Shanghai Terminal (a wholly-owned subsidiary of the Company) proposed to enter into the Consortium Agreement with COSCO SHIPPING Tianjin and one or more Other Investors, pursuant to which the Consortium would seek to acquire a maximum of 5,

HONG Kongs Orient Overseas (International) Ltd (OOIL), now a Cosco unit, and parent of Orient Overseas Container Line (OOCL), has announced a profit attributable to equity holders of US$139 million for the six-month period ended June 30, 20

A Chinese rail company has started selling low-emissions freight containers that keep cold without the need for fuel-generated refrigeration. Hebei-based transport business CRRC Shijiazhuang sold 49 of the containers to a manufacturer in Ch

This week our CLEANBU MV Baru successfully made the first switch from wet to dry cargo, the first cargo switch for our new CLEANBU fleet. The vessel transported a full cargo of petroleum products (CPP) from India to Argentina. After dischar

1.Chinas new self-developed oceanic research vessel has set sail to the South China Sea to conduct its first comprehensive sea trial. 2.Chinas cargo throughput at ports climbed 7.7 percent year on year to 7.9 billion tonnes in the first sev

Spot rates for shipping containers from Asia to northern Europe in the week ending Friday fell a further 2.3 per cent to US$793 per TEU, while the Shanghai-Mediterranean rates dipped 4.7 per cent to $969 per TEU, according to the Shanghai C

Chinas new self-developed oceanic research vessel has set sail to the South China Sea to conduct its first comprehensive sea trial, according to the Science and Technology Daily Monday.The vessel named Dayang (Ocean) is designed by the Chin

JAKARTA, Aug. 25 (Xinhua) -- A cargo ship with 25 people on board and carrying nickel ores lost contact after it sent a distress signal in waters off eastern Indonesia on Sunday, and the search operation will resume on Monday, officials sai

While the average overall rating of terminals remained the same as last year, there was a significant increase in the number of reports received. The increase in companies, and ships, involved in the Scheme means the report covers a wider r

1.Ningbo-based iron ore trader Henghou Group is looking to clear out its shipping fleet, having put its two VLOCs up for sale. 2.The administrators of bankrupt Zhejiang Ouhua Shipbuilding has managed to sell the entire assets of the shipyar

Why large shipping lines should think about asset-sharing In the past, companies have tried to optimize and unearth efficiency gains through value chain integration. Reason was that it is easier to communicate and optimize within a company

The 20th edition of Marintec China, a showcase of the latest maritime technologies and products, will be held at the Shanghai New International Expo Center from Dec 3 to 6. Organized by the Shanghai arm of the Naval Architects and Marine En

An assessment by Norwegian authorities finds that its maritime and oil and gas sectors have recently been victims of cyber campaigns specifically targeting companies in the US, Europe and the Middle East and advise companies to be prepared

1.The administrators of bankrupt Zhejiang Ouhua Shipbuilding have managed to sell the entire assets of the shipyard during a second round auction. 2.Seaborne iron ore prices plunged 6.3% today, falling to a level last seen in late January j

On 17 May 2019, the Joint War Committee (JWC) added the Persian or Arabian Gulf and adjacent waters, including the Gulf of Oman west of Longitude 58E, and Oman and the UAE, to its Listed Areas for Hull War, Piracy, Terrorism and related per