Chinas comprehensive import price index for liquefied natural gas (LNG) rose last week, according to the Shanghai Petroleum and Natural Gas Exchange (SHPGX). The LNG index, not including tax and processing fee, came in at 2,531 yuan (about

The Tianjin Container Freight Index (TCI), an indicator of northern Chinas international container freight rates, remained unchanged from Wednesday at 531.28 points on Thursday. The statistical samples of TCI cover 19 international shipping

China granted export tax rebates or exemptions worth 812.8 billion yuan ($116.2 billion) in the first half of the year to relieve the financial pressure on enterprises amid the COVID-19 pandemic. Starting from March 20, the country raised t

Brookes Bell the global technical and scientific consultancy - announced plans to develop a high-end laboratory to deliver comprehensive metallurgy, fuel testing, paint analysis and non-destructive testing facilities. Aimed at delivering a

Matthieu Gasselin, New CEO of Sogemar Group, the Intermodal Arm of Contship Italia Group The board of Sogemar Spa, will appoint Matthieu Gasselin as new Chief Executive Officer of Sogemar Group starting September the 1st 2020. Gasselin, who

CSSCs Jiangnan Shipbuilding recently signed a contract with AW SHIPPIING LIMITIED to build three 86,000 cubic metre VLGC vessels. This type of ship is a LPG dual-fuel main engine independently developed and designed by Jiangnan Shipbuilding

By Mak Yuen Teen Hin Leong Trading Pte Ltd (HLT) and Ocean Tankers Pte Ltd (OTPL) being placed into judicial management raises important issues about the regulatory framework for private companies in Singapore, following a number of other p

On the morning of July 28, 2020, the commencement ceremony was held for the construction project of 14000kW large cruise rescue ship (upgraded version) of Nanhai Rescue Bureau undertaken by China Merchants Heavy Industry (Shenzhen). The shi

1.Xihe is currently working with its ship financing banks (Lenders) on a consensual restructuring of the Group. 2.Iron ore and steel futures in China closed higher on Thursday as Beijing aimed to complete local government special bonds issu

Iron ore and steel futures in China closed higher on Thursday as Beijing aimed to complete local government special bonds issue by end-October, which is seen as a stimulus for infrastructure projects. China has set the annual local governme

The Baltic Exchanges main sea freight index extended gains on Thursday, helped by a rise in rates for capesize and panamax vessel segments. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates

ReCAAP Information Sharing Centre Holds Dialogue with Shipping Industry to Strengthen Maritime Situation Awareness and Deepen Cooperation in Fight against Piracy and Sea Robbery in Asia Dialogue comes on the back of almost two-fold increase

The COVID-19 pandemic and plunging oil prices cause contract postponement and cancellation, resulting in 17% YOY fall in Wintermars 1H2020 revenue compared to 1H2019, with a gross loss of US$658,855 for the first half of 2020. --COVID-19 Pa

A new management team has been put in place to chart a fresh course for Singapore-based tanker shipowner Xihe Group of Companies (Xihe) which owns almost 140 vessels covering every segment of the fuel transportation market.Xihe is currently

Recently, the concept design of SEA BREATH small luxury cruise ship independently developed by Italian branch of China Merchants Cruise Research Institute has won AIP certificate issued by RINA. SEA BREATH, a small luxury cruise ship, adopt