On May 15, according to the website of Ministry of Human Resources and Social Security, the State Council appointed Wang Gang as Vice Minister of Ministry of Transport. According to the May 11 meeting of the party group meeting of Ministry

Photo: cnsphoto China exported 1.07 million vehicles in the first quarter of 2023, surging by 58.3 percent year-on-year, data from Chinas General Administration of Customs (GAC) recently revealed, indicating that China has now become the wo

On May 8, COSCO SHIPPING Heavy Industry (Yangzhou) started to build the second 700TEU electric container ship (N998) owned by COSCO SHIPPING Development, in the presence of the shipowner, ship survey authority, maritime department, and ship

Panamas Directorate General of Merchant Marine Rafael Cigarruista (centre) The Panama Maritime Authority (AMP) and Panamas main maritime associations concluded the meetings for the revision of the General Merchant Marine Law, law 57 of Augu

Yang Ming Marine Transport Corporation (Yang Ming) today (May 12) held the 383rd Board meeting that passed the Q1 2023 financial report and approves the procurement of LNG dual-fuel container vessels. According to this report, the consolida

Lost in Transit Disruption to crude exports is nothing new, however recent geopolitical events have highlighted the precariousness of crude exports in some parts of the world, particularly where exports involve transiting another nation. In

January 19, 2023, two of the worlds top 10 ship management companies, OSM Maritime Group (hereinafter referred to as OSM) and Thome Group (hereinafter referred to as Thome), issued a joint statement announcing that the two companies will me

Recently, Bank of Communications Financial Leasinghas successfully launched a five-year LNG ship financingprojectwith Standard Chartered Bank and ICBC, with a total amount of $200 million. This project is the first ship financingproject lin

Most routes have sufficient space and the composite index continues to fall Ningbo Containerized Freight Index: In the week ending May-5, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 705.5 point

On May 10, 2023, we held naming ceremony for one 50,000 DWT Product Oil/Chemical Tanker (IMO Type 2) with Hull No.0405030. New Times Shipbuildings Executive Deputy General Manager Mr. Zhang Yuyong,Deputy General Manager Executive DirectorMr

Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee, on Thursday visited HuanghuaPortin Cangzhou City of north Chinas Hebei Province to learn about the operation and development planning of

Slow steaming has been long touted as a vital component in meeting Carbon Intensity Indicator (CII) requirements, a benefit that leading broker Clarksons has largely refuted following research by its green transition team. Clarksons claims

Hamburger Hafen und Logistik AG (HHLA) welcomes the decision of the German government to approve the 24.9 percent minority shareholding of the Chinese company COSCO Shipping Ports Limited (CSPL) in Container Terminal Tollerort (CTT). All is

On May 10, CSSC (Hong Kong) ShippingCompany signed a financialleasingcontract with Italian company MOBYfor two luxury ro-ro passenger ships. [Photo: CSSC Shipping] The two ships were built byGuangzhou Shipyard International. GSI has been eng

IMO is participating in global efforts led by the World Health Organization (WHO) to better prepare for possible future disease pandemics. Before the COVID-19 pandemic, WHOs focus was mainly on preparedness planning according to types of pa