Spot rates for shipping containers from Asia to northern Europe in the week ending Friday increased 4.7 per cent to US$761 per TEU, according to the Shanghai Containerised Freight Index (SCFI). Asia-Mediterranean trade rates were up 3.6 per

1.2018 International Ship Management and Technology Forum,which was organized by Xinde Marine News and China Shipping Service(CNSS) in Dalian has ended successfully yesterday(26,Oct). 2.French energy giant Total and Chinas CNOOC have signed

Yantai-based CIMC raffles signed a deal with Bohai Ferry Group in an attempt to cooperate in developing multi-function ro-ro (roll-on roll-off) vessels on Oct 23, local media reported. According to the agreement, the vessel once built will

DCE iron ore future price fluctuated within a small range, which had small influence on the physical market. Offers remained stable in the morning, while prices for some products, like Brazil materials, have potential to increase. With stro

Total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to our latest survey. Responses to our latest annual Future Operating Costs Survey revealed that drydocking is the cos

In what will no doubt be seen as a major blow to recent Government incentives, Tokio Marine Kiln yesterday announced it will be closing its Hong Kong office with immediate effect, and as part of a reorganisation of its Asian operations base

Hong Kongs leading provider of container feeder tonnage, Mandarin Shipping has appointed Charles Du Cane as business development director to aid the firms expansion plans. Commenting on the appointment, Mandarin Shippings chief executive, T

Maritime security is a key element of International Maritime Organization (IMO)s work and, over many years, the Organization has developed a number of measures to help promote and sustain it. The focus is now on helping countries build thei

Chinese investment by the Shanghai Lingang Overseas Development in the port of Zeebrugge was officially signed in Brussels by Liu Jiaping, Chairman of Lingang, and Coens Joachim, CEO of Port of Zeebrugge. The agreement was signed in the pre

HONG KONGs Orient Overseas Container Line (OOCL) - now a Cosco unit - has cancelled the following Asia-Europe sailings in response to anticipated low demand over the Christmas season in North Europe and the West Mediterranean. Thus, the Asi

Iron ore futures market remained fluctuation today. Iron ore spot price at ports quoted RMB3-5/tonne higher than that of last Friday. In Shandong, PB fines, PB lump, Jimblebar fines and SFLA priced at RMB560/tonne, RMB760/tonne, RMB500/tonn

Chinas crude oil futures settled higher on Monday. The main crude contract for December delivery was up 1.10 percent to 559.3 yuan per barrel, data from the Shanghai International Energy Exchange (INE) showed. China launched its first yuan-

Two large liners docked together at the Xiamen International Cruise Home Port in East Chinas Fujian province on Oct 20, contributing to a particularly busy day for the port, with passenger volume exceeding 10,000. The two cruise ships are D

The organisers of Lloyds List Global Awards, to be held in London on 11 December, have released their shortlist of finalists. Hong Kong companies are featured highly with some star performers achieving multiple entries across a number of ca

Australian LNG player Woodside said Monday it has signed a cooperation agreement with Chinese privately-owned gas distributor ENN Group. Under the deal, which was signed at a ceremony in Zhoushan in China, the two companies will work togeth