Dubai: A.P. Moller Maersk (Maersk) and DP World Jebel Ali Port have entered a long-term partnership through which both parties will collaborate on various aspects of service delivery and work towards a common goal of decarbonising logistics

On January 12, 2023, Zhonggu Shipping held talks with Jiangsu Port Group and signed a strategic cooperation framework agreement. The two parties will focus on the strategic cooperation framework agreement, comprehensively strengthen port an

At the beginning of the new year, COSCO SHIPPING Heavy Industry (Zhoushan) once again won an order for the construction of a 154,000 dwt shuttle tanker from a Norwegian shipowner. The ship has a designed length of 278.9 meters, a width of 4

This aerial photo taken on Dec 13, 2022 shows a cargo ship docking at Ningbo-Zhoushan Port in East Chinas Zhejiang province. [Photo/Xinhua] Chinas total goods imports and exports surged 7.7 percent year-on-year to 42.07 trillion yuan ($6.26

China will debut the worlds first cruise ship covered by a 5G network later this year, thanks to a collaboration reached between CSSC Carnival Cruise Shipping Ltds own cruise brand Adora Cruises and China Telecom Corp Ltd Shanghai Branch. A

The Baltic Exchange, in collaboration with Freightos, and Vespucci Maritime, have released their container shipping report for January. Their opinion is that in 2023, container market conditions will be drastically different from 2022. A no

Inflation and increasing distances to transport oil arising from sanctions on Russian barrels could contribute to a doubling of freight costs in 2023, Rustin Edwards, head of fuel procurement at tanker firm Euronav NV, said at an industry e

Chinese New Year fails to bring joy for carriers, as blank sailings soar In a stark display of the weak demand undermining the containerized ocean freight industry, the latest data from Xeneta reveals carriers blankedmore than sixtimes the

At around 1505 on January 10, an empty tanker HONGPU 6 exploded and caught fire at 35.22.6N, 120.44.2E in Yellow Sea, trapping 17 crews on board. Fifteen have been rescued and two are missing , understood to be an AB and a MTM . The tanker

Weak economic activity, a 10.5% increase in domestic coal mining, and a recovery in coal imports from Mongolia via rail alleviated coal shipments to China in 2022. However, the end of Chinas zero Covid policy and an anticipated recovery of

The Inter-Club Agreement (ICA) was formulated by International Group of PI Clubs in 1970. It is intended to provide a relatively simple mechanism whereby liability for cargo claims arising under New York Produce Exchange Form (NYPE) or Asba

As Chinas new energy vehicle manufacturers continue to upgrade their technology and improve their production efficiency, exports have been booming. In Yuyao, Ningbo, Zhejiang province, the Lynk Co factory has achieved higher value-added pro

London Shanghai, 11th January 2023 :Silverstream Technologies today announced it has signed a deal with China Merchants Energy Shipping (CMES) to install its market-leading air lubrication technology, the SilverstreamSystem, on four 175,000

Belgian oil tanker and storage group Euronav disputes Frontlines right to end a merger agreement between the companies and is considering its options, including arbitration and legal action, it said on Wednesday. Oslo-listed oil transporter

On January 10, Wanhai Lines released data showing that Wanhais revenue in December 2022 was NT $11.458 billion, down 50.7% year on year; Revenue in 2022 was NT $258.87 billion, up 13.54% year-on-year. Wanhai explained that the revenue plung