Spot rates for shipping containers from Asia to northern Europe in the week ending Friday was around US$700 per TEU, according to a poll of spot indices carried out by Londons Loadstar. The Shanghai Containerised Freight Index (SCFI) was un

Chinas shipbuilding capacity utilization retreated in the first quarter of 2019 due to a sluggish global market, data from China Association of the National Shipbuilding Industry (CANSI) showed. In the first three months, CCI, a monitoring

The Xiamen-Kaohsiung ferry route was temporarily reopened on April 29 after a five-year suspension, as 573 passengers boarded the COSCO Star ship headed for the Taiwan city of Kaohsiung on April 29. We arrived in Kaohsiung after just one ni

Hong Kong-based Orient Overseas International Ltd. (OOIL) said that it will sell Long Beach Container Terminal (LBCT) to a consortium led by Australias Macquarie Group for $1.78 billion. OOIL, which is majority-owned by Cosco Shipping Holdi

Average capesize earnings surged by $3,750 so far this week to reach $12,346 per day, the highest level since 28 January. Rates have been rising for twelve consecutive trading days, and Tuesdays gain of $2,515 was the strongest in at least

China has issued additional crude oil import quotas of 4.31 million tonnes to seven independent refiners to be used for 2019, two sources with knowledge of the matter said. The new quotas are the top-up volumes for the first batch of 2019 q

During January-April 2019, four incidents of unauthorised boarding of ships in locations of close proximity to each other were reported in the western sector of Singapore Strait. All four incidents occurred to tug boats towing barges and dr

DNV GL, the worlds largest independent energy advisory and certification body invites renewable energy developers and sellers to visit, explore and join Instatrust? its new digital platform for renewable power purchase agreements. Instatrus

The Board of Directors (the Board) of Orient Overseas (International) Limited (the Company) has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line (OOCL) on a quarterly basis. This announcement s

Participants of Summer 2019 China Merchants C Blue Training Program Voyage Attend a Series of Belt and Road Thematic Forums The 5th China Merchants C Blue Training Program (C Blue) Voyage, which has 21 participants from 11 countries in Euro

In the past few years, increasing oil prices, adverse market conditions, stringent regulations, and environmental issues in regards to emissions from ships have made it very important to study the importance of the speed of a ship. Ships sp

Russian gas producer Novatek said on that it had signed agreements with two Chinese companies to sell a combined 20 percent stake in its new liquefied natural gas project, Arctic LNG 2. Under the agreement, the Chinese firms -CNOOC and CNOD

COSCO SHIPPING Ports Limited, the worlds leading ports operator, announced first quarter results of the Company and its subsidiaries (the Group) for the three months ended 31 March 2019. 2019 First Quarter Results Highlight Revenue was US$2

1.Members from China Shipbuilding Industry Corporation (CSIC) held discussions with board members of the Croatian shipbuilding group Uljanik, regarding a potential investment on two financially-troubled shipyards. 2.Danish offshore firm ?rs

Miami-based SunStone Ships has signed a contract with China Merchants Heavy Industry (Shenzhen) Company Limited (CMHI) for the construction of vessel number six in the INFINITY series, all designed by Ulstein. Niels-Erik Lund, CEO and presi