Crude oil flows from Malaysia to independent refiners in China witnessed a dramatic surge of more than 70% year on year in January, helping the Asian supplier to displace Brazil from the second spot, while Russia held on to the crown as the

Chinas index of export container transport went up 27.8 percent month on month in January, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) stood at 1,906.13 last month, according to the exch

Chinese exporters suffer from extreme shortage and rising costs of shipping containers, which strand in America and Europe due to the COVID-19 pandemic. East Chinas Yiwu, also known as Chinas commodity-exporting hub, bore the brunt when con

Given the increased demand prior to Chinese New Year and THE Alliances service deployment, Yang Ming Marine Transport Corp. (Yang Ming) will take delivery of one more 11,000 TEU new chartered vessel YM Target on February 5th. With the suppo

In the first quarter of 2021, Jiangsu Zhenjiang Shipyard (Group) Co., Ltd. ordered two eco-efficient Konecranes Gottwald Model 8 Cranes on Barge. The cranes will be operated by Cosco Shipping Bulk Co. Ltd. (Cosco Bulk) off the coast of Guin

IMO Secretary-General Kitack Lim has welcomed the industry-led Neptune Declaration, which calls for seafarers to be designated as key workers and for cooperation to end the crew change crisis, which is not only putting seafarers in a desper

The BIMCO Maritime Information department informs members on a weekly basis, updates about the COVID-19 in relation to implementation measures imposed by governments for sea transport including for crew change as well as from the United Nat

BIMCO has taken the decision to revise and update SHIPMAN 2009 and CREWMAN A and B 2009 - the ship management sectors go to standard agreements. In recent years, these industry stalwarts have spawned several other standard third-party manag

With everything the pandemic has thrown at the oil industry, the last time we took a serious look at US VLCC export infrastructure developments was back in January 2020. At this point in time, we counted 9 projects under development, with t

FBX Index: Dont be fooled The container shipping market has gone through a period of extreme uncertainty and volatility in 2020, and it would only be natural for market participants to be hoping for more stability in 2021. The carriers succ

The construction plan of 18 4600TEU container ships worth 4.5 billion yuan has been finalized, and the first order of 10 new ships will be given to Yangzijiang Shipbuilding, while the old customer Jinling Shipyard was unexpectedly rejected.

2021 has successfully begun for CMA CGM as one more newly-built LNGpowered vessel, the CONTAINERSHIPS BOREALIS, was officially delivered at the shipyard of CSSC Huangpu Wenchong Shipbuilding Co., Ltd. Named after the stars that guide our se

Grand Wisdom, the second very large ore carrier (VLOC) to join the U-Ming Marine Transport fleet, has been delivered with a protective hull coating from Nippon Marine Paints A-LF Sea product range. Delivered in December from Beihai Shipbuil

Chinas independent refineries imported 18.16 million mt, or 4.3 million b/d, of crude and bitumen in January, a 35.1% on the month jump, as these privately-held companies started to actively discharge the oil off tankers that had been float

Already sitting on a suspected 26% increase in net profit accrued in 2020, Hong Kong-listed ship lessor CSSC (Hong Kong) Shipping has chalked up is second deal in the new year. In the latest arrangement CSSC Shipping has deployed two specia