IMO Secretary-General Kitack Lim has asked the United Nations system agencies to support IMO in its request to governments to declare seafarers, port personnel and other crucial maritime workers as key personnel. Mr. Lim made the plea durin

The China shipping prosperity index (CSPI) sank to an historic low in the first quarter of 2020, as the shipping industry runs to a ferocious turbulence amid the spread of the COVID-19 pandemic, according to an industry report. The report a

Geopolitics is the dominating variable in the tanker market these days. With the OPEC+ negotiations falling apart and Saudi Arabia initiating an oil price war, the crude oil tanker spot freight rates, and time charter (TC) rates have soared

27 March 2020 - Mr Wang Hong, the Executive Vice President of China Merchants Group, had a thorough examination on Hong Kong Ming Wah, a subsidiary of CMES for its current efforts on epidemic prevention and the production and operation, and

CMES has taken proactive measures to battle the impact from the coronavirus epidemic, by achieving epidemic prevention and control, and resuming production and operation. The Wuhan divisions of CMES has maintained zero infection among staff

On March 30, Capt. Xu Lirong, Chairman of COSCO SHIPPING, paid a visit to Mr. Chen Hao, Secretary of the Yunnan Provincial Party Committee in Kunming. The two sides reviewed their cooperation on poverty alleviation, project logistics and in

On March 28, the first batch of chilled pork purchased by COFCO from Canada was delivered to Yangshan Port, Shanghai by M.V. Xin Los Angeles owned by COSCO SHIPPING. With a total weight of 100 tons, the pork will be supplied directly to Wuh

Wan Hai Lines Profit Increases Significantly In 2019, Wan Hai Lines achieved revenue of about NT $73 billion (about US $2.4 billion) and NT $66.8 billion (about US $2.2 billion) last year, basically the same as last year. The net profit att

1.Chinese shipyard Hudong-Zhonghua has launched a floating storage and a regasification unit (FSRU) for Greek shipping company Dynagas. 2.Chinas PMI rose to 52 in March, indicating that while manufacturing grew compared to February, it rema

In the afternoon of March 31, China Merchants Port and Ping An OneConnect held the signing ceremony of Guangdong-Hong Kong-Macao Greater Bay Area Port Logistics and Trade Facilitation Blockchain Platform project. According to the agreement,

Chinese shipyard Hudong-Zhonghua has launched a floating storage and a regasification unit (FSRU) for Greek shipping company Dynagas. The LNG FSRU named Transgas Power was launched at the Korean yard on March 30, according to a Hudong Zhong

The world is a very different place to when the last edition of Drewrys Container Forecaster report was published in December. The only certainty is supply and demand volatility. The outbreak of coronavirus (COVID-19) has laid bare the frag

Trading activity on Chinas commodities markets is skyrocketing as investors increasingly hedge risks, pushing open interest and trading volumes in the futures markets to record and multi-year highs in March following the coronavirus outbrea

China has increased U.S. crude purchases with some buyers snapping up cargoes at the widest discounts ever as sellers seek to offload excess supplies in Asia, six trade sources said on Wednesday. China started processing in March applicatio

Cruise ships carrying passengers infected with the novel coronavirus are ordered to stay off U.S. shores indefinitely and prepare to give the sickened medical care aboard the vessels, according to a memo issued Sunday by the U.S. Coast Guar