Mitsui OSK Lines president and chief executive, Junichiro Ikeda revealed earlier this week that the newly established MOL Worldwide Logistics Ltd is to be headquartered in Hong Kong. The new company was first mooted last year when MOL first

Chinas crude oil futures settled lower on Thursday. The main contract for December delivery was down 1.08 percent to 520.00 yuan per barrel, data from the Shanghai International Energy Exchange (INE) showed. China launched its first yuan-de

At the United Nations in New York, the International Chamber of Shipping is representing shipowners at the start of a major negotiation to agree a new legal instrument for the protection of the ocean under the UN Convention on the Law of th

The Clean Arctic Alliance called on Cosco to make public the nature of the fuel that the Chinese cargo vessel Tianen has used and carried through Arctic waters. Clean Arctic Alliance Lead Advisor Sian Prior was responding to news that the C

1.Hong Kong-Taiwanese intra-Asia container line,TS Lines is set to issue an initial public offering (IPO) in Hong Kong. 2.Chinas Dalian Shipbuilding Industry Company and DNV GL said on Wednesday that they signed a joint development project

Chinas imported iron ore spot prices fluctuated at a small range with prices of partial specifications increased by RMB3-5/tonne. Expected for the rising market, some traders have sentiment of firming the lump price up. Traders said that th

DNV GL and Menon Economics announced that China is the top international shipping nation according to their new report The Leading Maritime Nations of the World, which was presented at the SMM trade fair in Hamburg today. The study benchmar

Classification society DNV GL granted approval in principle to Jiangnan Shipyards new liquefied natural gas (LNG) carrier design. The design was developed by the Chinese shipyard in cooperation with ship designer MARIC, GTT, DNV GL and majo

Chinas Dalian Shipbuilding Industry Company and classification society DNV GL said on Wednesday that they signed a joint development project agreement to develop a new 23,000 TEU LNG-fuelled ultra large container vessel. The project is focu

COSCO Shipping Lines reported a 12.4 per cent year-on-year increase in throughput in the first of half 2018, citing economies of scale and improved management as volumes hit 11.24 million TEU. The carrier also announced a 15.8 per cent incr

Norway-based Torgy LNG has signed a deal with Chinas Cosco Shipping Heavy Industry to build a liquefied natural gas (LNG) tank mock-up as a pilot project. The mock-up will help Torgy LNG to provide package services to the potential user inc

Hong Kongs Orient Overseas Container Line has swept up yet another award for its work in environmental sustainability. On 30 August, the company took the 2018 Singapore Environmental Achievement Award (regional) at a ceremony held by the Si

Hong Kong-Taiwanese intra-Asia container line, TS Lines is set to issue an initial public offering (IPO) in Hong Kong. Hong Kongs reputation as a premier regional maritime hub together with its lower corporate tax rates has been the decidin

Singapore Taiwanese refiners have been relentless in buying US crude oil over the recent few trading cycles, a new arbitrage trade pattern that could potentially push the island state into the ranking of top three buyers of North American o

Chinas imported iron ore spot prices remained changed in the morning affected by the strong futures market. Prices of partial specifications increased by RMB5/tonne. In Shandong, prices of Newman fine, Ukraine concentrate fines, PB fines, S