International shipping association BIMCO is planning to develop new gas-related contracts in Asia in an effort to further increase the involvement of its Asian members. The two contracts are the liquefied natural gas (LNG) bunker purchase c

The third edition of Hong Kong Maritime Week organised by the Hong Kong Maritime and Port Board (HKMPB) with co-organisers, the Hong Kong Shipowners Association and the Hong Kong Maritime Museum, as well as the partners Hong Kong Trade Deve

The first images from a new satellite which can see through clouds and image the Earth round the clock to help stop illegal activity and protect the environment was unveiled today (Friday 23 November). Science Minister Sam Gyimah saw the im

Chinas research icebreaker Xuelong has entered a floating ice area in the Southern Ocean to avoid a cyclone. The ice area is located at 61.55 degrees south latitude and 110.37 east longitude. Xuelong traveled between sheets of floating ice,

As the cost inflation is set to accelerate on higher insurance premiums, average vessel operating costs rose modestly for the second year in succession following two years of marked declines, according to the latest report published by glob

Chinas iron ore futures ended lower on Friday. The most active contract for January 2019 delivery finished the day session 4.61 percent lower at 497 yuan per ton. China has opened the domestically-traded iron ore futures to foreign investor

Chinas extension of its emission control areas to its entire coastline will be triggered within weeks in a move that is certain to encourage LNG-fuelled and other low-pollution shipping in the longer term. The regulations, which were announ

Overview The continued severity of the tanker market conditions has made owners dig deep into the oversupply of capacity. Still BIMCO expects the tanker fleet to keep growing. A short-term rate recovery is not expected, as it is maintenance

Xiamen Hairun container terminal was honored as the 2018 Asia-Pacific Green Port by the international organization APEC Port Service Network (APSN) during a port connectivity forum held in Singapore from Nov 15 to 16. Over the past year, th

Lebanons port of Tripoli and Chinese maritime transport company Cosco agreed on Wednesday to open a maritime line between China and the port for regular export of Chinese products, local media reported. The line is set to open on Dec 24, ac

To paraphrase Mark Twain, news of the death of Hong Kong Port has been greatly exaggerated. In fact, according to the Group managing director of Modern Terminals, Peter Levesque, the port is on the verge of a new lease of life. Addressing a

1.New Dayang Shipbuilding, restructured from the bankrupt Yangzhou Dayang Shipbuiling, has been newly established and is now officially in operation. 2.The International Maritime Organization (IMO)-led GloMEEP project has delivered a traini

HONG KONG-Listed Orient Overseas (International) Ltd is to launch the sale process of its container terminal in the US west coast port of Long Beach, California in December in a deal that is expected to far exceed the companys US$2.4 billio

Dry bulk shipowner Pacific Basin has closed a $40m seven-year term loan facility with Danish Ship Finance. The facility is an extension of Pacific Basins existing term loan with Danish Ship Finance and is secured by the same 19 vessels curr

The oil complex moved sharply lower Tuesday as a second day of sliding equities increased concerns that global macroeconomic woes could pressure oil demand. ICE January Brent settled $4.26 lower at $62.53/b and NYMEX January WTI settled $3.