1.The container throughput of Shanghai port exceeded 3.9 million TEUs in July, hitting a record high, according to Shanghai International Port (Group) Co Ltd (SIPG). 2.China granted export tax rebates or exemptions worth 812.8 billion yuan

The Tianjin Container Freight Index (TCI), an indicator of northern Chinas international container freight rates, remained unchanged from Wednesday at 531.28 points on Thursday. The statistical samples of TCI cover 19 international shipping

China granted export tax rebates or exemptions worth 812.8 billion yuan ($116.2 billion) in the first half of the year to relieve the financial pressure on enterprises amid the COVID-19 pandemic. Starting from March 20, the country raised t

Brookes Bell the global technical and scientific consultancy - announced plans to develop a high-end laboratory to deliver comprehensive metallurgy, fuel testing, paint analysis and non-destructive testing facilities. Aimed at delivering a

CSSCs Jiangnan Shipbuilding recently signed a contract with AW SHIPPIING LIMITIED to build three 86,000 cubic metre VLGC vessels. This type of ship is a LPG dual-fuel main engine independently developed and designed by Jiangnan Shipbuilding

On the morning of July 28, 2020, the commencement ceremony was held for the construction project of 14000kW large cruise rescue ship (upgraded version) of Nanhai Rescue Bureau undertaken by China Merchants Heavy Industry (Shenzhen). The shi

1.Xihe is currently working with its ship financing banks (Lenders) on a consensual restructuring of the Group. 2.Iron ore and steel futures in China closed higher on Thursday as Beijing aimed to complete local government special bonds issu

The Baltic Exchanges main sea freight index extended gains on Thursday, helped by a rise in rates for capesize and panamax vessel segments. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates

ReCAAP Information Sharing Centre Holds Dialogue with Shipping Industry to Strengthen Maritime Situation Awareness and Deepen Cooperation in Fight against Piracy and Sea Robbery in Asia Dialogue comes on the back of almost two-fold increase

A new management team has been put in place to chart a fresh course for Singapore-based tanker shipowner Xihe Group of Companies (Xihe) which owns almost 140 vessels covering every segment of the fuel transportation market.Xihe is currently

Recently, the concept design of SEA BREATH small luxury cruise ship independently developed by Italian branch of China Merchants Cruise Research Institute has won AIP certificate issued by RINA. SEA BREATH, a small luxury cruise ship, adopt

Korean shipowner Sinokor once again ordered four 1,100 container feeder ships from Huangpu Wenchong Shipbuilding. The four new ships are scheduled to be delivered in 2022. The value of the newbuilding contract has not been announced. In add

1.Chinese authorities have tightened screening of crew members on vessels arriving at ports after several cases of COVID-19 were confirmed. 2.Rio Tinto said on Wednesday it saw a sharp V-shaped recovery in China as stimulus spurred industri

Rio Tinto said on Wednesday it saw a sharp V-shaped recovery in China as stimulus spurred industrial activity, helping its first-half profit handily beat market expectations. Rio Tinto is the first of the major iron ore miners to report res

China Tianjin Container Freight Index (TCI), an indicator of northern Chinas international container freight rates, stood at 531.28 points on Wednesday, up 0.01 percent compared with the previous working day. The statistical samples of TCI