On September 8, a delegation led by Mr. Li Fengli, Director of the Board and President of Shandong Port Group, visited COSCO SHIPPING and held talks with Chairman of COSCO SHIPPING Capt. Xu Lirong. During the meeting, the two sides indicate

China Minsheng Trust ordered 4+4 kamsarmax bulk carriers in CSSC Chengxi. It is reported that this is the companys first order. The new ship is expected to be delivered in January 2022, and the cost of a single ship will be between 27 milli

The subsidiaries of China State Shipbuilding Corporation received 36.1573 million yuan of government subsidies, including 35.8783 million yuan of revenue-related government subsidies and 279,900 yuan of asset-related government subsidies, m

The newbuilt vessel, Shenhai 01, features a full scope of ABBs electric, digital and connected solutions that help support sustainable operations and enhance safety and efficiency The first Chinese-built hybrid emergency rescue vessel is po

Mysteels PORTDEX 62% Fe Australian Iron Ore Fines index increased by Yuan 5/wmt ($0.7/wmt) on day to Yuan 966/wmt FOT Qingdao and including the 13% VAT on September 8, while the SEADEX 62% Fe Australian Iron Ore fines price declined by $0.5

China may have given oil markets false hope. A rapidly rebounding economy in the Asian powerhouse had initially revived demand, but bloated inventories and stockpiling by domestic refineries have exposed the fragility of prices. A look at C

Significant potential for small bore four-stroke engines in river-and-coastal market MAN Energy Solutions has announced that its Chinese license, CMP, has won a series of new, small-bore, four-stroke orders within the significant, Chinese,

On Thursday 3 September, the Very Large Crude Carrier (VLCC), transporting two million barrels of crude oil from Kuwait to Paradip Port (India), ran into trouble because of an explosion and a fire in the engine room. The location of the inc

Oslo, Norway, 08 September 2020 The behavioural and economic ramifications of COVID-19 will permanently reduce global energy demand, according to DNV GLs newly published Energy Transition Outlook. Compared to the pre-pandemic forecast, ener

The Brown Marmorated Stink Bug (BMSB) season has begun effective 1 September 2020. As usual, Australia and New Zealand authorities have set out their requirements for the current season 2020/21 to ensure that these bugs are kept out of thei

CMA CGM is pleased to announce that it will be enhancing its existing China India Express (CIX) service that connects Asia with the Indian Subcontinent region. The CIX enhancement will see Xingang and Pusan being added as its ports of call,

Tonnage providers have suffered the most so far, as they were left with many of the idle ships. Demand is showing signs of improvement, though, during a recession, it will be a long and drawn-out recovery. Demand drivers and freight rates T

High deliveries and low contracting have left the orderbook at multi-year lows, but with the poor outlook the current influx of new dry bulk ships orders is not what is needed. Demand drivers and freight rates The biggest story in the dry b

Huarun Dadong Dockyard has started to carry out the LNG refit project of Hapag -Lloyds 15000TEU ultra large container ship Sajir, which is the worlds first dual-fuel conversion project of ultra large container ship. On August 31, container

Bank of Communications Financial Leasing (BCFL) once again investing in container ships. Bocomm Leasing has signed a chartering contract with Sinokor Merchant Marine for four ships belonging to this South Korean shipping company. This also