On October 12, the signing ceremony of Shenzhen Capital Holdings transfer of CIMCs share agreement was held in Shenzhen. After the signing and the completion of the subsequent approval process, Shenzhen Capital and its designated wholly-own

On October 12th, DSIC held the signing ceremony of the large-scale breeding ship project of Dongfang Fishery. DSIC has signed an intention agreement with Dongfang Fishery for the construction of 10+8 large breeding ships. The 10 large breed

According to our Shanghai office, 7 Chinese governmental bodies including the Ministry of Transportation (MOT) have released a notice last week announcing that 10 Chinese ports will resume foreign crew change operations with certain require

With waves of iron ore imports arriving in a record number of shipments throughout the third quarter in China, and no signs of any letup to this explosive demand for the raw ferrous commodity, the Capesive market is expected to remain firm

INTERCARGO ran a series of key meetings virtually on 8-9 October. Its Annual General Meeting, Executive Committee meeting and Technical Committee meeting were held via videoconference. At these important events INTERCARGO re-iterated its co

On October 10, the 180,000 dwt capesize bulk carrier SHANDONG DE YUN, built by Waigaoqiao Shipbuilding, was named and delivered to Shandong Shipping, which is the sixth capesize bulk carrier delivered to Shandong Shipping this year. SHANDON

State-owned utilities and steel mills in China received verbal notice from Chinas customs to stop importing Australian thermal and coking coal with immediate effect, several sources close to the matter told SP Global Platts Oct. 9. State-ow

In the week ending Oct-9, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) Ningbo-Containerized-Freight-Index-Weekly-Commentary-2020-10.3-10.9 Below find the NCFI Weekly Index Data chart: Ningbo-Containeri

VLCC Another week of mostly static rates. There were no changes in rates or sentiment in the Middle East with 280,000mt to USG via the Cape/Cape routing remaining assessed at a shade above WS17 and 270,000mt to China hovering around WS26.5.

Norways Offshore Heavy Transport (OHT) formally clinched orders for China Merchants Heavy Industrys first new-generation wind power installation ship. On October 3, OHT, through its wholly-owned subsidiary VINDOffshore Installation 1, signe

The Maritime and Port Authority of Singapore (MPA), the Singapore Maritime Officers Union (SMOU) and the Singapore Organisation of Seamen (SOS) have extended financial support for Singaporean seafarers under the Seafarers Relief Package (SR

The Baltic Exchange is expanding its escrow service with an offering to mitigate counter party risk during the chartering process. Amongst various uses, the service can support a chartering deal by facilitating and holding a security sum in

Global, sector-focused law firm HFW successfully acted for the owners of a vessel involved in a high-value collision case that saw evidence provided remotely from on board a vessel at sea in a historic first for the UK Admiralty Court. HFW

Throughout the pandemic China has been a key focal point. Whilst it was the first country to go into full lockdown, and the first to see a significant collapse in oil demand, it has also been the country that so far, appears to have rebound

In response to saving some 400,000 stranded seafarers who needed to be relieved and this number rises with every week that passes, a joint industry submission, coordinated by ASA (co-sponsored by 16 other international associations) was sen