After the bankruptcy auction, Zhenghe Shipyard, which was once a star shipbuilding enterprise in Zhejiang Province, will completely withdraw from the shipbuilding industry and transform into the field of environmental protection building ma

XindeMarineNewshasjoinedthecallingonseafarersacrosstheworldtosoundtheirshipshornswheninportat12.00localtimeonInternationalWorkersDayon1May2020launchedbytheInternationalChamberofShipping(ICS)anditsglobalnetworkofnationalmemberassociationsand

The Schulte Group, one of the largest ship owners and managers, has announced that ithas signed an intended agreement with the Shanghai Pudong New Area Municipal Government to transformits existing China presence in Shanghai to a headquarte

The direct liner ship line that links Zhanjiang in Guangdong province and Shanghai was officially launched with the Dong Run 5 liner ship from Shanghai berthing at the Baoman Container Terminal at Zhanjiang Port on April 26. This is the thi

Oil tankers are massing off the coast of California and elsewhere as burgeoning supplies leave producers scrambling to find storage. Stay-at-home orders issued by governments worldwide to slow the spread of COVID-19 have reduced global crud

The board of directors of the Company (the Board) announces that Mr. YANG Liang Yee Philip has been appointed as an Independent Non-executive Director of the Company with effect from 29 April 2020. Mr. YANG, aged 71, is currently an indepen

19 April 2020 - the CMES vessel Pacific Auspice drifting at sea for 65 days eventually had a homecoming to the country with a smooth shift change in Dalian Port. This was also the first time when the crew had successfully changed shift in D

US oil nosedived below $11 a barrel on Tuesday after a major exchange-traded fund started selling its short-term contracts of the commodity, and storage concerns mounted as the coronavirus strangles demand. West Texas Intermediate, the US b

The Maritime and Port Authority of Singapore (MPA) will provide further financial support to the maritime industry in the wake of the global COVID-19 (Coronavirus Disease 2019) outbreak. The maritime sector is key to Singapores economy. Sea

1.China is set to release its first-ever quotas to export VLSFO with total volumes of 10 million tonnes for this year, six industry officials with knowledge of the matter said on Tuesday. 2.The challenges faced by seafarers during the COVID

On April 29, China Shipbuilding Trading, Shanghai Waigaoqiao Shipbuilding, Guangzhou shipyard International and Bank of Communications Financial Leasing signed 12 120,000-ton dual fuel tankers construction contracts in Beijing, Shanghai and

On April 24, CSSCs 2020 second-phase corporate bonds were successfully issued on Shanghai Stock Exchange, with a scale of 3 billion yuan, a 3-year term, and a coupon rate of 2.38%. The corporate bond hit a record low in the domestic issuanc

The index developed by Shanghai Shipping Exchange has been there since 2009 and has been recognized by the related industries, and many would hedge the freight risks by buying or selling this particular freight index. Also freight traders w

China is set to release its first-ever quotas to export very low sulphur fuel oil (VLSFO) with total volumes of 10 million tonnes for this year, six industry officials with knowledge of the matter said on Tuesday. The quotas, which followed

Move over FedEx. Now theres a new fruit express shipping line for Southeast Asia. The line was officially launched on Monday at Dalian port in Liaoning province by China COSCO Shipping Corp. The first vessel for the Dalian route, the CSCL S