In recent weeks Hong Kong has been in dire need of a good news story, and it was the territorys maritime community that delivered it yesterday (8 June) in the form of Ms Joanna Kwok, Hong Kongs first marine chief engineer. The announcement

Of the 75 seafarers taken hostage onboard or kidnapped for ransom worldwide so far this year, 62 were captured in the Gulf of Guinea off the coasts of Nigeria, Guinea, Togo, Benin and Cameroon, states the International Maritime Bureaus (IMB

The Baltic Exchanges main sea freight index rose to its highest in 11 months on Tuesday, driven by higher rates for larger capesize vessels on strong demand for shipping iron ore. The Baltic index, which tracks rates for ships ferrying dry

On June 28, the 2018 Annual Shareholders Meeting of Piraeus Port Authority (PPA), controlled and operated by COSCO SHIPPING, was held at the Athens Stock Exchange. The shareholders who attended the meeting hold 21,624,235 shares of PPA, acc

1.The technology group Wrtsil and COSCO Shipping Heavy Industry have signed a Memorandum of Understanding (MoU) covering the development of local production resources, thus ensuring further development and support of Wrtsils exhaust gas cle

More women are joining the maritime ranks in a variety of professions within the industry. To encourage this trend, IMO supported a training course aimed at female officials from maritime and port authorities. 25 women from 17 developing co

In this weeks analysis, we again update shippings mid-year report, reviewing progress across a range of shipping sector subjects. Our overall ClarkSea Index increased 8% y-o-y in the first half, to move marginally above the trend since the

OPECs compliance with its production quotas fell sharply in June, as output gains in the month by Saudi Arabia and Nigeria, along with Iraqs continued flouting of its cap, shrank the blocs margin for remaining within the bounds of its suppl

MSC Gulsun, the worlds largest container vessel by carrying capacity, set sail from north Chinas port city of Tianjin on Monday, heading for northwestern Europe. With a maximum load of 224,986.4 tonnes, MSC Gulsun is capable of transporting

Collaboration with COSCO Shipping LNG Investment, COSCO Shipping Heavy Industry, Jiangnan Shipyard, MARIC, SSSRI and CCS to develop 220k LNG carrier with Mark III containment system. LR has signed an agreement with COSCO Shipping LNG Invest

The technology group Wrtsil and COSCO Shipping Heavy Industry have signed a Memorandum of Understanding (MoU) covering the development of local production resources, thus ensuring further development and support of Wrtsils exhaust gas clean

Chinas iron ore futures finished higher on Monday. The most active contract for Sept 2019 delivery finished the day session up 1.89 percent to 861 yuan per ton. China has opened the domestically-traded iron ore futures to foreign investors

China Shipbuilding Industry Corp, the primary contractor for the countrys naval force, will accelerate the development of intelligent manufacturing processes at its shipyards as part of efforts to build high-end ships, its executives said.

With our commitment to environmental excellence, OOCL is proud to receive the Green Shipping Award at the Seatrade Maritime Awards Asia ceremony in Hong Kong on June 28, 2019. Highly recognized as one of the most important events in the ind

1.The Shanghai Futures Exchange revealed that China plans to launch a bonded low-sulphur bunker fuel oil contract that will enable foreign investors to participate in trading by the end of 2019. 2.Six Chinese firms and Lloyds Register (LR)