Cosco Shipping International (Singapore) has appointed Wang Shan He as its new executive director, chairman of the board and president. Wang’s appointment comes after outgoing executive director, chairman and...
The liquefied natural gas (LNG) shipping market is set to tighten capacity by the end of 2027, as ageing vessels are retired and fuel supplies grow, which in turn...
As the exchange rate rises (won weakness) and maritime freight rates remain strong, the shipping industry is expected to perform well this year. Last year, as maritime freight rates...
The global shipping industry still faces significant challenges in decarbonization, where China can play a critical role, said industry experts and company executives. Decarbonizing the global shipping industry is...
Greece’s biggest port Piraeus is operating normally following a U.S. blacklisting this week of its majority owner, China’s largest shipping group COSCO, while the Greek government is examining its...
Clean LR2 MEG LR2 freight strengthened this week off the back of significantly improved demand generating firming sentiments. TC1 75Kt MEG/Japan jumped 14.33 points to WS132.22. A run to...
The Atlantic Panamax markets entered the fourth quarter with a cautious outlook due to the ongoing lag in demand for the sub-Capesize sector. The Atlantic market was poised for...
Americas crude exports started to stagnate during the second half of 2024 with the US, the largest exporter, showing signs of slowdown. Similarly in Canada, exports out of Vancouver...
As part of its mission to achieve net zero emissions by 2050, the Ministry of Transport, Communications, and Information Technology (MTCIT) has decided to establish yards for recycling and...
As a result of market research conducted at Azerbaijan Caspian Shipping Company CJSC (ASCO), the Capital Maritime and Trading Corp shipping company has added a new Aframax tanker with...
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