China has put a new container ship with a capacity of 1,140 standard containers into service on the countrys longest river, the Yangtze, as part of an upgrade of vessels on the waterway. The ship was commissioned to go on route between the

Chinas iron ore futures ended higher on Monday. The most active contract for January, 2019 delivery finished the day session 1.64 percent higher at 527.5 yuan per ton. China has opened the domestically-traded iron ore futures to foreign inv

Chinese President Xi Jinping and Bruneis Sultan Haji Hassanal Bolkiah reaffirmed their political resolve to enhance the bilateral ties through cooperation and collaboration across various areas including oil and gas, the two sides said in a

Demand drivers and freight rates Some 13.7 million TEU were shipped globally in September, bringing the full year total up to 125.2 million TEU. While that is an improvement of 4% for both the month (year on year) and year to date, the grow

BIMCO is planning to develop the new contracts in Asia in an effort to further increase the involvement of its Asian members. Both projects will be developed mainly by experts from the region and managed by BIMCOs Shanghai office, assisted

The MEPC approved the Programme of follow-up actions of the initial IMO strategy on reduction of GHG emissions from ships up to 2023. The programme of action is intended to be used as a planning tool in meeting the timelines identified in t

Spot rates for shipping containers from Asia to northern Europe in the week ending Friday dropped 2.4 per cent to US$753 per TEU, according to the Shanghai Containerised Freight Index (SCFI). Asia-Mediterranean trade was also down 1.3 per c

PaxOceans Zhoushan Shipyard has delivered a 26,000m3 floating storage and regasification unit (FSRU) Karunia Dewata to Indonesia-based Jaya Samudra Karunia (JSK). The FSRU is the largest to be built in China and will be capable of regasifyi

1.Japanese trading house Mitsui Co has returned to Yangzijiang Shipbuilding for more bulker newbuildings. 2.Singapores Sea Consortium is expanding its fleet with contracts for two Chinese newbuildings.Brokers said the company has ordered a

Hong Kongs Orient Overseas Container Line (OOCL) has introduced its new South Africa products, namely the South Africa Service 1 (SAF1), South Africa Service 2 (SAF2) and South Africa Service 3 (SAF3) effective from December 6, November 30,

Chinas research icebreaker Xuelong docked in Australias port of Hobart Saturday morning to replenish supplies, the last time it will do so before sailing to the Antarctic. The icebreaker, also known as the Snow Dragon, is on Chinas 35th Ant

China has ensured abundant natural gas supply and vowed to stabilize prices this winter, as demand usually spikes in the winter heating season, the countrys top economic planner said. The country has unveiled measures to increase natural ga

Chinas iron ore futures ended higher on Friday. The most active contract for January, 2019 delivery finished the day session 2.06 percent higher at 521 yuan per ton. China has opened the domestically-traded iron ore futures to foreign inves

The technology company The Linde Group has been awarded a contract from Chinese chemical and energy company Inner Mongolia Huineng Coal Chemical Co Ltd to supply a mid-scale LNG plant near Beinichuan in Inner Mongolia. This will be Lindes s

Digitalisation is re-shaping the business world and is increasingly important for gaining competitive edge. Emerging technologies, together with the evolution and development of new platforms, are unparalleled opportunities within shipping