On September 9, Tianjin Southwest Maritime Limited signed a contract for the construction of two 98,000 cubic meters of VLEC with Jiangnan Shipbuilding. The order marks Southwest Maritimes entry into the VLEC market. The company currently h

The Board is pleased to present the interim report of Jinhui Holdings Company Limited (the Company) and its subsidiaries (the Group) for the six months ended 30 June 2020. INTERIM RESULTS The Groups revenue for the first half of 2020 was HK

Recently, Chinese ports are strengthening epidemic prevention and control measures on vessels having changed crew overseas within 14 days, especially for Pilipino seafarers or vessels that have changed crew members in the Philippines. Backg

The Baltic Exchanges main sea freight index dropped on Thursday for an 11th straight session, pressured by a dip in capesize and panamax vessel rates. The overall index, which factors in rates for capesize, panamax, supramax and handysize s

The Oil Companies International Marine Forum (OCIMF), the voluntary association of oil companies, announced it has overhauled its committee structure to focus its resources on identifying and mitigating issues of highest-risk to its members

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