The administrators of bankrupt Zhejiang Ouhua Shipbuilding has managed to sell the entire assets of the shipyard during a second round auction. The assets were sold for a discounted price of CNY958 million (US$135.7 million), after the firs

Why large shipping lines should think about asset-sharing In the past, companies have tried to optimize and unearth efficiency gains through value chain integration. Reason was that it is easier to communicate and optimize within a company

The 20th edition of Marintec China, a showcase of the latest maritime technologies and products, will be held at the Shanghai New International Expo Center from Dec 3 to 6. Organized by the Shanghai arm of the Naval Architects and Marine En

An assessment by Norwegian authorities finds that its maritime and oil and gas sectors have recently been victims of cyber campaigns specifically targeting companies in the US, Europe and the Middle East and advise companies to be prepared

Indonesia will fulfill its MARPOL Annex VI obligations to enforce the 0.5% sulfur cap regulations from January 1 2020, Sudiono, the director of shipping and maritime affairs at Indonesias transport ministry, told SP Global Platts, dismissin

July was a busy month for containerized goods movements in the trans-Pacific market as U.S. West Coast ports reported the highest number of inbound boxes for 2019. But overall imports are trending below last years levels, which has forced o

Chinas iron ore futures finished higher on Thursday. The most active contract for January 2020 delivery finished the day session up 1.1 percent to 591.5 yuan per ton. China has opened the domestically-traded iron ore futures to foreign inve

On the afternoon of August 19, the strategic cooperation agreement signing ceremony between Shaanxi Provincial Peoples Government and COSCO SHIPPING was held in Xian. Secretary of Shaanxi Provincial Party Committee Mr. Hu Heping, Executive

1.The administrators of bankrupt Zhejiang Ouhua Shipbuilding have managed to sell the entire assets of the shipyard during a second round auction. 2.Seaborne iron ore prices plunged 6.3% today, falling to a level last seen in late January j

YANGZIJIANG (YZJ) Shipbuilding achieved 11 per cent higher profits in the first half of the year compared to 2018, to stand at US$345.4 million, on a three per cent increase in revenue at $2.6 billion. However, profits declined by six per c

On 17 May 2019, the Joint War Committee (JWC) added the Persian or Arabian Gulf and adjacent waters, including the Gulf of Oman west of Longitude 58E, and Oman and the UAE, to its Listed Areas for Hull War, Piracy, Terrorism and related per

A number of shipping, refining, fuel supply and standards organisations have worked together to produce Joint Industry Guidance on the supply and use of 0.50% sulphur marine fuel released on 20 August 2019. The publication has been develope

In Gard we see that almost 50% of the cargo loss cases are a result of cargo contamination. Many of these are due to vapour contamination. Vapour contamination may occur due to migration of vapour between incompatible cargoes via the IG lin

January 2018, was the last time that the Port of Hong Kong recorded an uptick in monthly throughput. Sadly July 2019 was no exception, with a 9% decline in boxes handled compared a to a year before. The total number of containers handled la

In new guidance on the implementation of the 2020 sulphur cap, 8 associations, including the International Bunkering Industry Association and the International Association of Classification Societies, address issues related to fuel compatib