Profits of HK $1.114 billion! Year-on-year growth of 24.8%! The performance of CSSC Leasing in 2020 is booming! On March 31, CCSC Leasing announced that it achieved profit of HK $1.114 billion in 2020, an increase of 24.8% year on year and

Amendments to IMO Convention will be forwarded for adoption at IMO Assembly in December 2021. The IMO Council has approved draft amendments to the IMO Convention to expand the size of the Council, extend the term of its Members and recogniz

Chinas imports of soybeans, as well as grains like corn and wheat, soared in the first quarter, boosted by strong demand from the livestock sector, data from customs showed on Tuesday. Soybean imports almost doubled in March alone year-on-y

Chinas iron ore imports rose in March from relatively low levels a year earlier, customs data showed on Tuesday, with demand for the steelmaking ingredient underpinned by robust industrial activity. The worlds biggest iron ore consumer brou

EMSAs regional RPAS service for enhanced maritime surveillance in the Baltic Sea began this week under the coordination of the Estonian Police and Border Guard, following initial steps taken in 2020. Using remotely piloted aircraft to gain

U-Ming Marine Transport Corporation, Taiwans largest publicly listed bulk carrier company, has secured its first Sustainability-Linked Loan(SLL) of USD45 millionwith E.SUN Commercial Bank, a testimony on itslong-standingcommitment and accou

On April 12, COSCO SHIPPING (Qidong) held the launching ceremony for N999 FPSO built for BP. The N999 FPSO project is the first floating production, storage and offloading tanker built by the Chinese shipyard for an African project of a lea

ABS has added another smart digital tool to its industry-leading environmental compliance support for shipowners and operators. ABS Emissions Reporterallows vessel operators to input and monitor their IMO Data Collection System (DCS) and EU

In response to the impact of the coronavirus pandemic on seafarers, DNV has instructed its safety management auditors to specifically address seafarer health, work and living conditions in their 2021 audits. The pandemic has in many cases m

On April 12, ZhongGu Logistics announced the annual report, dividend plan and private IPO plans and other announcements. According to its 2020 annual report, the top line of ZhongGu Logistics broke through 10 billion yuan for the first time

On April 8, New Dayang signed for the delivery of a Crown 63 bulk carrier to CDB Leasing. The new ship is christened PCL ALCOR. In recent years, the two sides have successfully built 16 new ships, including 7 Crown 82 bulk carriers and 9 Cr

The Baltic Exchanges main sea freight index, which tracks rates for ships ferrying dry bulk commodities, advanced on Monday, supported by improved demand for capesize vessels. The Baltic dry index, which tracks rates for capesize, panamax a

Driven by robust demand due to the rapid recovery in major economies, Chinas exports are expected to rebound sharply in the first quarter of 2021 to reach a growth of about 30 percent year-on-year and lift GDP growth to 18 percent in the qu

NAVTOR is continuing its evolution with the launch of a new operation in Denmark. The global leader in e-navigation, which recently moved into vessel analytics and performance optimisation with the acquisition of Tres Solutions, has today o

Asian cruise giant Genting Hong Kong has suspended construction of several ships at its shipyards after losing more than $1.7 billion in the past year due to COVID-19. Genting Hong Kong said its net loss widened to US $1.716 billion for FY