Oil prices rebounded on Wednesday as official data showed a larger-than-expected decrease in U.S. crude stockpiles. The U.S. Energy Information Administration(EIA) said in a weekly report on Wednesday that the countrys crude stocks fell by

Hong Kongs Financial Secretary, Paul Chan confirmed Tuesday what many have anticipated when he announced a group of tax incentives to promote marine insurance, reinsurance and specialty insurance. As with anything of an economic nature in H

The Global Maritime Forums Annual Summit 2018, to be held in Hong Kong, has lined up a host of some of the top industry leaders, policymakers, experts and NGOs with the secretary-general of the IMO, Kitack Lim topping the bill. This inaugur

Leading international brake supplier Dellner Brakes AB is launching a brand new range of plug and play electrohydraulic braking systems at this years SMM in Hamburg, combining the very best of Swedish and German engineering, from Dellner Br

Shipbuilding giants Fincantieri and China State Shipbuilding Corporation (CSSC) have agreed to extend an existing cooperation spanning all fields of commercial shipbuilding. The firms signed a Memorandum of Understanding during a ceremony i

1.A port in Hambantota,Sri Lanka - a country seen as an important juncture along the Maritime Silk Road under the Belt and Road Initiative has been revived and started gaining economic benefits under the management of China Merchants Port H

The imported iron ore market fluctuated in a narrow range today, leading to the unchanged quotations in the morning. While partial iron ore prices saw declining trend with firm lump and pellet prices. Traders expressed that the mainstream r

Chinas crude oil futures settled higher on Tuesday The main contract for December delivery was up 0.12 percent to 512.0 yuan per barrel, data from the Shanghai International Energy Exchange (INE) showed. China launched its first yuan-denomi

China, the worlds second-largest importer of liquefied natural gas (LNG), is continuing to boost imports of the chilled fuel as it is pursuing its strategy for cleaner air. July LNG imports reached 4.15 million tonnes, 33.8 percent above th

Hong Kongs Orient Overseas Container Line (OOCL) has dropped several more Asia-Europe sailings because of low demand after the National Day holdiay. OOCL said in a press statement that Loop 1 on the Asia-North Europe Service, westbound: ETA

COSCO Shipping Container Lines has taken delivery of a 20,000 TEU containership built by Chinas Nantong Cosco KHI Ship Engineering Co (NACKS). The newbuild has been named Cosco Shipping Scorpio. The box ship will be deployed on the Far East

Ocean Installer has been awarded a contract for 3rd Party Verification and Engineering Support work for the Liuhua 29-1 Gas Field Development located in the South China Sea. The work scope encompasses 3rd party verification of detailed desi

SMM, the worlds leading maritime trade fair: An industry steers towards digitalisation This years SMM motto, Trends in SMMart Shipping, is right on track: The maritime sector is driving the use of digital solutions. From network-integrated

Cosco Shipping Ports (CSP), one of the worlds largest container terminal operators, said despite the the US-China trade war, as it posted a 70.1 percent jump in adjusted profit for the first six months ended 30 June 2018. 2018 is a year ful

1.Chinas largest ocean container ship returned to Yangshan Port in Shanghai on Thursday after its 77daysmaiden voyage between Far East and Europe.And there are currently five similarly sized container ships under construction in China. 2.Fi