China’s largest sea ports posted strong performance in 2022 braving the negative impact from the COVID-19 pandemic, with Chinese industry and trade experts saying the resilience demonstrated by China’s ports are indicative of the country’s strong potential in...

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The Ministry of Corporate Affairs (MCA) has granted permission to a plan to split the core and non-core assets of Shipping Corporation of India (SCI), a move that will pave the way for the government to divest its 63 percent stake in the company. The ET reported that...

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Vesconite Bearings is proud to be associated with an exciting communication satellite launch that took place in September 2022. The company supplied marine bearings to a vessel that has historically transported launcher components, including communications satellites,...

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The Marine Environment Protection Committee (MEPC 79) of the International Maritime organization (IMO) has made progress towards revising the Initial IMO GHG Strategy, working towards adopting a strengthened revised Strategy in mid-2023 at MEPC 80. “I note and welcome...

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The Baltic Exchange’s dry bulk sea freight index on Tuesday posted its worst decline on record, pressured by waning rates across vessel segments due to weak demand from China amid surging COVID-19 cases. The overall index, which factors in rates for capesize, panamax...

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