Miami-based SunStone Ships has signed a contract with China Merchants Heavy Industry (Shenzhen) Company Limited (CMHI) for the construction of vessel number six in the INFINITY series, all designed by Ulstein. Niels-Erik Lund, CEO and presi

The chief executive of Hong Kong-based Peak Re, Franz Josef Hahn, has become a member of The Geneva Association, an international think tank for strategically important insurance and risk management issues. Founded in 1973, the Association

Agnes Wong Tin-yu, Hong Kongs current Director-General of Communications is to take up the role of Director of Marine with effect from 14 May. The current incumbent, Maisie Cheng Mei-sze will move to the post of permanent secretary for the

Zhanjiang, a coastal city in the southwest of Guangdong province, will rely on its advantages in location, resources and industries to integrate with the development of the Guangdong-Hong Kong-Macao Greater Bay Area, according to senior off

Russian giant Gazprom discussed the development prospects of the Chinese gas market with CNPC. Gazproms head Alexey Miller and CNPC chairman Wang Yilin discussed strategic aspects of cooperation between the two companies, paying particular

1.Chinese shipbuilder DSIC will convert an existing VLCC on order with Cosco Shipping into a vessel equipped with a propelling system that can burn both fuel oil and LNG. It is also mulling a foray into LNG carrier newbuilding markets at th

1.Seacon Ships Management has bolstered its operated fleet with two ultramax bulker newbuildings, two secondhand supramax and two kamsarmaxes. 2.Despite a rise in volumes and revenue, the net profit of Hong Kong-based port operator COSCO Sh

A draw down in Iranian exports is far from certain, although the market is being tested to show what the reduction to zero would be. A good place to start is by analysing the exports from Iran and their destinations in 2017, and then lookin

Global aluminium production flatlined in the first quarter of this year, according to the International Aluminium Institute (IAI). A couple of long-running outages together with curtailments in Europe caused production outside China to dip

1.Cosco Shipping Holdings posted stronger results for the first quarter, riding on higher freight rates and acquisition of OOIL.The company realized a net profit attributable to equity holders of the company of RMB687 million, surged 280% f

On April 18, 2019, Secretary of Jiangsu Provincial Party Committee Mr. Lou Qinjian and Governor of Jiangsu Province Mr. Wu Zhenglong met with a delegation headed by Party Secretary and Chairman of COSCO SHIPPING Capt. Xu Lirong. Other parti

Crude oil futures opened higher Thursday on the Shanghai International Energy Exchange. The most active crude oil contract for June delivery was up 1 yuan (about 15 U.S. cents) to open at 498.8 yuan a barrel. China launched the crude oil fu

With 1,000 Smart Cable Guard systems implemented in its power grid, Dutch Distribution System Operator Alliander has confirmed its commitment to safeguarding the reliability of the power grid in the Netherlands. Smart Cable Guard is DNV GLs

CSCL Mercury, a Chinese container ship with a capacity of 14,000 TEU (twenty-foot equivalent unit), on Saturday became the first visitor to the CSP Abu Dhabi Terminal of Khalifa Port in the United Arab Emirates (UAE). The CSP Abu Dhabi Term

DHL Global Forwarding, an international provider of air, sea and road freight services, recently announced a road freight service along the Hong Kong-Zhuhai-Macau Bridge that connects the West Pearl River Delta manufacturing zones in mainla