored in South American ports continue to be attacked by viole

Chinas new generation of high-performance ultra-large containership, NACKS 335, set off on a test voyage from Nantong City of east Chinas Jiangsu province on Tuesday morning. The mega vessel built by Nantong COSCO KHIShipEngineering Co., Lt

In what the Club has characterized as a disciplined renewal West PI retained 99% of its existing tonnage while gaining an additional 6m GT across the year. Adjustments throughout the year together with restorative action at renewal saw the

Norways Hegh LNG Fleet Management (HLNG). The renewed agreement includes delivery of spare parts and field maintenance services, as well as Wrtsils latest digital solutions and extends the value-adding cooperation between the two companies.

The Baltic Exchanges main sea freight index posted its second-biggest jump ever on Thursday, as rates for all vessel segments rebounded from their multi-year lows, led by capesizes. The overall index, which factors in rates for capesize, pa

Bruno Garcia is the new CEO of HAUG Sauer Kompressoren Kiel/St. Gallen. Swiss manufacturer HAUG Sauer Kompressoren AG appointed Bruno Garcia as its new CEO. He will take over the sole management by the 1st of march 2023. Garcia has already

RightShip data shows that in 2022, half of the incidents weve recorded occurred in ports and terminals. Where location data is available, 50% of incidents occurred within the port and terminal boundary, including at berth or using facilitie

Investors have bet on hydrogen as a green, maritime fuel for years. Millions of euros in funding and thousands of work hours later, how far have we come? Is it time to replace the green incentive with a stick? This years Nor-Shipping Hydrog

Today, shipping companies should look at carbon strategies compulsory and voluntary as impactful legislation is fast approaching. That was the message from a joint Baltic Exchange-Institute of Chartered Shipbrokers webinar, where expert spe

Hong Kongs financial secretary Paul Chan delivers 2023 Budget Hong Kongs maritime sector has long bemoaned the territorys lack of a long-term strategy for its development. This years budget speech, delivered yesterday by financial secretary

Here comes another top-10 list byContainer News. This time, we will see the largest container shipping companies in terms of owned carrying capacity. After checking the respective list of chartered carrying capacity , its time to take a loo

Gard chief executive Rolf Thore Roppestad Eleven months on from the first public announcement of the impending merger of PI Clubs North, and Standard, the merged unit officially launched on 20 February. In the interim there was much specula

The Baltic Exchanges main sea freight index jumped to the highest in more than three weeks on Wednesday, as rates for all vessel segments rose, led by capesizes. The overall index, which factors in rates for capesize, panamax and supramax s

The Chairs of the Round Table of International Shipping Associations met in Athens last week to renew their collaboration, in the first physical meeting since 2019. The leaders of the major shipping industry trade associations: Paolo dAmico