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

Qatar Petroleum has invited tenders for the construction of more than 100 LNG ships to meet the requirements of the expansion of Qatargas LNG liquefaction project and the Golden Pass LNG project in the US. Plus they will be replacement tonn

Guangzhou Port, one of the major coastal container ports in South China, signed a package of cooperative agreements with a number of international ports on Wednesday, to facilitate its cargo-handling capacity and better serve the local econ

Chinas iron ore futures finished lower on Wednesday. The most active contract for September 2019 delivery finished the day session down 1.15 percent to 643 yuan per ton. China has opened the domestically-traded iron ore futures to foreign i

1.SS Teos Singamas Container Holdings has entered into an agreement to sell four of its container manufacturing units in China to Cosco Shipping Financial Holdings for a total price of RMB3.8bn ($562m), following on from the announcement of

A NEW semi-automated container terminal in Vado Ligure in northern Italy between Genoa and Nice will open in mid-December, reports Singapores Splash 247. The terminal, jointly owned by Maersks APM Terminals (50.1 per cent), 40 per cent by C

Hong Kongs Orient Overseas Container Line (OOCL), now a Cosco unit, has announced that its enhancing its North Europe service network with the Middle East and Indian Subcontinent by introducing two new services. The new services - IP1 and I

The latest Asia Maritime Breakfast Briefing at the Foreign Correspondents Club in Hong Kong was on the subject of hazardous goods and proved to be a timely event. Incidents of containership and bulk carrier fires are being reported on a wee

Hong Kong-listed Kerry Logistics Network Limited has expanded its food-related cold chain capability in Mainland China through the establishment of Kerry Cold Chain Solution Ltd, to tap into the fast-growing domestic market of niche food pr

Chinese oil company CNOOC Ltd wants to expand in Brazil and is considering bidding in an auction of offshore exploration blocs in the pre-salt area set for later this year, the head of the firms Brazilian unit said on May 7. CNOOC, owned by

The International Association of Ports and Harbors 31st World Ports Conference being held from May 6 to 10 in Guangzhou, Guangdong province, plays a key role in promoting the port and shipping industries while creating a platform for cultur