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 to 1,184.
These rates are fast catching up with the...
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 of cocaine initially.
Another box ship was detected with 30...
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 second quarter of 2020, down 8% from the first quarter...
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 recorded a decline of 9.4% year-on-year.
Its newly received order...
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 2018.
Sustainable fuel sources include ammonia, LNG, biofuels, hydrogen, methanol,...
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 awareness of seafarersʹ vital role in world trade and increase...
‘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 1,000 tonnes of oil into the sea.
The oil has...
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 Korea Bio Energy Association, Hyundai Heavy Industries Co., Korea Shipbuilding...
[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 their lives.
Cases of the disease are continuing to surge...
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 blanked sailings and lower bunker costs mitigated the impact of...