London-based Baltic Exchange last week confirmed it would adapt its benchmark dry bulk freight indexes to upcoming marine fuel regulations of the International Maritime Organization, called IMO 2020, by continuing to use vessels not fitted

The Singapore Maritime Week (SMW) 2019 will be held from 6 to 14 April 2019. Organised by the Maritime and Port Authority of Singapore (MPA), the nine-day event will gather experts from around the world to share pertinent insights about dev

Chinas state-owned Cosco Shipping Holdings has warned of trade frictions and high oil prices posing risks for the global shipping industry this year, after confirming that its net profit for 2018 fell by more than half. Following its acquis

Chinas crude oil futures settled higher on Monday. The most active contract for May 2019 delivery went up 1.83 percent to 461.1 yuan per barrel, data from the Shanghai International Energy Exchange (INE) showed. China launched its first yua

Tangshan Port set up an inland port in Xian, Shaanxi province in Northwest China, on March 27. The two ports will work together to promote the operation of Xian-Tangshan Port land-sea intermodal transport, and add new momentum to the Xian l

Guangdong Maritime Safety Administration signed a contract for Chinas first 10,000 ton-class maritime patrol vessel on Tuesday, which experts said could sail the high seas and provide assistance to Chinese and foreign ships in need. Under t

Chinese state-owned Shipping and logistics services supplier company COSCO Shipping Lines has signed a low sulfur fuel oil (LSFO) supply agreement with Double Rich Limited, a subsidiary of China Marine Bunker (Petro China). According to the

The Boao Forum for Asia Annual Conference 2019, with the theme of Shared Future, Concerted Action, Common Development, was held in Boao, Hainan Province from March 26 to 29. On the morning of March 28, Premier Li Keqiang attended the openin

On 25 March, 2019, Mr Song Dexing, Head of Transportation and Logistics Department and the Beijing Headquarters of China Merchants Group visited China Merchants Shipping for field study. Mr Xie Chunlin, Chairman of CMES, Mr Wang Yongxin, Pr

The U.S. Coast Guard (USCG) has awarded Qualship 21 status to 18 bulk carriers owned and operated by DASIN SHIPPING PTE LTD., which was incorporated in Singapore. The Qualship 21 program rewards for managing and maintaining high quality ves

1.Expanded Cosco Shipping Holdings remained in the black in 2018 with a RMB1.23bn ($183.4m) profit and both its container lines, Cosco Shipping Lines and Orient Overseas International Ltd (OOIL), were profitable and reported significant imp

The much-heralded Hong Kong Seaport Alliance is to be gradually implemented from today (1 April). First announced in January 2019, the joint operating agreement is set to deliver enhanced service offerings across 23 berths under a common te

Spot rates from China to North Europe fell 4.8 per cent on Friday from the previous week to US$684 per TEU, according to the Shanghai Containerised Freight Index (SCFI). Asia-Mediterranean trade fell one per cent to $725 per TEU, Londons Lo

The worlds leading marine box manufacturer, Singamas Container Holdings saw its 2018 net profit increase to US$72.25m compared to US$45.45m in 2017. The improved profit was earned off the back of record revenues that reached US$1.78bn. Chai

Chinas iron ore futures extended gains on April 1 after recording its best quarter in nine, buoyed by strong economic data and tight supply concerns after Rio Tinto cut its 2019 output for iron ore shipments. The most-active iron ore contra