Commodity markets appear to have delivered their verdict on Chinas plans to stimulate its economy, betting that Beijings boost to infrastructure spending will work. Chinas central bank cut the amount of cash that banks have to hold as reser

Chinese iron ore prices climbed for a fourth session on January 8 after hitting a 10-week peak a day earlier, supported by restocking demand at steel mills. Steel mills generally dont have strong incentives to ramp up output due to thin mar

Energy company China Three Gorges Europe, which is also called CTG EU, has invested 35 million pounds ($44.3 million) in a large Scottish of shore wind farm, which when completed will have the capacity to power one million homes. CTG EU, wh

1.Aberdeen owner Sentinel Marine is spending 36m ($46m) on three new emergency response and rescue vessels (ERRVS).An unnamed Chinese yard is building the trio, named Cromarty Sentinel, Trafalgar Sentinel and Viking Sentinel. 2.Greeces Gold

Overall, the outlook for shipping asset prices remains bright, but several areas are more attractive than others. The VesselsValue forecast takes many factors into consideration when assessing each vessel class and age. Today well look at s

This Circular outlines the amendments to the Rules for Ships and the Rules for Mobile Offshore Units of both Assuranceforeningen Gard gjensidig and Gard P. I. (Bermuda) Ltd (collectively the Associations and individually the Association), w

Vietnam flag product tanker AULAC FORTUNE (IMO 9541277) suffered explosion and fire in the morning Jan 8 at Lamma Island Anchorage, Hong Kong, reportedly at 1130 Hong Kong time. At least 1 crew killed, 3 missing, 24 were rescued. Please Con

China Maritime Safety Administration (MSA) announced on Jan 4th that Mr.Cao Desheng has been appointed as the Director of Maritime Safety Administration on January 2019. Click the link below for reference: http://www.msa.gov.cn/html/xinxich

In recent days, there has been reports that the Ministry of Transport in Beijing has now banned open-loop scrubbers from the countrys emission control areas (ECAs), which now cover most of Chinas territorial waters. Sources familiar with th

Esvagt turns to Vestdavit for high seas windfarm boat-handling Vestdavit has reinforced its claim to be the davit supplier of choice for higher sea states after securing orders to equip three state-of-the-art Esvagt Service Operations Vesse

A new LNG-fuelled tug has been launched to reduce emissions during marine operations at one of Chinas largest ports. Jiangsu Zhenjiang Shipyard group has launched an azimuth stern drive (ASD) tug that uses LNG for its main fuel, which will

Japanese ship building marine engineering and service company, Imabari Shipbuilding, with the cooperation of Marubeni Corporation, has secured a newbuilding order of twelve 11,000-TEU container carriers from Taiwans Evergreen Line. The Japa

1.China Maritime Safety Administration (MSA) announced that, Cao De Sheng, has been appointed as the Director of Maritime Safety Administration. 2.China is expected to have the highest demand for LNG with worldwide use set to nearly triple

Low prices, abundant supply and an aggressive shift towards cleaner gas for energy generation are creating strong demand for LNG, not just from large buyers, but also from small importers, a report by the shipping consultancy Drewry says. S

The construction of a 600-tonne Coast Guard Administration (CGA) patrol ship by the Taiwan-based shipbuilding company Jong Shyn Shipbuilding Corporation (JSSC) began in Kaohsiung. An official statement from Taiwan coast guard said that the