On April 13, ZhongGu Logistics announced that it plans to raise no more than 3 billion yuan for container ship purchase projects. ZhongGu said it will raise 1.5 billion yuan and invest a total of 3.9514 billion yuan in the construction of 1

The contest for the laurel of becoming the worlds largest shipbuilder between China and South Korea has become more intense, and a South Korean advance in new orders of late serves as a reminder of the need for Chinese shipbuilding companie

Egypts Suez Canal Authority (SCA) agreed with a Chinese shipbuilder to build five tugboats and the contract will be signed very soon, SCA Chairman Osama Rabie told Xinhua. Without mentioning the name of the Chinese company, Rabie noted that

The Australian Jimblebar Blend Fines, or JMBF, slipped from premiums into discounts against the 62% Fe index as demand for iron ore fines with lower ferrous content and higher impurity levels dropped due to stricter quality requirements amo

The Panama Canal Authority (ACP) has announced that it will postpone price increases on canal transit fees which were due to come into effect tomorrow. The announcement follows a joint letter sent by the International Chamber of Shipping (I

GTT announces that it has received an order from its partner the Chinese shipyard Hudong-Zhonghua Shipbuilding (Group) Co. Ltd. for the tank design of a new LNG carrier on behalf of the Chinese ship-owner ShenZhen Gas Corporation Ltd. GTT w

Global resources company BHP, German shipping company Oldendorff Carriers, and advanced biofuels pioneer GoodFuels, with the support of the Maritime and Port Authority of Singapore (MPA), conducted the first marine biofuel trial involving a

The Suez Canal Authority (SCA) has welcomed Mohab Mamish, one of the largest dredgers in the Middle East and Africa. Mohab Mamish was built and delivered by Royal IHC of the Netherlands, a global dredger builder. It was loaded by the 50,000

On April 12th, the 910FEU reefer container ship of CSSC Chengxi Shipyard was signed and delivered. The delivery of the vessel marks a major victory for Chengxi Shipyard in its foray into the market of reefer container ships. The 910FEU reef

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