Capesize The first quarter of 2023 ended with a decline of $95 on the Capesize time charter average (5TC), pricing at $13,806 on the last day in March. This is about double in value compared with the start of the month. Brazil to Qingdao remained above $20 throughout...

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Bunkering at Fujairah would benefit from the transparency that mass flow meters confer and consequently attract more market players, but only if a mandate to use the units had robust backing from the authorities, according to bunker suppliers. Fujairah is the world’s...

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The aftermath of an oil tanker’s sinking in Philippine waters has exposed cracks in the country’s efforts to elevate its maritime industry to global standards. It has also brought about renewed calls to protect a crucial marine biodiversity zone from oil tanker...

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Lloyd’s Register has awarded Approval in Principle (AiP) to Hyundai Heavy Industries (HHI) for its new Onboard Guidance System, which is designed to prevent excessive container roll at sea for containerships. The system, developed through a Joint Development Project...

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Technology group Wärtsilä has again been contracted by the Hyundai Heavy Industries (HHI) shipyard to supply the Cargo Handling and integrated Fuel Gas Supply systems for Very Large Ethane Carrier (VLEC) vessels. This latest order, booked by Wärtsilä in Q1, 2023, is...

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COSCO SHIPPING Holdings Co., Ltd. announced its 2022 annual results. In 2022, COSCO SHIPPING Holdings overcame various difficulties and posted remarkable financial results. The Company’s earnings before interest and tax (EBIT) for 2022 increased by 29.77% to RMB170.78...

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