Wrtsil will supply its Fixed Pitch Propeller (FPP) and EnergoProFin solutions for two container vessels owned by Yang Ming Lines, the Taiwan-based shipping company, to help the container ship operator maximize efficiency in slow steaming mo

China has formalised import restrictions targeting Australias $14bn coal exports, Chinese state media has reported. The National Development and Reform Commission met 10 major power companies on the weekend and granted approval for them to

On December 10, the second 84,000-cubic meterVLGC, KEEGAN No.2, built by Jiangnan ShipyardforOriental Energy, was officially completed and delivered. So far, Jiangnan Shipyard has successfully completed the annual planned delivery of 8 VLGC

Two container ships collided at the Yangtze River estuary at around 11 pm Sunday, resulting in one ship sinking. Of its Chinese crew members, three have died while five are still missing, according to the Donghai Rescue Bureau of China on M

Iron ore futures on Chinas Dalian Commodity Exchange surged by almost 10% on Friday to an all-time high, crossing the 1,000 yuan ($152.95) per ton mark for the first time in history. A confluence of dwindling iron ore supply, surging steel

In the week ending Dec-11, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) Download PDF1 Below find the NCFI Weekly Index Data chart: Download PDF2 Source:Ningbo Shipping Exchange The opinions expressed h

Intelligent shipping will transform China from a large shipping country into a maritime power, thanks to the ongoing digitalization and new infrastructure efforts, experts said. New infrastructure development will strengthen the shipping in

Commissioned by our entrusting party, Guangzhou ShippingExchange Co., Ltd. (GSE) determines to organize an online bidding for a bulkcarrier named TIGER JIANGSU. The announcement is stated as follows. I. Description ReservePrice: USD 15,050,

On December 11,2020, Dr. Xue Maogen, President of Greater China region of Lloyds Register of shipping, visited the Shanghai headquarters of ContiOcean Group and awarded ContiOcean the first ship cyber security system solution (SCSS) AIP Cer

A first draft of the BIMCO Force Majeure Clause will be presented for review at the BIMCO Documentary Committee meeting 25-26 January 2021. BIMCOs new Force Majeure Clause is advancing and will provide a high threshold for invoking it in or

Late last week, an explosion at South Africas second largest refinery cast focus firmly on the East and South African refined products market. Engens 120,000 b/d Durban refinery is small by modern standards but combined with the ongoing out

The drafting team working on the revision of GENCON 94 has agreed on a new Clause 2 for shipowners responsibilities. The 1994 version of this clause, sometimes jokingly called the owners non-responsibility clause because of the near untouch

On Dec. 8, Jiangsu Ocean Shipping Co., Ltd. signed a contract with NACKS/DACKS for four new-generation 64,000 dwt bulk carriers, which are scheduled to be delivered in 2022. Since 2002, Jiangsu Ocean Shipping has invested in the constructio

The Maritime and Port Authority of Singapore (MPA) signed a Memorandum of Understanding (MoU) with the Shanghai Maritime University (SMU) today to support talent and academic exchange between Singapore and China in the maritime sector. The

Benchmark iron ore futures in China surged more than 7% on Thursday to hit a contract high, as speculative buying was fuelled by expectations that a recovering economy would lead to strong demand for the steelmaking ingredient. The most act