Namibias new container terminal situated in the coastal town of Walvis Bay has placed the country in a more competitive position as it can now accommodate larger vessels, making it a preferred destination by many countries. Built by the Chi

Shanghai ranks as one of the top three international shipping centres with world-top container throughput, optimizing collecting and distribution system as well as improving business environment, Xinhua-Baltic International Shipping Centre

Petrobras is bidding to build Brazils largest floating production storage and offloading vessel (FPSO), which could cost up to $3bn. Two of the worlds largest FPSO operators, MODEC of Japan and SBM Offshore of the Netherlands, will be biddi

1.Chinas Hudong-Zhonghua Shipbuilding is to deliver another LNG carrier that will serve the Novatek-operated Yamal project in the Arctic. 2.Zhejiang Satellite Petrochemical is currently in talks with South Korean yards for the construction

Owing to the changing epidemic situation in Hong Kong in the past few days, the HKSAR government has imposed a new condition to safeguard public health, while allowing both cargo ships and passenger ships to continue to perform crew changes

China has issued more non-state crude oil import quotas to refiners, for a total of 26.84 million tonnes (195.93 million barrels) in its third batch for 2020, three sources familiar with the matter told Reuters on Thursday. A total of 17 co

Singapores residual fuel oil inventories jumped 6% in the week to July 8 to a more than three-year high, official data showed on Thursday, as limited bunker demand and steady imports pushed supplies higher. This came as Singapore became for

The interim judicial managers of Ocean Tankers Pte Ltd - a troubled unit of the crumbling Hin Leong empire and one of the worlds largest operators of oil tankers - have raised doubts over the firms exposure to nearly US$1 billion of potenti

On July 7, CSSC Marine Power and Yangzijiang Shipbuilding Group signed a contract for the construction of 2+8 WinGD9X92DF main engines. The series of main engines signed this time will be used for the 14000TEU dual-fuel powered container sh

1.Chinese state-run shipping giant Cosco Shipping has entered into an agreement with Alibaba and its fintech affiliate Ant Group. 2.Chinese dry bulk carrier operator Ningbo Marine has secured a certification from China Maritime Safety Marit

Chinas Nanjing Iron Steel Co Ltd said on Wednesday it has completed its first blockchain-backed trade in iron ore after booking a $16.87 million shipment of the steelmaking ingredient from a joint venture of miner Rio Tinto. Blockchain, a d

CNCo will separate out its dry bulk shipping activities from its liner shipping and fleet management business and establish Swire Bulk as a standalone privately held company head-quartered in Singapore. CNCo established Swire Bulk as a divi

At about 0800hrs on 7 July 2020 (Singapore time), the Maritime and Port Authority of Singapore (MPA) was informed by the Malaysian authorities that three persons had fallen overboard from a craft approximately 2.1 nautical miles off Tuas. M

China Merchants Energy Shipping issued the pre-increase announcement of performance in the first half of 2020, the company is expected to realize the net profit attributable to shareholders of the listed company in the first half of 2020 is

1.Chinas bulk commodity market saw slower growth in June amid shrinking sales, industrial data showed. 2.China Tianjin Shipping Index (TSI) stood at 621.53 points Tuesday, up 0.92 percent compared with the previous working day. 3.A total of