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

China posted a 2.5% growth in identified coal reserves by the end of last year compared with a year earlier, state media Xinhua News Agency reported, citing a report released by Ministry of Natural Resources on October 10. The Xinhua report

1.Typhoon No. 19 Hagibis landed on the coast of Japan.On 12 October,a general cargo ship named JIA DE carrying Chinese seafarers sank in Kawasaki Port,Japan. 2.The Greek Committee of Planning and Development of Ports (ESAL) confirmed, in it

On October 9, the Greek Committee of Planning and Development of Ports (ESAL) confirmed, in its press release, the approval of the PPA Master Plan, which had been examined by the Committee during its meeting on September 25. ESAL said the a

Australian mining company Rio Tinto made its first ever iron ore sale in yuan from the northern Chinese port of Rizhao to a regional steelmaker, market participants said. A source close to the matter said that the first cargo Rio Tinto sold

The laden 45,000MT deadweight tanker had anchored in a bay outside an Asian port. It was late summer and the vessel was waiting for a berth to discharge its cargo. Weather warnings about an approaching typhoon for the area where the tanker

In the week ending Oct-11, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 625.5 points, slightly Download PDF1 Below find the NCFI Weekly Index Data chart: Download PDF2 Source:Ningbo Shipping Exc

Chinas index of export container transport dipped for the week ending Friday, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) stood at 783.15, down 3.1 percent from a week earlier, according