Hong Kong utilities, Castle Peak Power Company (CAPCO) and the Hongkong Electric (HK Electric) signed a deal with Shell Eastern Trading, for long-term LNG supply for the Hong Kong offshore LNG terminal. After completion of the project, Shel

VLCC spot freight rates between the Arabian Gulf and China rose 101% in the days between June 13, 2019 and June 20, 2019, in the aftermath of attacks on two tankers in the Strait of Hormuz. Spot freight rates for a VLCC, carrying 2 million

1.The global first intelligent No.82 VLCC (308,000 DWT), constructed for China Merchants Steamship (CMES) by DSIC delivered successfully on June 22, 2019 in Dalian. Captain Xie, the Chairman of DMES named the ship New Journey. 2.Japans ship

I​dentifying organisms and microbes in ballast water, as well as monitoring port marine life where ballast water may be released, are key for countries preparing to enforce IMOs Ballast Water Management Convention. The treaty involves mea

During Nor-Shipping earlier this month, our Head of Offshore, Robert Day, joined industry professionals to speak at Marine Moneys Norway Ship and Offshore Finance Forum. His presentation Making Sense of Consolidation, The Data Behind Decisi

In the week ending Jun-21, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 613.2 points, slightly Download PDF 1 Below find the NCFI Weekly Index Data chart: Download PDF 2 Source: Ningbo Shipping

Chinas iron ore futures finished higher on Friday. The most active contract for September 2019 delivery finished the day session up 0.80 percent to 820 yuan per ton. China has opened the domestically-traded iron ore futures to foreign inves

The IMOs 101st Maritime Safety Committee (MSC) meeting has approved an initial set of guidelines for the conduct of autonomous ship trials. The guidelines say that trials should be conducted in a manner that provides at least the same degre

The global first intelligent No.82 VLCC (308,000 DWT), constructed for China Merchants Steamship (CMES) by DSIC delivered successfully on June 22, 2019 in Dalian. Captain Xie, the Chairman of DMES named the ship New Journey. During sea tria

Customs officials for the Fuzhou port in Chinas southeastern Fujian region said only coal end-users such as local steel mills or power plants will be able to obtain customs clearance for imported coal, according to market sources Thursday.

BIMCO has published an updated version of its widely used Hull Fouling Clause for Time Charter Parties. The new edition more clearly sets out the circumstances and point in time when responsibility for hull cleaning passes from owner to tim

1.Shanghai Gentco Logistics has poached chemical chartering expert Si Liang, until now general manager of Greathorse Chemical.The move means women, including general manager Song Wei, hold two of the three highest management positions at Ch

Chinas iron ore surged to a record on Thursday after Rio Tinto Ltd lowered its Pilbara shipment guidance, suggesting that supply could remain tight even as Vale SA is set to resume full operations at its Brucutu mine. Mining giant Rio Tinto

The biofuel in the pilot project is the same blend of used cooking oil and heavy which has been tested and successfully validated in a trial driven in collaboration with the Dutch Sustainability Growth Coalition (DSGC), and Shell his year.

Hong Kongs Orient Overseas Container Line (OOCL), now a Cosco union, has announced the cancellation to a number of transpacific sailings in response to low seasonal demand. Thus, in the Pacific China South 1 (PCS1) service, the sailing of C