TS LINES has joined with the Yang Ming Marine Transport Corp, Gold Star Line and CNC of APL to offer China Malaysia service (TS Lines calls it CM3) starting February 23 from Qingdao with each carrier deploying a 4,250-TEU vessel. The ports

According to new data released today by the NGO Shipbreaking Platform, 744 large ocean-going commercial vessels were sold to the scrap yards in 2018. Of these vessels, 518 were broken down on tidal mudflats in Bangladesh, India and Pakistan

Yesterday , Lloyds Register (LR) and University Maritime Advisory Services (UMAS) has released Zero-Emission Vessels Transition Pathways, a study that aims to show what is needed to enable the transition, both at the ship and supply infrast

Responsibility to comply with IMO regulations will be on carriers. Many would opt for scrapping rather than retrofitting due to high cost involved. Ocean freight rates would probably increase, and shippers should prepare themselves for the

Chinas iron ore futures closed sharply higher on Wednesday. The most active contract for May 2019 delivery finished the day session up 5.58 percent to 587 yuan per ton. China has opened the domestically-traded iron ore futures to foreign in

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

The worlds biggest shipbuilder sees Chinas cleanup of its smoggy skies lifting prices of the vessels this year. As China prioritizes dealing with the smog that has famously blanketed Beijing and other big cities, the worlds second-biggest e

The Shanghai Stock Exchange (SSE) recently released the evaluation results of Outstanding Corporate Bond Issuers of 2018, and COSCO SHIPPING was one of the winners. The awarding activities of Outstanding Corporate Bond Issuers, an important

On January 19, 2019, Mr Xie Chunlin, Director of China Merchants Shipping (CMS) and Chairman of CMES, led a delegation to CNOOC Petrochemcial Import Export Co., Ltd and met with Mr Liu Song, Chairman and President of CNOOC, Mr Yao Jun, Vice

One of Chinas biggest oil companies has rejuvenated the lifeblood of the North Sea after unveiling its biggest gas discovery in more than a decade. China National Offshore Oil Corporation, or CNOOC, together with French oil major Total and

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation announced a new Intra-Asia service KVM(KoreaVietnamMalaysia Service) jointly operated by YM and APL Co. Pte Ltd through its CNC brand with effect on February 21st, 2019

Liberia is the second largest ship registry in the world, according to leading shipping analyst Clarksons in its Clarksons World Fleet Monitor January 2019. This report confirms that, in gross tonnage terms, Liberia has overtaken and outgro

Tanker: Tanker values remain stable. Bulker: Slight firming in older Handy bulker tonnage. Handy Ocean Neptune (37,200 DWT, May 2012, Hyundai Mipo) sold to Greeks for USD 13.8 mil, VV value USD 13.09 mil. Handy (Open Hatch) AEC Belief (33,5

Chinas iron ore futures settled higher on Tuesday. The most active contract for May 2019 delivery finished the day session up 1.26 percent to 560.5 yuan per ton. China has opened the domestically-traded iron ore futures to foreign investors

China Shipbuilding Industry Corp, or CSIC, the primary contractor for Chinas naval force, has completed the basic design and related research for a dual-fuel container ship that can carry 20,000 twenty-foot-equivalent-unit containers, said