Saudi Arabia and Russia are in a tight race to become Chinas top oil supplier in 2020, with both countries boosting crude exports to the economic powerhouse even as the coronavirus pandemic hit global demand for oil this year. Saudi Arabia,

Spaces on most routes are tight and the composite index increases Ningbo Containerized Freight Index： In the week ending Nov13, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 1483.1 points, slig

The 10th Asian Logistics, Maritime and Aviation Conference (ALMAC), an annual signature event for the industries jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development

Elephant in the Room This week the IMO agreed short term measures to address climate change. For many, it was felt that these measures lacked the ambition needed to reach the IMOs goal of reducing total GHG emissions by 50% and carbon emiss

For the first time in decades, theres a shortage of shipping containers in China as export shipments outpace inbound ones, and freight rates are surging as the imbalance worsens, industry analysts said. Export demand is rising as production

The prevailing unresolved issue of having sea crews stranded on vessels or in their home countries has not just caused hardship and pains to the helpless crews, but also inflicted all ship owners, and ship and crew management companies with

On November 19, 2020, Shanghai Maritime Safety Administration issued the first qualification certificate to Shanghai CMA CGM International Ship Management in Lingang New Area. The company became the first wholly foreign-owned enterprise in

The combination of market mechanisms and regulatory instruments will be the defining feature of shippings journey to decarbonization. Though regulation remains critical to implementation, the drive from the industry will accelerate the proc

There are dangers associated with the carriage of certain solid bulk cargoes like bauxite, direct reduced iron cargoes, iron ore fines, nickel ore, palm kernel shells, iron sand and distillers dried grains with solubles more commonly known

From ferrying vessel crews on top of the waves, to housing rare aquatic life beneath them, Inchcape 1 continues to serve a unique community in the welcoming waters of the UAE. I dont think the naval architects behind Inchcape 1 originally d

Elcome International has been appointed as a non-exclusive distributor of Navimeteo professional weather forecasting and observation services globally. Navimeteo offers subscription-based marine weather forecasting services designed primari

On November 18, COSCO SHIPPING Bulks first customized ship for Chinalco Guinea project, HUI ZHI HAI (N946), was successfully christened. The ship is the first ship of 8 210,000 dwt bulk carriers built by COSCO Shipping Heavy Industry (Yangz

The worlds largest trade pact was signed on 15 November 2020 by leaders from 15 countries comprising all 10 ASEAN members and key partners of Australia, China, Japan, South Korea and New Zealand after nearly 10 years it was contrived at the

The Regional Comprehensive Economic Partnership agreement will be a strong growth driver for the shipping industry, logistics firms and major ports, industry experts said. Participating countries of the RCEP are the 10 member states of the

The Shanghai International Energy Exchange (INE) is considering using oil storage sites in Singapore owned by PetroChina Co as a delivery point for its low-sulphur fuel oil futures contract, according to two sources with direct knowledge of