1.China Merchants Energy Shipping (CMES) has decided to carry out a 6.57 billion Chinese yuan ($952 million) asset acquisition which includes equity in five Arctic LNG carriers. 2.The Tokyo and Paris MoUs on PSC have been working collaborat

COSCO SHIPPING Holdings today announced its financial results forecast for 2019. In 2019, the COSCO SHIPPING Holdings proactively responded to external adverse factors, adhered to the guiding principle of outperform the market, drive innova

China Merchants Energy Shipping (CMES) has decided to carry out a 6.57 billion Chinese yuan ($952 million) asset acquisition which includes equity in five Arctic LNG carriers. Under the deal, CMES is set to acquire Sinotrans Shippings dry b

Since 1 January 2020, the global upper limit on the sulphur content of ships fuel oil has been reduced to 0.5% from 3.5% (under the so-called IMO 2020 regulation). This is significantly reducing the amount of sulphur oxide emanating from sh

After the killing of General Qassem Soleimani by a US drone in early January 2020, and the following retaliation by Iran, BIMCO is publishing its view of the escalated tension in the Persian Gulf, as well as advice regarding the new sanctio

The Tokyo and Paris Memoranda of Understanding (MoUs) on port State control (PSC) have been working collaboratively to ensure that vessel owners and operators are aware that under the Authorities belonging to these MoUs, inspections will be

On the afternoon of January 19, Chairman and Party Secretary of Bank of China (BOC) Mr. Liu Liange visited COSCO SHIPPING and held talks with Chairman and Party Secretary of COSCO SHIPPING Capt. Xu Lirong. The two sides reviewed their sound

The long-standing executive director of the Hong Kong Liner Shipping Association, Roberto Giannetta became chairman of the Association effective 15 January, HKLSA announced today. Mr Giannetta replaces the outgoing chairman, Tony Tong of OO

Twenty-five self-driving trucks debuted at an autonomous driving show at Tianjin port on Friday, featuring technological advances independently developed by domestic companies. The trucks, jointly developed by domestic companies Sinotruk an

Ministry of Finance of the Peoples Republic of China announces the export tax rebate policy for bunkering on international sailing ships. The announcement are as follows: 1. The export tax rebate (exemption) policy shall be implemented for

On January 19, in the automatic yard of Dalian container terminal, the automatic rail crane controlled by the operator remotely successfully completed the stacking operation of a 40 foot container, which marks the official operation of the

1.On January 19, in the automatic yard of Dalian container terminal, the automatic rail crane controlled by the operator remotely successfully completed the stacking operation of a 40 foot container. 2.China has signed an agreement with Mya

Chinas coal imports are likely to show an impressive bounce in January after customs delays crimped December clearances, but questions remain as to the outlook for 2020 as a whole. December imports were just 2.27 million tonnes, according t

Along the Bay of Bengal on the west tip of Myanmar, the town of Kyaukpyu in Rakhine State sits tranquilly on a 25-meter deep harbor. This deep-sea port, surrounded by superb natural conditions, could be developed into another demonstration

COSCOs Orient Overseas Container Line (OOCL) has cancelled numbers of transpacific sailings in response to the annual Chinese New Year slowdown, the Hong Kong-based company announced. Cancelled on the Pacific China Central 2 (PCC2) service