1.Chinese domestic dry bulk shipping operator CSC Phoenix has announced that Shaanxi-based Nanye Group,has increased its shareholding in the company to 5%. 2.Brazils Vale and Chinas Ningbo Zhoushan Port Group have signed a memorandum of und

China National Petroleum Corp (CNPC), the countrys largest oil and gas company, has been stepping up its equivalent overseas equity production of oil and gas in recent years to meet the surging demand at home, China Daily said. It vowed to

South Chinas Guangxi Zhuang autonomous region saw its foreign trade volume reach 264.14 billion yuan ($37.51 billion) in the first seven months of the year, up 23.8 percent year-on-year, local authorities said Monday. The growth was 19.6 pe

The Baltic Exchanges main sea freight index fell on Monday, breaking a seven-day winning streak as rates for capesize vessels eased. The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 21 points, or 1%, to 2,0

1.Shenzhen Gas, a Chinese city-gas distribution company is set to launch its first fully-owned terminal in southern China. 2.Hong Kong-based Yun Lee Marine Group has entered into a subscription agreement with New Legend to subscribe 51% equ

The Maritime and Port Authority of Singapore (MPA), together with its partnersSingapore Exchange Limited (SGX), Global Compact Network Singapore (GCNS), Institute of Singapore Chartered Accountants (ISCA), and sustainability consultants fro

Hong Kong-based Yun Lee Marine Group has taken a 51% stake in compatriot marine services provider, New Legend, at a cost of HK$34.5m (US$4.4m). Yun Lee Marine offers vessel chartering services within Hong Kong waters, and the companys prime

ShipParts.com held the e-Procurement Seminar in Brazilian Offshore Marine on August 8 th in Rio de Janeiro. The event brought together guest speakers from Bureau Veritas (BV), China Classification Society (CCS), Korea Marine Equipment Associ

A new container shipping line between Qingdao and Weihai, two coastal cities in eastern Shandong province, witnessed its maiden voyage on Saturday, a fresh step to accelerate port asset integration in the province. Li Fengli, general manage

1.Chinas Jinjiang Shipping has launched a container shipping service for Taicang Port-Southeast Asia. 2.Cosco, the operator of Piraeus port, plans to build a $400m fourth terminal at Greeces leading port. 3.A new freight train service has b

A new freight train service has been launched linking Jinan, capital of east Chinas Shandong Province, and Budapest, capital of Hungary, making it the newest China-Europe freight train route. According to Xinhua, this is the fifth freight t

Chinas crude oil output gained 2.5 percent year-on-year in July, data from the National Bureau of Statistics (NBS) showed Wednesday. The growth accelerated from a rise of 1 percent registered in June, according to the NBS. The countrys crud

Just as much salvation has been brought to the world due to developments in marine industry in terms of better technology, there is no denying the fact that simultaneously the natural balance of things has had to pay a price. With ship tran

China plans to build an efficient and environmentally friendly freight system in its western region by 2025 through expanding railway networks and sea ports, according to the latest plan by the National Development and Reform Commission (ND

Guangxi province in southwestern China ramped up coal shipments via railway to Hengzhou power plant, one major coal-fired utility in the province, to meet surging power demand amid scorching weather. Electricity consumption jumped quickly f