1.High iron ore inventories at Chinese ports and uncertainty in the global economy are putting the demand for Capesizes at risk. Drewry believes that demand for Capesizes in 2019 will be proportional to iron ore inventories at Chinese ports

Commissioned by Hong Kong HAI KUO SHIPPING 1111 LIMITED (the Entrusting Party), Guangzhou Shipping Exchange Co., Ltd. (GSE) determines to organize an online bidding for a bulk carrier named HAI QING. The announcement is stated as follows. R

The Maritime Labour Convention (MLC) recognised the negative effect that bullying and harassment can have on seafarer health and wellbeing, and have voted to bring these serious issues under Regulation 4.3 the health and safety protection a

A.P. Mller Maersk released its annual report for 2018 Thursday, highlighting what chief executive Sren Skou called its transformation from being a conglomerate with operating eight different divisions with a big corporate layer on top to no

The Port of Hamburg handled 135.1 million tonnes of freight in 2018, down one per cent on last year. The total included a record 60,000 freight trains with 1.6 million freight cars, making the gateway Europes top railway port where China re

2M shipping alliance partners Maersk Line and Mediterranean Shipping Company (MSC) are to shelve another Asia-north Europe sailing at the beginning of March owing to weaker-than-expected demand. The 14,500 TEU Estelle Maersk, deployed on th

Xiamen plans to expand its international sea-rail combined transportation based on the booming China (Xiamen)-Europe trains, local media reported on Feb 21. The freight collection scope of the Xiamen-Europe trains has been extended to Taiwa

The Port of Shanghai, the worlds largest port by TEU (twenty-feet equivalent unit) volume has announced it will cooperate with the Port of Ningbo, the worlds largest port by cargo turnover, in the development, operation and management of th

Chinas iron ore futures settled lower on Thursday. The most active contract for May 2019 delivery finished the day session down 1 percent to 615 yuan per ton. China has opened the domestically-traded iron ore futures to foreign investors si

1.The Inaugural Opening Ceremony Business Event of COSCO Shipping Investment Dalian Co.，Ltd . is held at InterContinental Dalian on 21 Feb, 2019. 2.Shell Marine integrated solutions have saved the equivalent of around $123,000 annually fo

The Inaugural Opening Ceremony Business Event of COSCO Shipping Investment Dalian Co.，Ltd is held at InterContinental Dalian on 21 Feb, 2019. Mr. Xu Lirong, the Chairman of the Board and Party Secretary of China COSCO SHIPPING Corporation

Progress on the transformation of A. P. Moller - Maersk continued in 2018. Customers benefitted from integrated offerings, digital solutions and robust network improvements. Since 2016, the topline has grown by 43%, to USD 39bn in 2018, an

The oil market is notoriously linked to geopolitics. Most recently, the political situation in Venezuela creates turmoil in the region and particularly affects crude oil exports. Demand drivers and freight rates The tanker market has made t

On February 18, Chairman of COSCO SHIPPING Capt. Xu Lirong led a delegation to China Baowu Steel Group Corporation Limited and held friendly talks with its Chairman Cheng Derong and some other leaders. The two sides had an in-depth exchange

As China is likely to create a giant oil and gas pipeline company this year as part of the nations effort to reform the State-owned petroleum industry, insiders believe the move will shake up the petroleum sector and break the monopoly in t