Oil prices settled 2.2% higher on Thursday after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude trade flows through one of the worlds key shipping routes. The attacks near Iran and the Strait of Hormuz reign

The IMO January 2021 deadline for shipping interests to incorporate cyber risk management into their existing Safety Management Systems is fast approaching. It is critical that stakeholders understand their vulnerabilities. The IMO has issu

On the afternoon of 13th June, Mr. Tan Chong Meng, Group CEO of PSA International visited COSCO SHIPPING headquarters. Capt. Xu Lirong, Chairman of COSCO SHIPPING, met with the delegation led by Tan，and the two sides fully exchanged the v

That the International Union of Marine Insurers should choose Shanghai for an Asia Forum (22-23 May 2019) is a clear indication of the rise of China as force to be reckoned with in the marine insurance sector. But it took Timothy Lee, a sen

Shanghai International Port Group has revealed a plan to issue US$700 of bonds to the Hong Kong market as part of a drive to reduce debt levels following its investment In Orient Overseas International, parent company of Orient Overseas Con

Chinas iron ore futures finished higher on Thursday. The most active contract for September 2019 delivery finished the day session up 1.56 percent to 781.5 yuan per ton. China has opened the domestically-traded iron ore futures to foreign i

1.Xinde Marine News Green ShipTech Seminar, conducted by Xinde Marine News, coorganized by LeesGreen Ballast Water Management, Worldwide Ship, DNV GL and Marshall Islands Registry, has ended with great success on June 14th, 2019 in Shanghai

Chinas transport ministry planned to launch five liquefied natural gas (LNG) receiving stations in provinces along the Yangtze River, domestic industry media reported. The ministry has issued questionnaires on this plan, which will be relea

1.Cosco Shippings 5,089 teu panamax containership Tian Fu He has been stranded near Qinzhou Port for the past three days.According to a notice sent by Shanghai Pan Asia Shipping, a subsidiary of Cosco, the ship ran aground when it was enter

The Maritime and Port Authority of Singapore (MPA), in collaboration with Singapore Shipping Association (SSA), has published the second edition of two technical guides on the impending 0.5 per cent fuel oil global sulphur limit by the Inte

In terms of fuel, the shipping industry is becoming more and more aware of its impact on the environment. Considering the long-term, what sustainable fuels present viable and realistic possibilities for the maritime sector? One option that

With just two weeks remaining before theyre supposed to gather in Vienna, OPEC and its allies are still struggling to settle on a meeting date. Its the latest example of how bitter geopolitical rivalry between Saudi Arabia and Iran can caus

Chinas iron ore futures extended their surge to record highs on Wednesday, buoyed by concerns over tight supply and strong demand. The most-active iron ore contract for September delivery on the Dalian Commodity Exchange soared as much as 4

As weak demand growth is forecasted for the coming quarters, the container shipping industry is set to return to negative margins. Demand drivers and freight rates The number of boxes being shipped around the globe by sea grew 0.5% 191,000

Chinas crude oil futures settled lower on Wednesday. The most active contract for July 2019 delivery dropped 1.7 percent to 423 yuan per barrel, data from the Shanghai International Energy Exchange showed. China launched its first yuan-deno