Capesize After the BCI timecharter average went over $26,000 mid-week, the highest level this year, the market then went into a correction. In Asia, the West Australia/China route peaked at $10.30 for an early position cargo from Port Hedla

Clement Cheung, previously Commissioner of Insurance from 2006-2009, was appointed chief executive of Hong Kongs Insurance Authority on Friday (27 June). The IA is a new insurance regulator independent of the Government. It assumed the stat

The Hong Kong-based maritime transport company Pacific Basin Shipping, has announced unaudited interim net profit of US$30.8 million (HK$241.74 million), compared with a net loss of US$12 million last year. The international dry bulk shippi

Discover - Share - Donate - Thank --Ship Market Trend English and Chinese version writing and donating processes. In my 25-year shipping career life, I have worked in Shanghai, Korea, London, and Hong Kong. For the last ten years of my care

1.Cosco Shipping Ports (CSP) announced that it had sold a 10 percent stake in its CSP Zeebrugge Terminal to French container transportation and shipping company CMA CGM Group's container terminals unit's CMA Terminal. 2.Four million tons

When I came to Shanghai 30 years ago, the first impression was the large population. There were very few cars on the street and bicycles everywhere. There was only one underground tunnel in the city, and some shipyards could be seen on the

Chinas iron ore futures market followed the fluctuated trend today with spot quotations of traders remaining unchanged from the previous day. While the transaction volume has dropped slightly today. Traders were active in offering, but inqu

Oil prices continued to rally on Thursday as Saudi Arabia suspended oil shipments through a key Red Sea strait. Saudi Arabia said on Thursday that it was temporarily halting all oil shipments through the strategic Red Sea shipping lane of B

The first direct shipment of LNG from Russias Arctic region to Asia was delivered to PetroChinas Rudong terminal in Jiangsu province on Thursday, the first time the gas has arrived in Asia directly via the Northern Sea Route since the Yamal

DUBAI - Saudi Arabia said on Thursday it was temporarily halting all oil shipments through the strategic Red Sea shipping lane of Bab al-Mandeb after an attack on two big oil tankers by Yemens Houthi rebels. Saudi Energy Minister Khalid al-

The Ministry of Communications has issued a plan that highlights supporting Hainan to fully open up its international shipping business to promote the in-depth reform and opening-up of the tropical islands transportation industry. Drafted t

Cosco Shipping Ports (CSP) announced that it had sold a 10 percent stake in its CSP Zeebrugge Terminal to French container transportation and shipping company CMA CGM Groups container terminals units CMA Terminal, industry website container

Growth in global steel production maintained its momentum in June. According to the latest data released by WorldSteel global steel output grew by 9.7 million tonnes, or by 5.8% year-on-year in June. Growth picked up in pace in the second q

The image from Internet for reference only. ABB has announced that it will support the performance and fuel efficiency of COSCO Shipping Universe, Chinas largest ever containership at over 21,000 TEU, by providing its turbochargers. Deliver

Chinas imported iron ore market remains buoyant along with a RMB5/tonne rise in mainstream resources. Traders are bullish on the market thus tend to hold up prices as futures continue to strengthen this week. Steel mills show some buying in