Samskip is proud to announce its partnership in the groundbreaking HyEkoTank project, an initiative supported by the European Union’s Horizon Europe program. As part of its ongoing efforts to reach net zero emissions by 2040, Samskip will retrofit its multipurpose...

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COSCO Shipping Development has announced its largest shipbuilding and leasing agreement since becoming a shipping finance operator in 2016. The deal includes the construction and leasing of 42 bulk carriers. As part of this substantial agreement, COSCO Shipping...

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The post-COVID era has been punishing for global trade. Lockdowns and factory closures sparked supply chain delays worldwide and helped fuel decades-high inflation. The Suez Canal was closed for a week in 2021 after a container ship got stuck. Attacks on shipping by...

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The Baltic Exchange’s dry bulk sea freight index .BADI jumped by more than 10% on Monday to register its best day in 18 months, propelled by gains in the capesize vessel segment. The overall index .BADI, which factors in rates for capesize, panamax and supramax...

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Director General of Planning. Development, and Resource Management at Iran’s Ports and Maritime Organization (PMO) said a 103 percent growth has been recorded in maritime and port services as the country is taking new measures to boost maritime-oriented economy....

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China’s state-owned Sinopec aims to lower its crude throughput by 1.6% in the second half of 2024 to 5.03 million b/d (or 126 million metric tons) from the first half, according to the company’s interim report released on Aug. 25. suggesting the...

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