The worlds first energy-saving very large crude oil carrier (VLCC) aided by wind power was unveiled on Tuesday in Dalian City, northeast Chinas Liaoning Province, making China the first country to produce such carriers. The carrier, mainly

Member states ambassadors yesterday gave the presidency a mandate to negotiate with the European Parliament an amendment to rules on the assessment of ship inspection organisations, with the aim of ensuring legal certainty and securing busi

In the third quarter of 2018, A.P. Moller - Maersk progresses in the strategic business transformation, reporting growth in both Ocean and non-Ocean with a total revenue increase of 31% to USD 10.1bn, 12% excluding Hamburg Sd. Growth in non-

1.Taiwanese container carrier Wan Hai Lines confirmed an order of 20 container vessels with Japan Marine United Corporation(JMU) and Guangzhou Wenchong Shipyard (GWS) and China Shipbuilding Trading Company(CSTC). 2.Development and construct

The terminal operating systems (TOS) provider announced a new partnership with COSCO Shipping Ports Limited (CSP), creating a joint Center of Excellence (CoE). Navis is a part of Cargotec Corporation and provider of operational technologies

The global maritime industry is cautiously optimistic about the global business environment for world trade, but also concerned about the potential impact of trade tensions, cyber security, fuel costs and other headwinds to industry recover

Chinas iron ore futures finished lower on Tuesday. The most active contract for January 2019 delivery ended the day session down 1.73 percent at 511 yuan per ton. China has opened the domestically-traded iron ore futures to foreign investor

China National Offshore Oil Corporation said on Tuesday that the company will supply 24.6 billion cubic meters of natural gas during the heating season that kicks off this week, up 20 percent year-on-year, to meet rising demand in the count

Russias largest independent natural gas producer Novatek said its unit, Novatek Gas and Power Asia, shipped a cargo of LNG produced from the Yamal LNG project to China National Offshore Oil Corporation (CNOOC). The LNG cargo was delivered t

Hong Kongs Orient Overseas Container Line (OOCL), now a Cosco unit, has announced Trans-Atlantic cancellations over the Christmas and New Year period. OOCL said in a statement that the cancellations have been made in response to the expecte

China and Myanmar are moving ahead with a China-backed deep-sea port project in Kyauk Phyu Special Economic Zone (SEZ) , 250 miles northwest of Yangon. The framework agreement was signed by Myanmars Deputy Minister of Planning and Finance a

The Global Marine Fuel Sulphur Clause for Time Charter Parties was approved by the Documentary Committee at its meeting in Copenhagen on 13 November. It is very important that the new sulphur clauses are ready well in advance to allow the p

Danish shipping company TORM has established a joint venture with scrubber manufacturer ME Production and Guangzhou Shipyard International (GSI). The joint venture, ME Production China, will manufacture and install scrubbers in China and de

Development and construction of Chinas first deep-water exploration well in the South China Sea, the Lingshui 17-2 gas field, kicked off on Monday in an effort to ensure the countrys energy security and gas field construction in the region,

The Mahu field in Northwest Chinas Xinjiang autonomous region, one of China National Petroleum Corporations largest finds in recent years, witnesses daily oil production of more than 405.6 cubic meters and daily gas production of 36,000 cub