On 31 August 2020, Fuel Gas Supply System (FGSS) of CSSC SMDERI was approved AIP by DNV GL. The FGSS subsystems can significantly reduce shipyard installation costs and owner maintenance costs. At the same time, the control system adopts ne

A.P. Moller - Maersk introduces strategic changes that will further improve customer experience and end-to-end service delivery. As part of this, the Safmarine brand will be integrated into Maersk to enhance customers access to the global i

Shanghai Waigaoqiao Shipbuilding completed and delivered the worlds first self-sailing vessel and the second Fast4Ward Floating Production Storage Offloading (FPSO) on August 31 for SBM OFFSHORE. The general FPSO is a new design concept shi

Indian Register of Shipping (IRClass), commends Kanagawa Dockyard Co. Ltd, Kobe, Japan on the successful delivery of tug, DOLPHIN NO. 29 on 19 August 2020. This is the fourth, in a series of 13 tugs, built for Adani Group. The tug will be e

Chinas major oil and gas companies are expected to face fewer headwinds in the second half of this year despite their profit drops during the first six months, as the novel coronavirus epidemic lockdowns and sagging global oil prices dented

COSCO SHIPPING Development Co., Ltd. (COSCO SHIPPING Development or the Company) (SSE: 601866, HKEx: 2866) today announced its interim results for the six months ended 30 June 2020 (the Period). In the first half of 2020, faced with the sev

China is set to record another month of strong iron ore imports in August, helping to justify the ongoing resilience in the price of the main ingredient in steel. Whats harder to quantify is exactly whats happening to all the steel being pr

Freight for the benchmark VLCC 270,000 mt Persian Gulf-China route tumbled to w29.5 on Aug. 28, marking the first time the route fell below the psychological level of w30 in the past five years. This was the third time the route fell below

With effect from 1st September 2020, the Maritime Port Authority of Singapore (MPA) will implement revised requirements to the process of crew changes.This is to enable crew changes to be better facilitated as well as mitigating the risk of

Yangzijiang Shipbuilding has received orders from SITC for up to 12 1800TEU feeder container ships with a total value of more than RMB1.7 billion. On August 30, SITC signed a contract with Yangzijiang to build 6+6 1800TEU container ships. T

CC-Ocean Project in Partnership with K Line and ClassNK Part of Japan Government Initiative to Support Development of Marine Resource Technologies - Worlds first marine-based demonstration test of CO2 capture to take place on K Lines coal c

On August 28, CSSC released its semi-annual report for 2020, showing that the companys operating revenue was 23.216 billion yuan, down 0.66% year-on-year. The net profit attributable to shareholders of the parent company was 134 million yua

VLCC The Middle East market softened slightly with rates for 270,000mt AG/China losing 2.5 points to settle around WS30.5 and owners are facing continued downward pressure, while the trip for 280,000mt to US Gulf via the cape/cape routing e

COSCO SHIPPING Ports Limited (COSCO SHIPPING Ports or CSP or the Company, SEHK: 1199), the worlds leading ports operator, today announced interim results of the Company and its subsidiaries (the Group) for the six months ended 30 June 2020.

August 28, 2020, Guangzhou Shipping ExchangePlatform (GSEP) and Industrial and Commercial Bank of China Guangzhou NanshaBranch had completed the first cross border trading of special purpose shipamong all domestic ship trading platforms, al