Chinas Yantai Port Group aims to launch two jointly-owned liquefied natural gas (LNG) storage facilities by 2022 and expects government approval for them this month, sources said. Shandong province, where the Yantai port is located, is an i

Caofeidian, one leading port in northern Chinas Tangshan city, has been ramping up its coal throughput capacity, with latest progress embodied in the trial operation of Huadian coal terminal. Since the first discharge of heavy-haul trains o

Hong Kongs Orient Overseas Container Line (OOCL), now a Cosco unit, has cancelled numerous Asia-Europe round-trip sailings due to expected low seasonal demand. Said the company advisory: In response to the expected low demand in the market,

Chinas research icebreaker Xuelong, or Snow Dragon, has returned to Shanghai after a recent complete overhaul, ready for the countrys upcoming 36th Antarctic expedition, according to the Ministry of Natural Resources Monday. The vessel will

The Baltic Exchanges main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for a third consecutive session on Tuesday, due to lower demand for larger capesize and panamax vessels. The Baltic index, which r

The Conference (21-23 October) brings together ministers and high-level officials from more than 100 countries to promote ratification of the Cape Town Agreement, a key international treaty for safety of fishing vessels. Entry into force of

1.Freight rates of VLCCs have surged to a high of $300,000 a day in a market boosted by a quick succession of unrelated incidents, as the different events have reinforced each other to lead to the spike. 2.Sinochem Energy Co Ltd, the energy

The Maritime and Port Authority of Singapore (MPA) has revoked the bunker craft operator licence of Inter-Pacific Petroleum Pte Ltd (Inter-Pacific) with effect from 15 October 2019. Inter-Pacific will not be allowed to operate as a bunker c

Sinochem Energy Co Ltd, the energy business arm of Chinas state-owned Sinochem Group, will operationalize the second phase of its Quanzhou refinery base in eastern Chinas Fujian province in 2020. This move will raise its annual petroleum re

According to the Ministry of Commerce, ASEAN has become Chinas second largest trading partner in the first half of the year. In the past six months, the China-ASEAN import and export trade volume reached $291.85 billion, a year-on-year incr

Chinas foreign trade volume rose 2.8 percent year on year in the first nine months of 2019 to 22.91 trillion yuan (about 3.24 trillion U.S. dollars), the General Administration of Customs released Monday. Chinas export volume rose 5.2 perce

Chinas first research and testing base for unmanned surface vessels will be put into operation by the end of this year, becoming a public technology service platform for marine equipment between Guangdong province and the neighboring Hong K

On Oct 8, the Haikou Maritime Court successfully settled a dispute over a loan contract worth up to 275 million yuan ($38.8 million) between the French banking giant BNP PARIBAS and Brightoil Gem, a Hong Kong-based shipping company, through

What is the ISPS Code? ISPS or the International Ship and Port Facility Security Code is an essential maritime regulation for the safety and security of ships, ports, cargo and crew. The biggest challenge the world is facing today is fighti

Spot rates for shipping containers from Asia to northern Europe in the week ending Friday fell a further two per cent to US$581 per TEU. Asia-Mediterranean rates fell 2.7 per cent to $722 per TEU, according to the Shanghai Containerised Fre