What is maritime development and why is it important? Isnt one of the biggest challenges the failure to appreciate the value of the maritime sector? These are the questions being raised by International Maritime Organization (IMO) at the Gr

Spot rates for shipping containers from Asia to northern Europe in the week ending Friday was up 2.8 per cent to US$743 per TEU, while the Shanghai-Mediterranean run was up two per cent to $710 per TEU, according to the Shanghai Containeris

HONG KONGs Orient Overseas Container Line (OOCL), now a Cosco unit, has announced that in response to the expected low seasonal demand, the carrier is to cancel four sailings on the Trans-Pacific trade. The cancellation are as follows: Paci

Ten people died after carbon dioxide leaked in a cargo ship at Longyan Port, Weihai city, in east Chinas Shandong Province Saturday, local authorities said on Sunday. The accident happened around 4 p.m., when the ship owned by the Fujian Sh

The Drewry Container Port Throughput Indices are a series of volume growth/decline indices based on monthly throughput data for a sample of over 220 ports worldwide, representing over 75% of global volumes. The base point for the indices is

BIMCO and INTERTANKO have jointly published QAs addressing the contractual implications owners and charterers should keep in mind when chartering ships fitted with scrubbers. The QAs highlight the key charter party clauses and concepts whic

On 18 May, 2019, Mr Wang Yongxin, President of China Merchants Energy Shipping (CMES), attended the delivery ceremony at the dock of CSC Jiangdong Shipyard for CHANG HANG JIANG YAO, the commodity vehicle Ro-Ro ship ordered by CMES. Mr Wu Ji

A DELEGATION from the International Chamber of Shipping (ICS), the Asian Shipowners Association (ASA) and the European Community Shipowners Associations (ECSA) has expressed concern over recent increases in protectionist measures. In a meet

Chinas liquefied natural gas (LNG) imports registered a surge of 35.1% from a year ago in April, latest customs data showed on May 23. China imported 4.54 million tonnes of LNG last month, growing 11.8% from a month earlier, according to th

Chinas iron ore futures finished higher on Friday. The most active contract for September 2019 delivery finished the day session up 0.34 percent to 732 yuan per ton. China has opened the domestically-traded iron ore futures to foreign inves

On 16 May, 2019, China Merchants Energy Shipping (CMES) and Rongsheng Petrochemical Co., Ltd. (Rongsheng Petrochemical) held a signing ceremony for the strategic cooperation agreement in Hangzhou, Zhejiang. Mr Wang Hong, Executive Vice Pres

Trade conflicts and geopolitical risks are driving sentiment on ocean shipping rates, particularly in the container market. In liquefied gas sectors, propane transport to Asia is looking increasingly vibrant after a multi-year malaise, whil

1.The EY and Guardtime marine insurance blockchain joint venture company Insurwave Limited have announced a new agreement with Zhuhai Port Holdings Group Co., Ltd. to explore and collaborate on shipping logistics and marine insurance to pro

The EY and Guardtime marine insurance blockchain joint venture company Insurwave Limited have announced a new agreement with Zhuhai Port Holdings Group Co., Ltd. to explore and collaborate on shipping logistics and marine insurance to promo

1.Chinas southwest province of Sichuan signed Memorandum of Understanding (MoU) with the Port of Rotterdam to jointly develop China-Europe multimodal transportation via Chengdu-Tilburg railway link. 2.The Xiamen port in East Chinas Fujian p