Hong Kong-based dry bulk specialist Pacific Basin, today (17 May) closed a US$115m 7-year reducing revolving credit facility over 10 of the companys owned ships. The new facility is supported by a syndicate of three leading international ba

In the week ending May-17, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 607.4 points, slightly Full Report Below find the NCFI Weekly Index Data chart: Download PDF Source:Ningbo Shipping Exchan

Specialist insurer Beazley has created a marine cyber insurance product to meet the rapidly developing needs of vessel owners and operators. Should a cyber incident impact a vessels operational capabilities, Beazley Cyber Defence for Marine

1.Chinas state-owned shipping giant Cocso Shipping is to work with Hainan province to jointly promote localised shipping and port asset optimisation and consolidation. 2.China Merchants Energy Shipping (CMES), the energy transport unit of C

Loaded with food, clothing and furniture, shipping company MSCs Seaspan New York left Xiamen port in East Chinas Fujian province in early April. It is the first route that the worlds second-largest shipping company has opened to link Xiamen

Another two 2,200-unit car carrier ships will join the Cosco Shipping Specialized Carriers fleet by the end of this year, according to Yan Maifeng, the captain of Chang Rong Kou. The 4,100-unit PCTC Chang Rong Kou is part of the current fle

Chinas container transport for export purposes edged up for the week ending Friday, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) stood at 804.46, up 1.6 percent from a week earlier, the e

Spot rates for shipping containers from Asia to northern Europe in the week ending Friday was down 5.9 per cent to US$723 per TEU, off 27 per cent since the start of the year, according to the Shanghai Containerised Freight Index (SCFI). As

47 students received the Maritime and Port Authority of Singapores (MPA) Global Internship Award (GIA) on 17 May 2019. This is the sixth year of the MPA GIA which sees students from multi-disciplines, ranging from IT and computer science to

1.Dalian Shipbuilding Industry (DSIC), the flagship yard of China Shipbuilding Industry Corporation (CSIC), has started a research and development program for the construction of large-scale LNG carriers. 2.Chinese state-run shipping conglo

The Port of Hong Kong clocked up its 16th consecutive month of declining box volumes in April. The Kwai Tsing terminals accounted for 1.215m teu, recording a 5.2% drop in box throughput, as midstream volumes increased by 6.5% to 340,000 teu

Taiwans clean energy plan, low reliance on coal, uncertainty on the future of nuclear energy and rising electricity demand collectively signal higher LNG demand in the country. In Asia, even as China leads the charge towards becoming the la

APM Terminals Inland Services will be integrated into Maersk Logistics Services from 1 August 2019, providing customers with seamless access to a wider range of logistics services offerings. This is a next step for A.P. Moller Maersk in the

Recently, Alfa Laval inaugurated the Alfa Laval PureSOx Training Center in Shanghai, China. Focused on the training of commissioning engineers, the new facility will be instrumental in ramping up the skilled workforce prior to the global su

Mr Niam Chiang Meng, Chairman of the Maritime and Port Authority of Singapore (MPA), opened a new 24/7 Maritime Cybersecurity Operations Centre (MSOC) today. The MSOC will be operated by ST Engineering in its Hub. MSOC will conduct 24/7 mon