On November 17, Qingdao Port issued an announcement stating that the company has received a notice from the controlling shareholder Qingdao Port Group that the equity structure of Qingdao Port Group will change. After negotiation, the 100%

The worlds largest trade pact was signed on 15 November 2020 by leaders from 15 countries comprising all 10 ASEAN members and key partners of Australia, China, Japan, South Korea and New Zealand after nearly 10 years it was contrived at the

The Regional Comprehensive Economic Partnership agreement will be a strong growth driver for the shipping industry, logistics firms and major ports, industry experts said. Participating countries of the RCEP are the 10 member states of the

Beibu Gulf Port in southern Chinas Guangxi Zhuang autonomous region saw its cargo throughput rise 19.6 percent year-on-year to about 222 million tonnes in the first 10 months of 2020, according to Beibu Gulf Port Group. The Gulfs container

The Shanghai International Energy Exchange (INE) is considering using oil storage sites in Singapore owned by PetroChina Co as a delivery point for its low-sulphur fuel oil futures contract, according to two sources with direct knowledge of

Draft new mandatory regulations to cut the carbon intensity of existing ships have been approved by the International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC). This builds on current mandatory energy effici

Chinas commercial oil stockpiling sector, which emerged as a key swing buyer of crude as prices plunged earlier this year, is setting plans to grow again in 2021, supporting a further boost in imports. Private tank farm operators, refiners

Pacific International Lines (PIL, the Group), today announced the Groups unaudited financial results for financial year 2019 (FY 2019) and first half 2020 (1H 2020). Amid prolonged challenges and weak demand posed by the COVID-19 induced re

An ageing fleet of ships and historically low levels of newbuild activity present significant challenges to the International Maritime Organizations goal of reducing overall CO2 emissions from the shipping industry. The latest analysis of C

The Interim Report 3rd Quarter 2020 for A.P. Mller - Mrsk A/S is hereby enclosed. CEO of A.P. Mller - Mrsk A/S, Sren Skou, states: Despite COVID-19 negatively affecting activities in most of our businesses, our disciplined execution of the

On November 17, China State Shipbuilding Corporation held a logo release ceremony. Lei Fanpei, secretary and chairman of the Party Committee of CSSC attended the ceremony. Yang Jincheng, deputy secretary and general manager of the Party Com

CDB Leasings six wholly-owned special purpose companies entered into a ship purchase agreement with the seller on Nov. 16, 2020 to buy six 60,000 dwt bulk carriers with about $137.1 million. CDB stated that the company has paid a 10% deposi

The Port of Hong Kong squeezed out a positive result in October with container throughput of 1.56m teu, for a year-on-year increase of 0.7%. Drilling down into the figures reveals that the main Kwai Tsing Terminals handled 1.25m teu, an inc

The Baltic Exchanges main sea freight index was little changed on Tuesday as higher rates for panamax vessels countered a dip in the capesize segment. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, inch

At the grand final held today, three promising start-ups were named winners to the Smart Port Challenge (SPC) 2020. These winners were announced by Mr Chee Hong Tat, Senior Minister of State for Transport and Foreign Affairs. Todays grand f