The Baltic Exchanges main sea freight index rose for a ninth straight session on February 26, as strong demand for panamax and supramax vessels more than offset waning capesize demand. The Baltic index, which tracks rates for capesize, pana

On February 19,Chongqing Chuandong Shipbuilding Heavy Industry, a subsidiary of China State Shipbuilding Corporation,signed a construction contract with COSCO Shipping (Shanghai) for two 13800 ton stainless steel chemical tankers, with the

1.Seven cruise ships have been requisitioned to support Wuhan, the epicenter of the COVID-19 outbreak, as water hotels for medical teams from all over the country, according to the Ministry of Transport. 2.The Hong Kong Government may be ov

A few days ago, the Municipal Transportation Bureau released the subsidy fund for the port and shipping industry in 2019, with a total amount of up to 410 million yuan,benefiting nearly 100 key port and shipping enterprises in the city. In

Seven cruise ships have been requisitioned to support Wuhan, the epicenter of the COVID-19 outbreak, as water hotels for medical teams from all over the country, according to the Ministry of Transport. The first of these cruise ships, the B

China has ramped up fuel exports to compensate for losses to domestic demand as it grapples with the coronavirus outbreak, having not been able to prevent a surplus in the worlds second-largest oil consumer with cutbacks in its refining out

The first quarter of the year was decimated by the outbreak of the coronavirus, however, Maersk foresees a V-shaped recovery could occur after normal factory production levels return in China, provided outbreaks of the virus around the worl

The sudden outbreak has brought a huge impact on all aspects of shipyard business in China. All kinds of data and information show that the shipyards in our country are facing a huge problem in the ship repair business and shipbuilding busi

1.The World Health Organization (WHO) and the International Maritime Organization (IMO) have joined forces to issue a joint- statement in response to the challenges faced by the shipping industry during this coronavirus outbreak. 2.Many cou

Many countries and the World Health Organisation have praised China for extensive and prolonged action to control the outbreak of the novel coronavirus hitting China this year. Just how contagious Covid-19 can be has been illustrated by the

Japanese shipowners operating vessels on routes between Japan and China are continuing to opt for bunkering at Chinese ports despite concerns about the coronavirus outbreak. Port operations along the Yangtze river remained mostly normal thi

US-headquartered Blume Global opened its Asia Pacific regional office in Hong Kong last Thursday amidst on of the territorys more challenging periods in its recent history. In recognition of the brave decision to open the business now, amon

Coronavirus outbreak creates concerns to business, many would argue slowdown will happen to Chinese economy and inevitably produces negative impacts to business. Xiamen, major export hub, just released a series of economic impetus to encour

1.The market situation came out of the shadow of the epidemic. Chinese shipowner Seacon Group bought another large capesize vessel. 2.The novel coronavirus epidemic will not alter the fundamentals of Chinas foreign trade, foreign investment

Crew Member with COVID-19 (Coronavirus Disease 2019) Fully Recovers and Ship Resumes Normal Operations A crew member working onboard a cargo ship which arrived in the Port of Singapore from China was earlier diagnosed to have the COVID-19 i