U-Ming Marine Transport (Singapore), a fully-owned subsidiary of U-Ming Marine Transport Corporation, has held a christening ceremony at Qingdao Beihai Shipyard for M.V. Grand Wisdom, its second 325,000 dwt Very Large Ore Carrier (VLOC). Th

China has taken measures to secure natural gas, electricity and coal supplies ahead of another expected cold snap in coming days, the countrys top policy planner, the National Development and Reform Commission, said in a Dec. 28 press confe

In November 2020, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 161.13 points, up 10.78% from the previous month and up 13.83% year-on-year; the export tr

China has raised quotas for refined fuel export volumes by 5.4% year-on-year in its first batch of 2021 to seven firms, including a private refiner, according to a state-run energy exchanges blog and one of the recipient companies. The coun

With its profits soaring and the need to meet immediate market demand, Wan Hai Lines plans to buy second-hand container ships for $360m. The soaring freight rates of container ships in Europe and the United States have also led to a sharp r

Chinas crude oil imports from the United States soared 13 fold in November from a year earlier to the third highest on record, customs data showed on Friday, as companies accelerated energy purchases set out under a trade deal with Washingt

The China Tianjin Bulk Freight Index (TBI), an indicator of northern Chinas international bulk freight rates, stood at 804.68 points on Thursday, up 0.92 percent compared with the previous working day. The statistical samples of TBI cover e

Date: 7 January 2021 (Thursday) Time: 13:30 17:30 Language: Chinese (Putonghua) I. Introduction of the forum Discussion of Hong Kong maritime arbitration and its effect on Chinas international shipping and trade. II. Organizers and Supporti

On December 23, a 1500 TEU container ship FSL COLOMBO built by CSSC Huangpu Wenchong Shipbuilding for the Greek shipowner COSMOSHIP was successfully delivered. Representatives of all parties signed the delivery documents. The FSL COLOMBO wa

On December 22, New Times Shipbuilding held the ship christening and delivery ceremony, general manager Liu Haijin, executive deputy general manager Zhang Yuyong and representatives of South Korean shipowner Pan Ocean Co., Ltd. attended the

Aegean Shipping Management announced Thursday it has exercised an option for a third Aframax tanker from Chinese shipbuilder COSCO Heavy Industry (Yangzhou) Co. Ltd. At the same time, a letter of intent (LOI) for a fourth vessel was signed.

Chinese authorities have stepped up measures to overcome power shortages in several provinces, including raising coal production and resolving transportation bottlenecks, but their impact on LNG imports is likely to be limited, according to

The composite index increased 1% this week, and 169.2% up when compared with same period of 2019. The average composite index of the WCI, assessed by Drewry for year-to-date, is $2,129 per 40ft container, which is $590 higher than the five-

The Baltic Exchanges main sea freight index posted its first annual gain in three years on Thursday as iron ore shipments to China bounced higher, despite a hit to shipping activity due to the coronavirus pandemic. The Baltic dry index, whi

COSCO SHIPPING Energy Transportation will consider ordering its first batch of VLECs at a Chinese shipyard in the near future. This is mainly due to the recent VLEC cooperation letter of intent signed between COSCO SHIPPING Energy Transport