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Maritime & Shipping

China’s export container shipping index drops in October

BEIJING, Nov. 17 (Xinhua) -- China's container transport for export purposes saw an overall decrease in October, according to the Shanghai Shipping Exchange (SSE). The average China Containerized Freight Index (CCFI) fell 4.6 percent month...

Ocean freight rates now pointing downward after November rise

After a brief November surge, spot rates for ocean freight appear headed lower again as container volumes disappoint. The rates for China to the U.S. West Coast (SONAR: FBXD.CNAW) are $1,486 per forty-foot equivalent unit...

Lawmakers told foreign ships threatening US maritime sector

Many of the laws governing American ships — considered some of the most stringent in the world — are not being applied to foreign vessels operating in U.S. waters, a spokesman for the U.S.-flag...

Hyundai Merchant Marine reports increase in revenue, smaller loss

Korean carrier prepares for new ship deliveries and joining THE Alliance in 2020. South Korea’s Hyundai Merchant Marine (HMM) (KS:11200) said that it had an increase in revenue and smaller operating loss in the third...

ESG ‘green’ push has ship owners seeing green(backs)

If you’re a landlord in a city with escalating housing demand — think San Francisco — you despise most regulations, but there’s one kind you absolutely adore: restrictions on development that curb construction of...

Oil Market Report: Pausing to reflect

The IEA’s World Energy Outlook 2019 published this week highlights the increasing disparity between the calm oil market of today and heightened geopolitical tensions. The calmness is supported by a well-supplied market and high inventories. This...

Baltic index posts losses for fifth straight week

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell on Friday to register its fifth consecutive weekly decline, as softer panamax and supramax rates offset an...

Wärtsilä and PSA Marine collaborate to achieve clean energy shipping

The technology group Wärtsilä and Singapore-based PSA Marine have agreed to collaborate in the co-creation of smart technologies for the marine sector. The focus will be on solutions that are human-centric and deployable. The...

U.S. natural gas production, consumption, and exports set new records in 2018

Source: U.S. Energy Information Administration, Natural Gas Annual 2018 The U.S. Energy Information Administration’s (EIA) Natural Gas Annual 2018 shows that the United States set new records in natural gas production, consumption, and exports in 2018. In 2018, dry natural...

U.S., India and other major trade partners demand compensation for Brexit-related trade loss

At the World Trade Organization meeting in Geneva, major economic powers like the U.S., India and Brazil that trade with the U.K. have raised concerns on the uncertainty surrounding Brexit, as their commercial losses...