1.Hu Wenming, former chairman of China Shipbuilding Industry Group,is currently under investigation. 2.The Philippines fully supports the recognition of Filipino seafarers as key workers ensuring that ship crew changes can take place safely

A.P. Moller - Maersk had a financially strong start to the year. Despite the COVID-19 pandemics profound impact on global trade the company kept momentum in its strategic transformation and demonstrated robustness to weather the crisis. In

Chinas energy and chemical giant Sinopec has said it has put Chinas largest petrochemical port into operation with the successful docking and unloading of the New Renown, a very large crude carrier (VLCC) from the Middle East. The tanker wa

Edward Liu, legal director with Hill Dickinson Hong Kong, has been appointed as a member of the Steering Committee on Mediation and its Public Education and Publicity Sub-Committee each for a new term from 1 January 2020 to 31 December 2021

The China Tianjin Bulk Freight Index (TBI), an indicator of northern Chinas international bulk freight rates, stood at 522.03 points on Tuesday, down 1.57 percent compared with the previous working day. The statistical samples of TBI cover

Two Singapore-based executives of consultancy EY have been appointed as the Interim Judicial Managers (IJM) of Singaporean shipping firm Ocean Tankers (Pte) Ltd, a unit of troubled oil trader Hin Leong Trading Pte Ltd, EY told Reuters on Tu

A total of 91 vessels carrying 14.05 million mt of iron ore arrived at major Chinese ports during May 3-9, SMM estimates. This was up 1.21 million mt from the prior week, and up 1.72 million mt from the same period last year. For the same w

Hu Wenming, former chairman of theChina Shipbuilding Industry Corporation （CSIC）, issuspected of violation of discipline and law. He is is being investigated by the Communist Party of China Central Commission for Discipline Inspection a

1. The first 5G smart port jointly developed by COSCO SHIPPING Ports Limited, Dongfeng Commercial Vehicle and China Mobile (Shanghai) for driverless container truck has passed the trial run. 2.Fire fighters extinguish fire which broke out o

On May 8, the worlds largest container ship HMM Algeciras of Hyundai Merchant Marine left Yantian International Container Terminal with fully loaded, setting a new world record in freight volume. HMM Algeciras is about 400 meters long, 61 m

On May 9, COSCO Shipping Heavy Industry (Yangzhou) successfully delivered the second 208000 DWT bulk carrier HAGEN OLDENDORFF for CDB Leasing, 20 days ahead of the contract delivery time. On the day of delivery, COSCO Shipping Heavy Industr

Fire fighters extinguish fire which broke out on a crude oil tanker at Waruna Shipyard at the Port of Belawan in Indonesias province of North Sumatra, May 11, 2020. A fire broke out on a crude oil tanker docked at Waruna Shipyard at the Por

The markets, particularly for shipping, oil and stocks, have been highly volatile over the last few months and the news cycle endless. In these times of uncertainty, real time and objective data is critical to understand and take advantage

The collapse of the oil market has seen prices of marine fuels compliant with the IMO 2020 sulphur regulation dwindle providing some ease for shipowners in the unprecedented economic crash. From a shipowners or charterers perspective, the l

Chinese stainless steel futures surged on Monday, hitting their highest level in over nine months as domestic demand continued to pick up after coronavirus-related shutdowns. The most-traded stainless steel futures contract on the Shanghai