China Tianjin Shipping Index (TSI), an indicator of northern Chinas ocean freight rates for both international and domestic shipping markets, stood at 621.53 points Tuesday, up 0.92 percent compared with the previous working day. The statis

Soyoil prices in Argentina, the worlds largest exporter, spiked on Tuesday on news that the European Union bought three SME (soyoil methyl ester) biodiesel cargoes during the past 24 hours, propelling prices of the feedstock to their highes

On July 6, Guangzhou Shipyard International and DNV GL held the signing ceremony of inspection contracts for three 119,900 dwt dual-fuel oil tankers. Knut rbeck-Nilssen, CEO of DNV GL, witnessed the signing ceremony with real-time video con

Sinomach announced that Wu Yongjie was appointed director, general manager and deputy secretary of the party committee of Sinomach and removed from his position as director and deputy secretary of the party group of CSSC. Wu Yongjie was bor

1.The Transport and Housing Bureau announced today as at 21 June, some 2,700 crew members had undergone rotation since 8 June. 2.The Baltic Exchanges main sea freight index rose on Monday helped by stronger rates for panamax and supramax ve

The Baltic Exchanges main sea freight index rose on Monday helped by stronger rates for panamax and supramax vessels which more than offset a decline in capesize demand. The Baltic dry index, which tracks rates for ships ferrying dry bulk c

Maersk announces that it has reached an agreement with Bridgepoint Development Capital to acquire KGH Customs Services (KGH), a Sweden-based specialist in trade and customs management services in Europe. This will further enhance Maersks ca

The Transport and Housing Bureau announced today as at 21 June, some 2,700 crew members had undergone rotation since 8 June, under the exemption that allows for seafarers to transit the territory without undergoing a 14-day quarantine. Acco

Chinas steel production remained at record high levels in late June, on track for a new record high of monthly output. The China Iron and Steel Association (CISA) reported Saturday that crude steel output across major mills in China average

Chinas new seven-megawatt offshore wind turbine has rolled off the production line, according to its developer. The semi-direct-drive wind turbine was developed by the CRRC Zhuzhou Electric Co. Ltd. in Zhuzhou, central Chinas Hunan Province

A White Paper published by National Cargo Bureau calls for urgent reform to stem the increasing number of container-related incidents caused by poorly stowed, undeclared or misdeclared dangerous cargoes The National Cargo Bureau (NCB) a US

South Koreas three biggest shipbuilders are set to challenge the leading Chinese companies in the battle for orders for Shells eight LNG powered VLCCs. Although the order, worth more than $700m, was financed by Chinese financial institution

On July 2, one ship in New Times Shipbuilding was delivered, one ship was launched and two platforms were closed. The four big nodes were realized in the same day, and production reached a new high. At 8:30 am, New Times Shipbuilding held t

1.Coal handling of Huanghua port, one of major coal transfer ports in northern China, reached 18.75 million tonnes in June. 2.Chinas coastal bulk freight market has seen a decrease in general demand in the week ending Friday, according to t

Hong Kongs minor bulk specialist, Pacific Basin, yesterday (3 July) warned shareholders that, due to an uncertain market outlook for dry bulk shipping, the company expects to incur a one-off non-cash impairment charge of US$198m on its flee