For the second quarter ended 30th June2020, total volumes were 4.6% down from the same period last year. Total revenues increased by 1.1% to US Dollars 1,583.8million. Loadable capacity decreasedby6.4%.The overall load factor was 1.6% highe

China imported a total of 101.7 million mt of iron ore in June, the second highest monthly imports on record, latest China Customs data showed, underpinned by robust demand from the Chinese steel mills and a recovery in supply from major ir

The Baltic Exchanges main sea freight index fell for the sixth straight session to a more than one-month low on Monday, weighed down by weaker demand for all vessel segments. The Baltic dry index, which tracks rates for ships ferrying dry b

The China Tianjin Bulk Freight Index (TBI), an indicator of northern Chinas international bulk freight rates, stood at 746.90 points on Monday, down 2.84 percent compared with the previous working day. The statistical samples of TBI cover e

Recently, there have been media reports about the irresponsible behavior of individual practitioners. A few rotten apples have brought disrepute not only to their peers but also to the industry, which has been working extremely hard to ensu

New Times Shipbuilding is expected to win orders from mining giant BHP for five LNG Newcastlemax bulk carriers valued at $330 million, which will be the first LNG bulk carrier to be built by New Times. Singapore-based Eastern Pacific Shippi

On July 24, the first 12690TEU container ship YM TRIUMPH built by Yangzijiang Shipbuilding for Greek shipowner COSTAMARE was successfully delivered. COSTAMARE has a total of 5 ships of this project series, which will be built in Yangzi Xinf

1.Chinas crude oil imports from Saudi Arabia rose 15% in June from a year ago,as refiners ordered record volumes of the fuel in March and April. 2.Alphabulk, part of AXSMarine, has compiled its annual list of the worlds largest capesize own

Located at the heart of the American continent, Panama is known as the crossroads of the world, with the second-largest free-trade zone in the world and largest in the Western Hemispherethe Coln Free Trade Zone. The world-famous Panama Cana

Taiwan resumed an island-hopping ocean cruise on Sunday, joining a handful of places in the world to restart voyages after the coronavirus pandemic brought the industry to a virtual standstill. Some 900 holiday makers are adapting to new sa

Crude throughput at Chinas domestic refineries is likely to hit another record high in July as the state-owned oil companies, which collectively account for 69% of the countrys refining capacity, have boosted their average utilization rate

Chinas index of export container transport edged up in the past week, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) stood at 870.83, up 1 percent from a week earlier, according to the exch

Chinas crude oil imports from Saudi Arabia rose 15% in June from a year ago, as refiners ordered record volumes of the fuel in March and April when oil prices tumbled, cementing the kingdoms position as the top oil supplier to China. Import

COVID-19 outbreak lasted for half a year, seafarers from all over the world have been performing their duties and transporting goods, especially necessities, to all parts of the world, so that all countries can replenish their supplies unde

Newport Shipping offers a full range of services for LNG conversions for clients to meet the challenge of achieving the IMO 2050 decarbonisation goals. The International Maritime Organizations (IMO) 2050 targets, through its marine pollutio