Hong Kong-headquartered intra-Asia specialist SITC has made another foray into the newbuildings market with a brace of 2,400 teu containerships from Chinas Yangzijiang Shipbuilding. SITC will pay a total US$58m for the two vessels, which ar

ITASCA, Illinois-headquartered global supply chain solutions company AIT Worldwide Logistics has opened a new full-service station in the Qingdao on Chinas eastern seaboard. Located in Shandong province, AIT-Qingdao is the organisations sev

Hong Kongs Orient Overseas Container Liner (OOCL) has announced the cancellation of its Asia-Europe sailings on the eastbound and westbound WM1 service due to the expected low demand in the West Mediterranean region during the summer holida

Imported iron ore market remained firm today. Influenced by the downward trend of iron and steel futures market, steel mills are in cautious stance in procurement, mainly digesting inventories. Traders were eager to sell and the continuous

1.The "Emirates Sana" container ship left Xiamen for the United Arab Emirates on June 18, marking the launch of a new foreign trade route at Xiamen port. 2.New marine express services to boost trade in Yantai. 3.Pacific Basin Shipp

The bottom line is things are stronger for sure than they were last year at this time, said Arnold Donald, president and CEO of Carnival Corporation, touching on China on the companys Monday morning second quarter earnings call. Donald said

China Merchants Heavy Industries in Haimen, China, has laid the keep for SunStones new Greg Mortimer expedition ship, which will be delivered next summer to Aurora Expeditions on a long-term charter agreement. It is the first in a series of

China is on track to surpass Japan as the worlds largest natural gas importer by 2019, according to a report by the International Energy Agency (IEA). In its Gas 2018 market outlook, IEA projects China to be importing 171 billion cubic mete

Three homemade typhoon-resistant offshore wind turbines, among the worlds most powerful, have been running at full power since mid-May in Xinghua Gulf, East Chinas Fujian province. The turbines, with their 76.6-meter-long blades, each has a

After nearly four days at sea Tiankun, the first self-designed cutter suction dredger in Asia, which was independently designed and built by China, successfully completed its first sea trial. Navigation performance verified A review of oper

Oil prices rebounded strongly on Tuesday amid reports that the U.S. State Department said it will require companies to cut all oil imports from Iran to zero by November. Companies that buy Iranian crude oil must completely cut those exports

China will lower tariffs on imports from some Asia-Pacific countries beginning in July, according to an announcement released Tuesday by the Customs Tariff Commission of the State Council. The list of over 8,500 goods and items applicable t

On Marine Money latest magazine issue- The Bankers Issue Out Now! In this years Shipping Portfolio League Table 2017, The Export-Import Bank of China beats DNB, KfW IPEX-Bank and BNP Paribas to become the worlds largest shipping bank and th

ILLUSION PLUS, Chinese-built super yacht and the largest super yacht in Asia, started the seatrails after departing from the port in Yantai, China, and successfully finished its sea trial on 24th June, 2018. M/Y ILLUSION PLUS, this most exc

Imported iron ore market remains robust amid partial price hike in the light of upward fluctuation in futures market. Partial traders hiked offers by RMB5-10/tonne. Currently, spot transaction was concentrated on mainstream iron ore resourc