On January 21, Ningbo Zhoushan Port will issue a total of no more than 2.635 billion shares to its controlling shareholders, Ningbo Zhoushan Port Group and SIPG, raising 11.215 billion yuan. Ningbo Zhoushan Port has been approved to issue 2

Shipbuilders in Korea, China, and Japan are having fierce competition in order to take a bigger share of the global LNG-powered vessel market. As the global energy demand is shifting to eco-friendly sources, the shipbuilding market is shift

Chinas Hudong-Zhonghua is to deliver the fourth and final conventional Yamal LNG carrier to a joint venture consisting of compatriot Cosco Shipping and Japans Mitsui O.S.K. Lines. The 174,000-cbm LNG Megrez is finalising its gas trials afte

Steel futures closed higher Monday in daytime trading on the Shanghai Futures Exchange. The most active construction steel rebar contract for January 2021 delivery was up 17 yuan (about 2.49 U.S. dollars) to close at 3,664 yuan a tonne. The

Dalian iron ore futures rose on Monday after a four-session run of losses, as strong demand outlook for the steelmaking ingredient in China offset concerns over data showing a steady rise in the countrys portside stockpiles. Iron ores most-

The Baltic Exchanges main sea freight index rose on Monday, snapping a 12-day long losing streak, buoyed by stronger rates for capesize vessels. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects r

Fast growing offshore windfarms expect low carbon service operations by support vessels, but supplying and handling biofuels is a challenge and the development of ammonia and hydrogen powered vessels still has a long way to go, explains lea

In his keynote address to the International Union of Marine Insurance (IUMI) annual conference, IUMI President, Richard Turner, focused on four areas that are set to exert maximum impact on the marine insurance sector of the future these we

Indian Register of Shipping (IRClass) has joined a select group of Classification Societies who have received authorisation as a Recognised Organisation from the US flag administration.The recognition is an appreciation of IRClass meeting t

On September 11, 2020, CSSC Huangpu Wenchong Shipbuilding made a major breakthrough in the independent research and development of ship type, which ushered in another good news for the company to receive orders. On the same day, CSSC Huangp

On September 11, as the worlds first self-propelled Fast4Ward universal Floating Production Storage and Offloadingvessel (FPSO) completed and left the factory, Shanghai Waigaoqiao Shipbuilding has completed and delivered 21 vessels from Jan

LNG bunkering demand is estimated to grow to 9 million mt by 2025 and just under 30 million mt by 2030, with LNG bunkering fleet growing to more than 8,000 by 2030 from an existing fleet of 556, Alan Heng, managing director for Asia at Pavi

Taiwans CTCI Corporation has won an engineering, procurement, construction and commissioning contract to build a regasification facility as part of Taipowers Taichung power plant. The deal has a price tag of about $19 billion Taiwan dollars

China continues to prove the market commentators wrong on the iron ore front, with the asian heavyweights imports still hitting record levels. In the past three months Chinas iron ore imports have climbed 20 per cent year on year, while yea

Stumbling Indian coal imports coupled with a lack of steel cargoes from China was forcing Supramax tonnage opening in Southeast Asia to accept considerably lower freight returns for trips into the Indian Ocean than for voyages within the Pa