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

Korean shipowner Sinokor once again ordered four 1,100 container feeder ships from Huangpu Wenchong Shipbuilding. The four new ships are scheduled to be delivered in 2022. The value of the newbuilding contract has not been announced. In add

1.Chinese authorities have tightened screening of crew members on vessels arriving at ports after several cases of COVID-19 were confirmed. 2.Rio Tinto said on Wednesday it saw a sharp V-shaped recovery in China as stimulus spurred industri

Chinese authorities have tightened screening of crew members on vessels arriving at ports after several cases of COVID-19 were confirmed on a single vessel heading from Brazil, a move that has raised concerns among buyers, sources told SP G

Rio Tinto said on Wednesday it saw a sharp V-shaped recovery in China as stimulus spurred industrial activity, helping its first-half profit handily beat market expectations. Rio Tinto is the first of the major iron ore miners to report res

China Tianjin Container Freight Index (TCI), an indicator of northern Chinas international container freight rates, stood at 531.28 points on Wednesday, up 0.01 percent compared with the previous working day. The statistical samples of TCI

Without a seaport, Hunchun, a border city in Northeast Chinas Jilin province, is aiming to build itself into a marine economy hub. Though we do not have a seaport, we have a lot of advantages in terms of location and other fields, said Piao

International Transport Intermediaries Club (ITIC) warns port agents to inform their regular principals of port fee and tariff increases, even if the details are in the public domain. This will avoid disputes as well as delayed reimbursemen

The Xihe Group of Companies (Xihe),a Singapore-based tanker shipowner which owns almost 140 vessels covering every segment of the fuel transportation market, is pleased to announce that it and its Lenders have adjourned court proceedings to