1.The state owned Shanghai Zhenhua Heavy Industries (ZPMC) leading Chinese heavy equipment manufacturer, has announced it is to set up in Fuzhou, Fujian province to expand its business. 2.Hong Kong Marine Department issued a shipping note i

Chinas iron ore and steel futures eased on February 12 after surging to their highest levels in multiple months in the previous session, as speculators tended to sell positions amid concerns over trade talks between Beijing and Washington.

With a year to go before the implementation of the 2020 Sulfur Cap, few topics will be higher on the list of priorities for shipowners than complying with Annex VI of the IMO MARPOL Convention (2008). However, the reduction of sulfur conten

Lloyds Register (LR) and University Maritime Advisory Services (UMAS) have 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 infrastructure lev

Propeller is the most significant machinery system of the ship. No matter what type of propeller it is, ship owners never make compromises on such important equipment as it directly affects the efficiency and safety of the vessel. Here we d

London OPEC has painted a bearish picture for 2019, with demand for its crude oil expected to fall due to weak demand growth and a sharp rise in output from producers outside the group. The groups 14 members pumped 30.81 million b/d in Janu

Capacity growth on the Asia/Europe maritime routes are set for substantial increases in 2019 and 2020, with vessels aggregating nearly 1.1 million twenty-foot equivalent units (TEUs) set to be delivered in the period, following an increase

Tankers: Tanker values have remained stable. VLCC VL Sakura (298,600 DWT, Mar 2001, Hitachi) sold to Far Eastern buyers for USD 24.0 mil, VV value USD 19.30 mil On Subs. MR2 Ardmore Seamaster (45,800 DWT, Sep 2004, Shin Kurushima Ujina) sol

1.The CEO of the Port Authority of Piraeus, Captain Fu Chengqiu and the President of the North Adriatic Sea Port Authority, Pino Musolino, during a meeting held at the PPA headquarters, signed today a Memorandum of Understanding aimed at st

Chinas container transport for export purposes gained momentum in January due to rising shipping demand ahead of the Spring Festival, according to data from the Shanghai Shipping Exchange. The average China Export Containerized Freight Inde

The 2020 global sulphur cap will be the regulatory game changer of the decade with profound implications for the economics of shipping believes chairman of the International Chamber of Shipping, Esben Poulsson. But there are even more profo

Spot market rates remained strong in 2018, but rates overall were still too low, Howard Finkel, the executive vice president of trade for COSCO Container Lines Americas Inc., said during the first day of the American Association of Port Aut

The CEO of the Port Authority of Piraeus, Captain Fu Chengqiu and the President of the North Adriatic Sea Port Authority, Pino Musolino, during a meeting held at the PPA headquarters, signed today a Memorandum of Understanding aimed at stre

December 13, 2018, Shanghai, China: Yara Marine Technologies has officially opened its new office in Shanghai to meet increasing demand for exhaust gas cleaning systems for newbuilds and retrofit projects. A large percentage of scrubber ins

Chinese coal miner Huainan Mining Group has won provincial approval to build a terminal along the Yangtze river to receive liquefied natural gas (LNG), according to a news report on a website affiliated with the Ministry of Transport publis