Both the fundamentals and market sentiment will be lending support to Chinas steel prices in general and rebar in particular in September, and coke and scrap prices may stay on their uptrends while iron ore price may recede from the highs,

A total of 86 vessels carrying 13.58 million mt of iron ore arrived at major Chinese ports during August 23-29, SMM estimates. This was down 950,000 mt from the previous week, but up 2.23 million mt from the same period last year. The amoun

On the afternoon of August 25, a delegation led by Chief Accountant of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), Ms. Bai Yingzi, visited COSCO SHIPPING for an inspection. Chairman of COSC

While total agricultural export volumes are now solidly up in the first half of the year, they are not mind-blowingly high, and export volumes in the first quarter of 2020 certainly offered little help. A significant rise in demand for ship

Two global leaders in maritime procurement and project management have joined forces to offer port and terminal operators a turnkey solution that cuts procurement costs and overheads while also increasing staff productivity. Lifecycle contr

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