The Shenzhen Qianhaiwan Free Trade Port that is operated by China Merchant Bonded Logistics (member of China Merchants Port Holdings) has set its sights on becoming the next less-than-container load (LCL) consolidation transshipment hub in

Hong Kong-based global reinsurer, Peak Re has unveiled David Cabral as the companys new chief operating officer. Mr Cabral as more than 35 years global (re)insurance experience. He founded a (re)insurance advisory firm with an extensive ran

U.S. oil prices increased 0.9 percent on Tuesday as Iranian crude oil exports continue to drop and a number of oil production facilities in Gulf of Mexico were closed due to the approach of Hurricane Michael. Daily crude oil exports by Iran

Guangzhou International Cruise Home Port (GIC) is located in the capital of Guangdong Province, a political, economic and cultural center in Southern China. A converted cargo berth can now host a 150,000-ton ship, with a 4,000-square-meter

A huge container ship named CMA CGM Congo arrived at Lebanese port of Tripoli on Tuesday to open a new shipping line between China and the port. The vessel is the first to hold 10,000 containers. It will unload 1000 containers in Tripoli po

Chinas iron ore futures market fluctuated at a narrow range today. Traders quotations remained stable compared with that of the day before holiday. In Tangshan, screened Neman lump, Neman fines, MAC fines, Carajas fines and Ukrainian fines

1.As an epitome of the achievements made by Chinas reform and opening up,the Ningbo-Zhoushan Port has developed into the worlds first international port which handles one billion tons of cargoes a year. 2.Chinas CNOOC plans to expand its LN

According to the resolution of the 72nd session of MEPC of the International Maritime Organization (IMO), the 0.50% limit on sulphur in fuel oil on board ships will come into effect on 1 January 2020. The resolution is made aiming at promot

The group consists of eight different organisations, including paint manufacturers, ship owners and cleaning companies, with the aim to take a holistic approach to establishing an international standard that will work in practice. The stand

Ratings agency AM Best last week awarded Cosco Shipping Captive a Financial Strength Rating of A (Excellent). AM Best characterised as very strong reflecting the companys performance, neutral business profile and the support from its parent

IMOs MEPC will discuss Norwegian proposals for ship implementation plans relating to the new low sulphur cap at its 73rd session this month. Norways proposals call for plans to be developed that are both in accordance with agreed IMO guidan

Along the 32-kilometer coastline outside Athens, a forest of cranes at the Port of Piraeus is busy 24 hours a day loading and unloading thousands of containers that are transported between Asia and Europe. Flourishing trade volumes have dir

Chinas largest shale gas field Fuling had produced a total of 20 billion cubic meters of shale gas as of Saturday. The shale gas field was first discovered in 2012 and developed by Chinas leading oil refiner Sinopec in the southwest municip

Localization has become a key to Chinese firms success with more and more Chinese investors establishing companies in countries in Europe. Hamburg of Germany is an important transition port in Europe. Containers discharged from this port wi

Chinas iron ore futures closed higher on Monday. The most active contract for January 2019 delivery ended the day session up 1.01 percent at 498 yuan per ton. China has opened the domestically-traded iron ore futures to foreign investors si