At the Annual General Meeting to be held in London today, Bill Thomas, Chairman of Clarksons, made the following trading statement covering the period from 1 January 2019 to 8 May 2019. The trends outlined in the outlook statement within ou

Hong Kong-headquartered Singamas Container Holdings will sell four of its container manufacturing units in China to Cosco Shipping Financial Holdings for US$562 million, confirming an announcement in March of such a sale, reports Singapores

1.Huawei and Guangzhou Port Group will collaborate to establish a 5G port innovation center in Guangzhou city. The center will be built under the framework of the Guangdong-Hong Kong-Macao Greater Bay Area and its announcement was made duri

Landbridge VLCC International, the Hong Kong-based subsidiary of Chinas Landbridge Group announced it had concluded a sale and lease back transaction for a VLCC, with alternative investment form, Varde Partners. The deal was arranged by Par

A joint venture focusing on multimodal transport is being established this month at the port of Shanghai, as part of efforts to increase transport efficiency and lower carbon emissions, according to a top company executive. Sea and rail tra

Classification society DNV GL has awarded approval in principle (AIP) to Hyundai Heavy Industries for the design of a jetty-moored near shore FLNG barge. DNV GL reviewed the design based on the feasibility of constructing the FLNG barge usi

The long-awaited commencement of the Hong Kong ASEAN will take partial effect from 11 June as Hong Kong, Myanmar, Singapore and Thailand begin to honour their commitments under the FTA. The dates of entry into force for the remaining seven

Chinas iron ore futures finished higher on Thursday. The most active contract for September 2019 delivery finished the day session up 0.08 percent to 644.5 yuan per ton. China has opened the domestically-traded iron ore futures to foreign i

Wilhelmsen Ship Management tightens vendors selection process to reduce plastic usage onboard Vendors will need to demonstrate a viable plan to reduce plastic usage. Wilhelmsen Ship Management (WSM) enforced a new criteria in their vendor s

BIMCO has signed a contract with Elena Tassioula as manager of BIMCOs new office in Athens, Greece. Elena will be engaging BIMCOs current members in Athens and work to grow the membership in Greece. Im very pleased that Elena will be joinin

The IMO 2020 regulation on shipping fuel oil is set to increase iron ore freight rates, consultancy Wood Mackenzie said. The introduction of a lower maximum content for sulfur in fuel oil for shipping may lead to higher shipping rates betwe

On May 5, Chairman and Party Secretary of COSCO SHIPPING Capt. Xu Lirong led a delegation to meet with Secretary of Shandong Provincial Party Committee Mr. Liu Jiayi in Jinan. The two sides had an in-depth discussion on COSCO SHIPPINGs acti

1.The US has every reason to collaborate with China in the Belt and Road Initiative (BRI) in order to enhance connectivity and jointly mitigate global development issues, according to a senior Chinese diplomat. 2.China International Marine

Chinas container exports from its top 45 coastal ports grew 4.9 per cent in the first quarter year on year to 53.79 million TEU, according to the Ministry of Transport. These ports handled 19.73 million TEU in January; 16.63 million in Febr

Chinas crude oil imports in April unexpectedly surged to a record despite refinery maintenance outages and tepid domestic fuel demand, customs data showed, as state-run refiners built up stocks of Iranian crude oil anticipating a sanctions