The Baltic Exchanges dry bulk sea freight index dropped to its lowest level in more than two years on Thursday, pressured by slowing demand for capesize and panamax vessel segments. The overall index, which factors in rates for capesize, pa

Hamburg, 02/02/2023:As China reopens after three long years of Zero-covid policy, early Lunar New Year and COVID infections kept the overall market bearish, but the January months global container trading and leasing data from Container xCh

TOKYO, Feb 2, 2023 - (JCN Newswire) - Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI) Group company based in Yokohama, has recently completed a conceptual study for an ammonia bunkering vessel capable of supplying amm

LONDON, 19th January 2023: Clean technology company Silverstream Technologies has signed an agreement with CSSC Jiangnan Shipyard Group Co. Ltd to supply its market-leading air lubrication technology, the SilverstreamSystem, on the newbuild

Pacific International Lines (PIL) introduced a new weekly direct service connecting the key ports of Thailand, Philippines and Singapore. The new service, known as Thailand Philippines Straits Service (TPS), will commence on 15 February 202

Despite falling 1.1% m/m in both November and December, US retail sales volumes remain 13% above 2019 levels and 6% higher than the pre-COVID trend. However, sales volumes could return to trend during 2023 and thereby pose a risk for Asia t

Global energy and commodity price reporting agency Argus today launched the worlds first independently assessed price for ship fuel that includes a biofuel component. The new B24 daily assessment reflects the market value of bunkers as ship

The commercialization of autonomous shipping has taken another step forward with the Korean Register (KR) and Liberian Registry (LISCR) awarding Approval in Principle (AiP) on 31 January for Hyundai Intelligent Navigation Assistant System (

Caption: (L-R) Aris Manassakis, COO; Grigoris Lamprou,CEO; Carsten Schmidt, VP of Sales; Angeliki Papathanasiou,HeadofOperations, Procureship.Credit: Procureship Procureship, provider of one of the worlds leading e-procurement platforms for

After a volatile 2022, leading shipbroker Simpson Spence Young (SSY) looks at the next 11months and highlights areas of particular interest in their 2023Outlook Report. Contributions come from a range of senior research and broking experts

AStandardised Vessel Dataset (SVD) for Noon Reportshas been launched by theSmart Maritime Councilfollowing the completion of a proof-of-concept project involving vessel operators OSM Maritime, Thome Group and V.Ships, offering a non-proprie

One member of a 12-man crew aboard the Chinese-registered Guo Xin 1 in Hong Kong waters has died of his injuries this morning (30 January). The 98m long vessel was located two to three knots southwest of the outlying island of Lamma at 8:45

WinGD and CMB.TECH bring combined expertise to zero-carbon fuel technology in groundbreaking collaboration for fleet of ammonia fuelled bulk carriers. Swiss marine power company WinGD and Belgian shipping and cleantech group CMB.TECH have s

The airline industry has been hit hard during the COVID-19 pandemic and seaborne jet fuel cargo volumes suffered along with it. In comparison to pre-pandemic levels, available seat kilometres dropped nearly 90% in early 2020. Initially, air

Copenhagen/Berlin The integrated logistics company A.P. Moller Maersk (Maersk) and the Berlin-based start-up Cozero are pleased to announce a partnership to develop analytics tools to improve Green House Gas (GHG) emissions visibility for i