Chu Kong Shipping Enterprises has taken a 60% stake in local ferry operator New World First Ferry Services for HK$232.8m from parent company NWS Holdings. NWS Holdings will retain the remaining 40% stake Established in 1999, NWFF runs five

SMM, the leading international maritime trade fair, has been postponed to 2-5 February 2021 in response to the coronavirus pandemic and its global impact on major events and international travelling. Detailed answers to any questions in con

1.The Schulte Group, has announced that it has signed an intended agreement with the Shanghai Pudong New Area Municipal Government to transformits existing China presence in Shanghai to a headquarter status. 2.Chinese shipbuilding giant Chi

XindeMarineNewshasjoinedthecallingonseafarersacrosstheworldtosoundtheirshipshornswheninportat12.00localtimeonInternationalWorkersDayon1May2020launchedbytheInternationalChamberofShipping(ICS)anditsglobalnetworkofnationalmemberassociationsand

The Schulte Group, one of the largest ship owners and managers, has announced that ithas signed an intended agreement with the Shanghai Pudong New Area Municipal Government to transformits existing China presence in Shanghai to a headquarte

The direct liner ship line that links Zhanjiang in Guangdong province and Shanghai was officially launched with the Dong Run 5 liner ship from Shanghai berthing at the Baoman Container Terminal at Zhanjiang Port on April 26. This is the thi

Oil tankers are massing off the coast of California and elsewhere as burgeoning supplies leave producers scrambling to find storage. Stay-at-home orders issued by governments worldwide to slow the spread of COVID-19 have reduced global crud

US oil nosedived below $11 a barrel on Tuesday after a major exchange-traded fund started selling its short-term contracts of the commodity, and storage concerns mounted as the coronavirus strangles demand. West Texas Intermediate, the US b

The Maritime and Port Authority of Singapore (MPA) will provide further financial support to the maritime industry in the wake of the global COVID-19 (Coronavirus Disease 2019) outbreak. The maritime sector is key to Singapores economy. Sea

On April 29, China Shipbuilding Trading, Shanghai Waigaoqiao Shipbuilding, Guangzhou shipyard International and Bank of Communications Financial Leasing signed 12 120,000-ton dual fuel tankers construction contracts in Beijing, Shanghai and

On April 24, CSSCs 2020 second-phase corporate bonds were successfully issued on Shanghai Stock Exchange, with a scale of 3 billion yuan, a 3-year term, and a coupon rate of 2.38%. The corporate bond hit a record low in the domestic issuanc

The index developed by Shanghai Shipping Exchange has been there since 2009 and has been recognized by the related industries, and many would hedge the freight risks by buying or selling this particular freight index. Also freight traders w

China is set to release its first-ever quotas to export very low sulphur fuel oil (VLSFO) with total volumes of 10 million tonnes for this year, six industry officials with knowledge of the matter said on Tuesday. The quotas, which followed

Move over FedEx. Now theres a new fruit express shipping line for Southeast Asia. The line was officially launched on Monday at Dalian port in Liaoning province by China COSCO Shipping Corp. The first vessel for the Dalian route, the CSCL S

As the world is in a long battle with the COVID-19 pandemic, the international oil market, being an area that is highly susceptible to geopolitics, emergencies, and fluctuation in the economy, is a key area that has been affected too. Inter