Chinese iron ore futures steadied on November 6,surrendering early gains, as concerns over tighter supply after BHP Billiton suspended all its iron ore rail operations in Western Australia were offset by a slide in steel prices. The worlds

Hamilton, Bermuda, 6 November 2018 Hegh LNG Holdings Ltd. (Hegh LNG) announces that Hegh Esperanza has arrived at the Tianjin LNG terminal in China and has started commissioning for FSRU operations. Hegh Esperanza is currently serving a thr

Speaking in Manila, the Chairman of the International Chamber of Shipping (ICS), Esben Poulsson, has called for a comprehensive revision of the IMO STCW Convention which governs global standards for the training and certification of around

Wilhelmsen Ship Management (WSM) has entered into two agreements that will set the tone for operational and regulatory framework in autonomous shipping. The first agreement focuses on the development of a safety management system (safety ma

1.The Chinese cruise industry is working on initiatives to stabilize its business environment including negotiating pricing agreements,said Qiang Wu,co-chairman of the China Cruise and Yacht Industry Association and former president of Chin

Hong Kong-headquartered intra-Asia specialist, SITC has made another foray into the newbuildings market with an order for three 2,700 teu boxships from Yangzijiang Shipbuilding. The total cost is US$87.9m. Deliveries of the new orders are s

A ship carrying 130 containers of liquefied natural gas (LNG) tanks set off sailing from Chinas southern island province of Hainan on Sunday, marking the countrys first container shipment of LNG tanks from the south to the north for clean h

Spot rates for shipping containers from Asia to northern Europe in the week ending Friday decreased 1.2 per cent to US$752 TEU, according to the Shanghai Containerised Freight Index (SCFI). Asia-Mediterranean trade rates also fell 1.2 per c

A number of companies that have pledged massive investments in Zhanjiang, such as German chemical giant BASF, which plans to invest $10 billion in a fine chemical project, are participating in the upcoming China Marine Economy Expo (CMEE) i

Tanker owners have experienced similar problems to the container liners with this years jump in bunker costs. The owners have struggled for much of 2018 as rising bunker fuel prices squeeze daily earnings, with shipowners often barely cover

Chinas LNG price increased by 1.6% to 4,548.4 yuan/t ($657.7/t) averagely over October 20-31 compared with mid-October, showed data from National Bureau of Statistics (NBS) on November 5. The combination of gas production restriction of som

Chinas Sinopec and China National Petroleum Corporation (CNPC) are speeding up drilling and exploration from major tight and shale oil and gas formations in the countrys western regions to boost domestic output, according to company reports

Chinas iron ore futures settled higher on Monday. The most active contract for January 2019 delivery finished the day session up 0.88 percent at 515.5 yuan per ton. China has opened the domestically-traded iron ore futures to foreign invest

The 2020 Global Marine Fuel Sulphur Content Clause, which is a general compliance provision, will be put forward for adoption by BIMCOs Documentary Committee on 13 November. The drafting team has also prepared a first draft of a clause deal

Babcock Schulte Energy (BSE), a 50:50 joint venture between Babcock and Bernhard Schulte, celebrated on October 16, 2018, the completion of their first of its kind and the worlds largest liquefied natural gas (LNG) bunker supply vessel, M.V