The prospect and timeline of developing Arctic shipping as an alternative to traditional shipping is at risk of running into rising headwinds from unilateralism, trade protectionism and escalating China-US tensions in the wake of the COVID-

In June 2020, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 133.14 points, up 8.56% from the previous month and up 1.61% year-on-year; the export trade in

For the first half of 2020, Australia overtook Mongolia to become Chinas first coking coal supplier, with the tonnage up 66.5% on year to 24 million tonnes as against the overall growth by 5.6% on year to 38.2 million tonnes, according to d

The Baltic Exchanges main sea freight index declined for the seventh straight session to a more than one-month low on Tuesday, hurt by weaker rates across all vessel segments. The Baltic dry index, which tracks rates for ships ferrying dry

On July 24, Dalian Shipbuilding Industry held a naming ceremony for the 115,000-ton crude oil/product oil tanker No. 43 built for Maersk Tankers. Vice General Manager of DSIC Deng Changlian and relevant department heads attended the ceremon

On July 22, the ships SOYA TIANJIN and WHEAT WEIFANG ordered by Shandong Shipping Corporation and ICBC Leasing for Bunge Group were delivered at Yangzhou COSCO Shipping Heavy Industry Shipyard. ICBC Leasing and Shandong Shipping are pioneer

MoU signed at first webinar in MPAs Maritime Perspectives series to discuss new normal in maritime The Maritime and Port Authority of Singapore (MPA) signed a memorandum of understanding (MoU) with five international partners today, to deve

1.Chinas Hudong-Zhonghua Shipbuilding has completed the third Yamal LNG vessel for a joint venture consisting of compatriot China Cosco Shipping and Japans Mitsui O.S.K. Lines. 2.Liquefied natural gas (LNG) price edged up 0.2% and liquefied

For the second quarter ended 30th June2020, total volumes were 4.6% down from the same period last year. Total revenues increased by 1.1% to US Dollars 1,583.8million. Loadable capacity decreasedby6.4%.The overall load factor was 1.6% highe

The Baltic Exchanges main sea freight index fell for the sixth straight session to a more than one-month low on Monday, weighed down by weaker demand for all vessel segments. The Baltic dry index, which tracks rates for ships ferrying dry b

The China Tianjin Bulk Freight Index (TBI), an indicator of northern Chinas international bulk freight rates, stood at 746.90 points on Monday, down 2.84 percent compared with the previous working day. The statistical samples of TBI cover e

Recently, there have been media reports about the irresponsible behavior of individual practitioners. A few rotten apples have brought disrepute not only to their peers but also to the industry, which has been working extremely hard to ensu

1.Chinas crude oil imports from Saudi Arabia rose 15% in June from a year ago,as refiners ordered record volumes of the fuel in March and April. 2.Alphabulk, part of AXSMarine, has compiled its annual list of the worlds largest capesize own

Located at the heart of the American continent, Panama is known as the crossroads of the world, with the second-largest free-trade zone in the world and largest in the Western Hemispherethe Coln Free Trade Zone. The world-famous Panama Cana

Taiwan resumed an island-hopping ocean cruise on Sunday, joining a handful of places in the world to restart voyages after the coronavirus pandemic brought the industry to a virtual standstill. Some 900 holiday makers are adapting to new sa