An effort by the Organization of the Petroleum Exporting Countries to stabilize the oil market ended in failure on Friday, with Russia rejecting a plan for addition output cuts and sending prices for the commodity plummeting to their lowest

A cruise industry trade association has hit back at reports speculating that the U.S. government may move to discourage some travelers from taking cruises as part of a broader Trump administration effort to limit the spread of coronavirus.

China has overtaken Germany as the biggest nation in the container shipping sector in terms of total TEU. On the other hand, overall VDR figures show that Germany remains the worlds fifth-biggest shipping nation with a 4.9 per cent share of

Optimarin and SunRui, two of the world leaders in ballast water treatment systems (BWTS), have announced a strategic market cooperation to provide a one stop shop for shipowners with diverse fleets worldwide, fulfilling increasing demand fo

Hong Kongs Orient Overseas Container Line (OOCL), now a Cosco unit, has made changes to its Pacific West Coast (PCN1) and Vietnam China South (VCS) services on the Trans-Pacific trade, which came into effect two days ago. On its Pacific Chi

COSCO SHIPPING International(Hong Kong) announced yesterday that from March 4, 2020, Wang Yuhang resigned as the companys executive director and chairman of the board due to job adjustments. On the same day, Zhu Jianhui, executive director,

UECC has ordered its second pair of dual-fuel LNG PCTC vessels based on their positive experience with the first two, in operation now for nearly four years. The new twins will add battery hybrid technology to the already eco-friendly desig

1.China State Shipbuilding Corp. has raised 5 billion yuan ($718.2 million) by selling so-called coronavirus bonds to replenish working-capital facilities that were severely depleted by the coronavirus outbreak. 2.The International Chamber

China State Shipbuilding Corp. has raised 5 billion yuan ($718.2 million) by selling so-called coronavirus bonds to replenish working-capital facilities that were severely depleted by the coronavirus outbreak. The shipbuilder is the latest

The Baltic Exchanges main sea freight index posted its biggest percentage jump in eight months on Thursday boosted by stronger rates across vessel segments. The Baltic index, which tracks rates for capesize, panamax and supramax vessels tha

Shares of U.S. cruise operators sunk on Thursday after the Grand Princess ocean liner, owned by Carnival Corp, was barred from returning to its home portof San Francisco on coronavirus fears after at least 20 people aboard fell ill. Shares

1.Another Princess Cruise Ship Grand Princess carrying more than 2500 passengers is caught up in coronabirus outbreak. 2.Chinese buyers have been allowed to apply for import tariff exemptions for US coking coal starting March 2. 3.Taiwans r

Anglo-Eastern Ship Management, one of the largest ship management companies in the world, has completed the successful roll-out of Navigator Port to their fleet of 650 vessels. Navigator Port software is used daily onboard several thousand

Oil demand is set to contract in 2020 as the coronavirus outbreak widened to 72 countries outside China as of Wednesday, threatening to put more pressure on the global economy and fuel demand, according to analyst projections this week. Thi

Taiwans regional carrier Wan Hai Lines is to purchase a pair of container carriers from Singapores Pacific International Lines (PIL). In an announcement to the Taipei Exchange, Wan Hai said it will acquire the Wan Hai 805 and the Kota Panja