1.Mr. Fu Gangfeng was appointed Director of the Board, President and Deputy Party Secretary of China COSCO SHIPPING Corporation Limited, and relieved from the post of Director, President and Deputy Party Secretary of China Merchants Group L

On the afternoon of September 9, 2019, COSCO SHIPPING held a leading group (enlarged) meeting. Entrusted by the leadership of the Organization Department of the CPC Central Committee, head of the relevant official bureau under the Organizat

Chinas crude oil imports gained about 3% in August from a month earlier, customs data showed on September 8, buoyed by a recovery in refining margins despite a persistent surplus of oil products and tepid demand. Shipments of crude oil last

Guests attending the event, due to be held in the offices of Marsh Ltd in Tower Place West, 1 in London on Monday September 9th from 3pm until 6pm, will also witness a live link- up to Columbias state-of-the-art vessel Performance Optimisat

1.London International Shipping Week Opens on September 9,2019.High-level government and industry speakers from across the globe attend this biennial event to give their views on maritime industry. 2.Russian logistics company FESCO and its

OOCL is once again a proud winner of the 2019 Singapore Environmental Achievement Award (Regional) this year, an award that recognizes persistence and dedication to achieving environmental sustainability in all aspects of the business opera

The Cabinet Council of the Government of the Panama has officially approved the modification of the Panama Canal tolls structure, following a recommendation from the Panama Canal Board of Directors. The new structure enhances the Canals abi

Capesize The market reached new heights this week as the 5TC topped $38,014, a level not seen in the sector since 2013. Fridays 5TC closed down $732 to settle at $37,921. While this weeks surge in rates was driven by a tightening of tonnage

In the week ending Sep-6, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 655.5 points, slightly falling by 4.5% Download PDF1 Below find the NCFI Weekly Index Data chart: Download PDF2 Source:Ning

1.China Merchants Group successfully held the christening and delivery ceremony for Chinas first expedition cruise ship and foundation laying ceremony for cruise shipbuilding base. 2.Shanghai Shipping Exchange and CargoSmart Limited have si

Shanghai Shipping Exchange, a leading shipping index organization, and CargoSmart Limited, a leading global shipment management software solutions provider, have signed a Memorandum of Cooperation to develop a new shipping index for ocean c

Canadian National Railway (CN) announced that COSCO Shipping has chosen CN to be the exclusive rail provider for the Chinese state-owned shipping companys discharge at the Ports of Vancouver, Prince Rupert, Montreal, and Halifax to all curr

Chinese energy industry player China Huaneng Group has inked a strategic agreement with China State Shipbuilding Corporation (CSSC) for energy sector development, sources reported. According to the agreement, the two parties will jointly de

Maersk Oil Trading and Koole Terminals today announced the signing of an agreement to produce IMO 2020-compliant bunker fuel. The production will take place at the Petrochemical Industrial Distillation (PID) unit, located at Kooles Botlek s

COSCO SHIPPING Specialized signed a transportation contract with Hyundai Heavy Industries in July for Murphys Kings Quay floating production unit (FPU). Kings Quay will be fabricated in Ulsan, Korea and then transported in 2021 to the Gulf