Speaking at todays IUMI (International Union of Marine Insurance) annual conference, Sean Dalton, Chair of IUMIs Cargo Committee reported the majority of marine cargo markets geographically can best be described as hard or improving amid si

On September 17, Dalian LNG terminal officially opened to the public, marking that the only LNG terminal port in the northeast provinces has officially opened to the public. This will play an important role in building Dalian into an intern

China Shipbuilding Industry Company, a listed unit of China State Shipbuilding Corporation, has received nearly 53 million yuan in government subsidies, bringing the total to 104 million yuan so far. On September 18, China Shipbuilding Indu

Chinas shipbuilders received new vessel orders totalling about 15 million dead weight tons (dwt) over January-August, or down 4.5% on year, according to the latest data from the China Association of the National Shipbuilding Industry (CANSI

Following its successful provision of logistics services from 2018 to 2020, COSCO SHIPPING Project Logistics, a subsidiary of COSCO SHIPPING, has recently renewed cooperation contract with Harbin Hafei Airbus Composite Manufacturing Centre

Cargo throughput at Chinas major ports has continued to recover as economic activities have normalized amid effective epidemic control measures, data from the China Ports Association showed. Cargo throughput monitored by the association wen

Fractured relations between the US and Hong Kong have rattled some shipping cages, but in terms of trade disruptions the US Hong Kong Normalization plan looks to have more bark than bite. President Donald Trumps Executive Order on Hong Kong

The global bunker industrys smooth transition into the low-sulfur era mandated by the International Maritime Organization has sent a strong signal to the sector that it can achieve its next goal of decarbonization equally free of hurdles, i

VLCC Another lacklustre week has seen a slight downturn in rates for most of the routes. The Middle East market has seen rates drop two to three points as 270,000mt AG/China is now W35, while 280,000mt to USG via the cape/cape routing is as

The Korean Register (KR, Chairman CEO, LEE Hyung-chul) has presented Hyundai Heavy Industries (HHI) with the worlds first Cyber Security (CS Ready) class notation for a very large liquefied petroleum gas (LPG) carrier. The presentation took

As with most crude tanker markets, the Aframax and Suezmax sectors have remained under pressure since June. Part of this downside is not too dissimilar to the typical seasonal weakness seen during the summer months, although in most cases t

The impact of COVID-19 has forced many yacht owners to return their vessels to their home port or to a local yard for maintenance. Whilst this is positive in terms of vessel up-keep, the growing accumulation of high-value yachts in a single

On July 24, On July 24, the 108th meeting of the 18th CSRC in 2020 was held. The audit results showed that Shanghai ZhongGu Logistics Corporation was first approved. On September 15, ZhongGu Logistics completed the online IPO roadshow; On S

Under the background of the continuous spread of the global epidemic situation, the Export-Import Bank of China fully supports the shipping enterprises to resume production and smooth operation through the letter of guarantee business. EIBC

China Petroleum Chemical Corporation (Sinopec) has reportedly purchased 10 LNG cargoes for delivery from November to March next year. Citing industry sources, Reuters reports the purchase through a tender could well be in preparation for an