Iron ore stocks at Chinas ports declined by 4.4mt last week to 127.7mt, the lowest level since Jan-17. The pace of stock draw-down in recent weeks has been the highest on record with inventories falling by 20.8mt or by about 3mt per week si

China Harbor Engineering Company (CHEC) has won a fresh contract to carry out the second phase of the expansion work of Ghanas eastern port of Tema, officials confirmed to Xinhua late Tuesday. The contract signed with Meridian Ports Service

The U.S. Coast Guard (USCG) presented a type approval certificate for the largest PureBallast 3 reactor size: 1500 m3/h, on 15 May. Customers can now select any PureBallast 3 system configuration for use in United States waters, said a pres

Hamburg/So Paolo, 29 May 2019 The Global Wind Energy Council (GWEC) and WindEnergy Hamburg are extending and expanding their cooperation, as GWEC becomes the exclusive Global Partner of the worlds leading wind industry expo until the end of

In MEPC 74th meeting hold from 13th May to 17th May,IMO has approved a comprehensive set of guidance and guidelines to support the consistent implementation of the 0.5% sulfur limit in Marine fuel, which will come into force on 1st Jan 2020

Taiwanese shipping company Yang Ming Marine Transport Corp said that its containership YM Excellence while sailing from Shekou, China, to Singapore successfully rescued two Australians who were spotted fleeing out of a flaming yacht. After

The Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier licence of Southernpec (Singapore) Pte Ltd (Southernpec), with effect from 29 May 2019. Southernpec will cease to operate as a bunker supplier in the Port of

1.CSSC (Hong Kong) Shipping is looking to raise up to HKD 2.18 billion (USD 277.7 million) through an initial public offering (IPO) on the Hong Kong Stock Exchange.The shipowning arm of state-owned China State Shipbuilding Corporation (CSSC

Today, Tuesday, May 28 2019, the Baltic Dry Index climbed by 16 points, reaching 1082 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The ind

Surrounding circumstances and conditions are probably the greatest variables when the ship is at sea. It may become necessary all of a sudden to drop anchor in an emergency in case of steering failure, probable collision, manoeuvring in sha

The Maritime and Port Authority of Singapore (MPA) has issued a circular (no. 5 of 2019) highlighting increase in Port State Control (PSC) detentions experienced by Singapore ships due to defects relating to the ships sewage treatment plant

1.Brazils Petrobras is scheduled to deliver a VLCC crude cargo to bonded storage facilities it has leased at Qingdao port in Chinas eastern Shandong province by end-June, according to a port source with knowledge of the vessel and ship trac

ASBATANKVOY, one of the most widely used tanker charter parties in the world, will form the basis when BIMCO and the Association of Ship Brokers Agents (U.S.A.), Inc. (ASBA) begin to jointly develop a charter party specifically for use in t

As platforms for accelerating regional integration, more attention must be given to quality of Belt and Road port projects Ports are an integral part of the Belt and Road connectivity. At present, a pattern featuring improved local infrastr

The worlds principal shipping organisation, representing around 80% of the worlds merchant tonnage, International Chamber of Shipping (ICS) remains confident that shipping will improve its carbon efficiency by at least 40% by 2030 compared