Paolo dAmico, Executive President of dAmico Societ di Navigazione, is the new Chairman of Registro Italiano Navale, following the previous appointment as Vice Chairman and member of the Board of Directors. Registro Italiano Navale is the ma

On October 21, COSCO Shipping Development issued a related transaction notice on the cooperation with COSCO Shipping Specialized Carriers on the multi-purpose pulp ships, in which it will purchase 10 62,000 DWT multi-purpose pulp ships thro

On October 19, 2020, the 7800PCTC series ship Grande Florida (ship No. GM05) was officially signed and delivered by Zhejiang East Coast Shipping, a wholly-owned subsidiary of Yangfan Group, for the Italian shipowner Grimaldi. The ship is th

After almost two years of restrictions, China will on Nov. 1 resume imports of recycled or scrap brass, copper and cast aluminum alloy that meet certain standards, the Chinese Ministry of Ecology and Environment announced. These products ha

China Tianjin Container Freight Index (TCI), an indicator of northern Chinas international container freight rates, stood at 698.52 points on Wednesday, up 0.4 percent compared with the previous working day. The statistical samples of TCI c

On October 16, Hudong Heavy Machinery, a subsidiary of CSSC Marine Power, and Jiangsu Yangzijiang Shipbuilding signed a contract for the construction of 2+8 WinGD 7X52DF main engines and LNG gas supply systems. The series of main engines an

Chinas flow of crude oil into storage accelerated in September, reversing two months of declines, as the worlds biggest importer of the fuel continued to work its way through massive volumes purchased during a brief April price war. The flo

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