The imminent arrival in Hong Kong of a floating storage and regasification unit with the ability to supply liquefied natural gas to bunkering vessels does not appear to have created many waves or enthusiasm for its potential. The FSRU is a

The Hong Kong Maritime Arbitration Group has chosen eight founding full members and appointed its new five-member committee. The eight founding full members are maritime arbitrators including four arbitrators from the shipping industry and

An Iranian oil tanker stricken by explosions was likely hit by two rockets in a terrorist act as it sailed through the Red Sea, Tehran claims The blasts sparked an oil spill and fire on board the heavily-damaged ship belonging to the Nation

Lets agree to disagree here but recycling ships are an inevitable part of the shipping industry. It directly facilitates in maintaining the favorable supply-demand balance of the tonnages and provides a solution for the shipowners to get a

BIMCO has developed a monitoring service for bunker prices, with data provided by MABUX, which is now available to all BIMCO members. The new interactive graphs allow price fluctuations in the major bunkering hubs of Singapore and Rotterdam

Chinas iron ore futures finished higher on Thursday. The most active contract for January 2020 delivery finished the day session up 1.08 percent to 657.5 yuan per ton. China has opened the domestically-traded iron ore futures to foreign inv

Japanese shipping company Nippon Yusen Kaisha (NYK) has taken delivery of the very large crude oil carrier (VLCC) Tanzawa, the first new NYK-owned vessel to include an SOx scrubber. The vessel was handed over on October 3 during a naming an

In just four months, the IMO 2020 sulphur regulation will come into force and shipowners,charters,bunker suppliers and ports all have their part to play in getting ready for 1 January 2020.As each party goes about their preparations, everyo

Contary to popular belief, the trend towards corporate consolidation in international shipping benefits the customer by providing economies of scale, China Cosco Shipping Corporation executive vice president Wang Haimin told the annual TPM

1.China Cosco Shipping Corporation executive vice president Wang Haimin said Carrier costs are down, its up to logistics to cut expensest at TPM Asia conference in Shenzhen this week. 2.SMM estimates that 83 vessels carrying 13.8 million mt

SMM estimates that 83 vessels carrying 13.8 million mt of iron ore arrived at major Chinese ports during September 29-October 5, up 2.54 million mt from the week ended September 21. Arrivals at ports in east China and along the Yangtze Rive

Given Hong Kongs importance as a premier arbitration centre for the region it is appropriate that no less than three of the events at this years Hong Kong Maritime Week (HKMW) dispute resolution as their theme. But ahead of HKMW there has b

A Chinese-funded port under the Belt and Road initiative is now in its initial stages of construction in the prime location of Sao Luis, the capital of the state of Maranhao. The Port of Sao Luis, which is expected to be operational in the

Coal exports of Australias Gladstone port to China plunged 80.12% from a year earlier to the lowest level since March 2016, amid ongoing uncertainty of Chinese import restriction on Australian coal. In September, Gladstone port shipped 159,

Maersk Line will only charge for the extra cost of compliance as the carrier introduces new IMO 2020 low-sulfur fuels in the coming months. As reported by FreightWaves, shippers and forwarders have expressed dismay about the complexity of t