Vale released its Q3 production figures last night. Results show a strong increase in their iron ore output in Q3, both quarter-on-quarter and year-on year. The higher production reflects improved performance at its Northern System, the res

On October 19, the 2700-meter-lane multi-purpose ro-ro ship BO HAI HENG DA built by CIMC Raffles for Bohai Hengtong Ferry was successfully launched in Longkou plant of CIMC Raffles. BO HAI HENG DA is the second ro-ro ship launched by CIMC R

On October 20, 2020, in the golden autumn season, ABB Drive headquarters in Beijing. Ma Bingwen, general manager of ABB Drive heavy industry, warmly entertained Jacky Zhou, president of ContiOcean Group, and Chen Fei, Secretary of the Party

Chinas index of export container transport went up last month, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) stood at 965.7 last month, up 9.9 percent from that of August, according to the

Chinas gross domestic product numbers tend to spark debate as to whether they are an accurate reflection of the true state of growth in the worlds second-biggest economy. The robust trend in commodity imports suggests they are. Chinas GDP e

On October 16, China Merchants Jinling Shipyard (Nanjing) signed and delivered the first 7800 meter ro-ro ship for Grimaldi in Italy. Jinling once again set a record for the largest ro ro ship made in China, and won many first records of ma

On the afternoon of October 17, Qingdao Border Inspection Station, with the cooperation of the prevention and control headquarters, customs and maritime departments, successfully completed the crew change of 19 foreign seafarers of the Libe

China has hit the brakes on its oil buying spree as swelling inventories and limited import quotas stifle purchases. Softening Chinese demand in the final quarter of 2020 comes as renewed lockdowns and a spike in coronavirus cases across Eu

In the week ending Oct-16, 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

Chinas announcement last month that it pledged to reach 2020-10-16-China-CO2-Neutral-More-than-hot-air Source:GIBSON SHIPBROKERS LTD The opinions expressed herein are the authors and not necessarily those of The Xinde Marine News. Please Co

A total of75 incidentsof piracy and armed robbery against ships (comprising 73 actual incidents and two attempted incidents) were reported in Asia duringJanuary-September 2020compared to54 incidents(comprising 49 actual incidents and five a

At 9:40 on the morning of October 16, a vehicle carrying three Vietnamese crew members departed from SIPGs Luojing branch terminal. The three foreign crew members were from Panamanian Adelaide cargo ship, which was docks on the 15 day morni

Lingshui 17-2 gas field project, the worlds largest truss semi-submersible platform independently designed and built by CNOOC, was completed in Qingdao. As the first module used in 1500m deep water high pressure gas field in China, the comp

Offshore investments are expected to rebound from 2021 and oil and gas operators will be looking for yards to build new facilities, with 40% of these contracts expected to be floating production storage and offloading (FPSO) units in the ne

The increase in long-term freight rates is in line with BIMCOs expectations given the current strength of the spot market. As many more containers are shipped on long-term contracts compared with short-term ones, the long-term contracts are