With the maiden call of ms OOCL United Kingdom at Cosco Shipping Ports Terminal Zeebrugge in the early morning of May 18, a new record was set in the port of Zeebrugge. The 21,413 Teu vessel is the largest container carrier in the world, de

Chinas iron ore futures jumped to a new record high on Wednesday, fuelled by a persistently bullish outlook as steel mills look to source raw material after running down stocks. The most-traded iron ore futures on the Dalian Commodity Excha

The international maritime shipping industry is crucial to the global economy. Shipping vessels transport essential energy commodities like crude oil and diesel, dry bulk goods such as iron ore and grains, and finished manufactured products

The annual Lloyds day in Hong Kong witnessed the usual strong presence of London syndicates this week. But the conversation among many was often of the decimation of a marine syndicates, which has led to many seasoned underwriters losing th

SDIC and Huaneng Caofeidian ports announced to lower lump-sum charges on May 22, said their operators in notices released on May 21. The two ports both cut lump-sum charges by 2 yuan/t to 16.5 yuan/t, effective 0:00 on May 22, according to

The Very Large Gas Carrier (VLGC) freight rates started to recover towards the end of the first quarter as U.S. consumption reverted to seasonally lower levels pushing U.S. LPG prices down, widening the geographical LPG price arbitrage betw

The 1Q liquefied natural gas (LNG) shipping market declined from strong 4Q levels in line with historic seasonality, said Golar LNG, a LNG shipping company registered in Bermuda. LNG demand growth in China and other SE Asian countries was l

There are a number of different Key Performance Indicators (KPIs) that are vital for the long-term success of a company. Organisations such as BIMCO release new ones on a regular basis but do people really have the time to sit down, collate

The Xiamen port in East Chinas Fujian province is expected to handle 20 million containers per year by 2035, according to its newly approved overall plan by the Ministry of Transport and the Fujian Provincial Government. In addition to bein

In the wake of recent costly cyber security incidents involving large shipping companies, cyber security has become a major focus in the maritime industry. BIMCO has taken a lead position on cyber security issues through its active role at

Chinas steel futures edged up on Tuesday despite the concerns over escalating tension between the worlds top two economies, as investors expect stronger steel demand from property market. Although the costlier trade war had weighed on finan

A vessel fully loaded with paper pulp left Punta Pereira Uruguay in South America and headed for its destination in Western Europe in the beginning of 2019, marking COSCO Shippings first regular service in the Atlantic Ocean. Since official

1.Chinese bulk shipping operator CSC Phoenix has put its 1986-built panamax bulker Yao Hai up for sale.The company said the Japanese-built 69,497 dwt vessel is going to reach the compulsory scrap age limit by November this year. 2.Chinas Fo

The International Maritime Organization (IMO) has approved and adopted a comprehensive set of guidance and guidelines to support the consistent implementation of the lower 0.50% limit on sulphur in ships fuel oil, which will enter into effe

For more than 40 years, preserving the integrity of shipped goods has been a top priority for the CMA CGM Group, particularly in terms of sensitive products such as medicines that directly impact public health and patients quality of life.