Container Spot Rates Positive At $ 4000 in Transpacific Tradelane

The Shanghai Containerized Freight Index (SCFI) is on a positive trend this week, with its comprehensive index ticking up another 16 points today...

Capesize Bulk Carrier Detained With 30 Kilos of Cocaine

Two Capesized bulk carriers were detained for cocaine trafficking simultaneously.  From bulk carrier FRONTIER FALCON, Anti-narcotics division and Coast Guard seized 25 kilos...

Wilhelmsen Group Release 2020 Q2 Profits

Wallenius Wilhelmsen has released results for the second quarter of 2020. Total income for the Wilhelmsen group was USD 197 million in the...

Chinese Shipbuilding Industry Records 9.4% Decline

China’s three major shipbuilding indexes all declined in the first seven months of this year. CANSI's first seven months was 20.03m dwt It...

Green Fuels To Become The Future of Shipping Industry

Shipping accounts for almost 3% (and rising) of man-made carbon dioxide emissions. The industry’s regulator set a series of emissions-cutting targets back in...

IMO Celebrates Seafarers in 2021 World Maritime Theme

World Maritime theme for 2021 has been selected as 'Seafarers: at the core of shippingʹs future'. It reflects a clear need to raise...

‘Mauritius Disaster’ Ship Prepared To Sink Amidst Environmental Concern

Salvage crews were preparing to sink Wakashio that ran aground off Mauritius. MV Wakashio broke into two after hitting a reef and spilling...

HMM Signs ‘Eco-Friendly Deal’ To Curb GHG Emissions

HMM has signed a memorandum of understanding (MOU) to promote the substantiation of the eco-friendly fuel bio heavy oil. The other parties are...

[Infographic] Tracking the Global COVID19 Hotspots, Rising Cases

Coronavirus is continuing its spread across the world, with more than 23 million confirmed cases in 188 countries. About 800,000 people have lost...

Effective Cost Controls Helped Asian Liners Q2 Profits

According to a Container News report, Liner operators Evergreen Marine Corporation, Wan Hai Lines, and Regional Container Lines (RCL)  reported profits for Q2 as...