Rio Tinto on Friday reported a 1.5% rise in iron ore shipments for the second quarter and said demand for the steelmaking ingredient was improving in China as its economy recovers from the coronavirus outbreak. The worlds largest iron ore m

Ghanas new container terminal located in West Africas Gulf of Guinea has placed Ghana in a more competitive position as it is able to accommodate larger vessels, thus unlocking huge trading opportunities within the region and with the rest

Chinas cargo throughput has increased for three consecutive months, according to Yi Jiyong, deputy head of the Water Transport Bureau under the Ministry of Transport on July 10, Yicai.com reported. Since the overall resumption of work at ca

As economic activity shrinks, shipyards are having to close and small shipbuilders are going bust. But Singapore-listed Yangzijiang Shipbuilding (Holdings) has actually announced several new orders. The builder of commercial vessels such as

In 2020, SUMECs New Dayang Shipbuilding signed four consecutive orders for domestic bulk carriers with a total value of more than 600 million yuan in less than 20 days. On July 16, the signing ceremony of two 51,000-ton domestic bulk cargo

In the first half of 2020, COSCO SHIPPING Energy Transportation released the performance forecast, and it is estimated that the net profit will be RMB 2.76 billion to 2.96 billion yuan, with a year-on-year growth of 488% to 531%. In the fir

1.The Organization of the Petroleum Exporting Countries has forecast that Chinas crude oil demand will surge next year. 2.China Tianjin Container Freight Index (TCI) stood at 526.30 points on Thursday, up 0.05 percent compared with the prev

On the 15th of July, Maersks first fully automated warehouse in China came into operation. Located in Ningbo, it is part of Maersks Meishan International Logistics Center project, which is managed by Maersk Joint Venture. The new facility e

OPEC says countrys consumption recovery building momentum as economy rebounds The Organization of the Petroleum Exporting Countries has forecast that Chinas crude oil demand will surge next year, as the nations economic activity recovers st

China Tianjin Container Freight Index (TCI), an indicator of Northern Chinas international container freight rates, stood at 526.30 points on Thursday, up 0.05 percent compared with the previous working day. The statistical samples of TCI c

The Baltic Exchanges main sea freight index edged higher on Thursday, supported by gains in the capesize segment which snapped an eight-session losing streak. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities

Saudi Arabias Energy Minister said on Wednesday that OPEC+ will ease its production cuts next month as planned. The group will reduce its cuts from 9.6mbpd currently in place to 7.7mbpd in August. However, it is unlikely to have any materia

On July 15, 2020, STL signed the ship transfer agreement with MISC BERHAD, and the company signed the ship chartering contract with Portovenere and Lerici (Singapore) Pte. Ltd.,a wholly-owned subsidiary of MISC. The companys subsidiaries Pa

In the first half of this year, CSSC Investment, a subsidiary of China State Shipbuilding Corp., made a total profit of 883 million yuan, 57% of its annual target. In the second half of the year, the Party Committee of the investment compan

Bernhard Schulte Shipmanagement (BSM), has launched a new Liquid Cargo training facility at its Maritime Training Centre in Cyprus. This, combined with a structured career progression model, will ensure BSMs LNG crews are highly trained and