The global shipping industry risks losing an estimated US$1.7 billion revenue on account of the coronavirus. The most affected being international shipping lines, as findings show that Maersk Line could face the worst revenue shortfall sinc

On February 27, COSCO SHIPPING Holdings, the firstultra-short-term financing bond (epidemicprevention and control bond) of 2020, was successfully issued by the Bank of Communications, with a scale of 1 billion yuan and a term of 180 days. T

1.An operator of a restaurant cruise ship in Kobe said Monday it has filed for bankruptcy after being hit by a series of cancellations since January due to the new coronavirus outbreak. 2.On Tuesday, two German passengers aboard the cruise

Chinas finance ministry has swiftly approved the bulk of applications made by domestic LPG importers, exempting them from tariffs on US imports amid easing trade tensions between Washington and Beijing. Most importers submitted their exempt

Chinas crude stockpiles rose in February amid a decline in refinery throughput as refined product demand took a hit due to the coronavirus outbreak, while crude imports remained largely steady, according to trade flow analytics and market p

To date, the 3D printing of maritime components has been a nice idea but not one that has not always been deemed particularly practical or cost-effective. Things, though, may well be changing, writes Brian Dixon. Additive manufacturing, or

1.On February 28, Yangzijiang Shipbuilding Group announced its financial results for the fourth quarter of 2019, with total revenue of 4.8 billion yuan. 2.Alfa Laval PureBallast 3 has become one of the first non-Chinese ballast water treatm

Alfa Laval PureBallast 3 has become one of the first non-Chinese ballast water treatment solutions to be type approved by the China Classification Society. With the Chinese type approval in hand, PureBallast 3 systems can now be installed o

China National Offshore Oil Corp has been working on shoring up operations to ensure oil and gas security for domestic companies that have been resuming production to ease the impact of the novel coronavirus outbreak and maintain economic s

This court on June 19, 2019 accepted and dealt with the case regarding a vessel mortgage contract dispute between the plaintiff National Bank of Greece S.A. against the defendant Blue Laoura Maritime S. A. This court, according to laws, con

1.Director Jiao Guangjun was elected as the chairman of Tianjin Port, and director Liu Qingshun was elected as the vice chairman of Tianjin Port. 2.GTT has received an order from the Chinese shipyard Hudong-Zhonghua Shipbuilding (Group) Co.

On February 26, Tianjin Port announced that Mr. Jiao Guangjun was elected chairman of Tianjin port and Mr. Liu Qingshun was elected vice chairman of Tianjin port. According to the articles of association, chairman Jiao Guangjun is the legal

Due to concerns related to the new coronavirus infection, it is not possible to hold the exhibition as planned on 11-13 March 2020. Xinde Marine Newsinforms all exhibitors, visitors and related parties of this decision. The opinions express

In view of the current global COVID-19 situation, SMW events which originally slated from 18th to 24th April 2020 has postponed. Some events will be postponed to the second half of this year while others will reconvene at SMW 2021. Xinde Ma

Chinas index of export container transport declined in the past week, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) stood at 905.4, down 1.6 percent from a week earlier, according to the e