Political instability and low credit ratings in emerging economies are putting some shipowners off ordering new floating storage and regasification units (FSRUs), as they shift focus to more mature gas markets. Liquefied natural gas (LNG) d

1.In response to the fluctuating bunker prices and to reasonably compensate for our soaring bunker costs, COSCO SHIPPING Lines is going to introduce a Bunker Adjustment Surcharge from January 1st, 2019 aiming at truly reflecting the variati

2018 has been a slow year for dry bulk demolitions, with only 4.2 million DWT scrapped (as of 17 December), down 71.6% compared to last year. An almost total halt in Panamax demolitions has been an important factor behind this fall, with de

As part of a joint project with Masterbulk Pte. Ltd. (Masterbulk), Eco Marine Power (EMP) is pleased to announce that an UltraBattery (UB) battery pack manufactured by the Furukawa Battery Company (Furukawa Battery) has been installed on th

1.China on Thursday launched a 24-hour intelligent customs clearance system at the Huangpu Customs District in south Chinas Guangdong Province, the first of its kind to be put into operation at the countrys ports. 2.BEIJING, Dec. 19 (Xinhua

The worlds second largest iron ore miner, Rio Tinto and China Baowu Steel Group Corp will negotiate a possible extension of their joint venture in Western Australias resource-rich Pilbara region. The companies signed an agreement on Decembe

Prompted by regulatory changes and a desire to invest in Hong Kongs success, Lloyds continues to grow its presence Marine insurance is of course the oldest form of insurance with origins in the Greek and Roman civilisations. In the 17th cen

There are almost 26,000 active UK seafarers at sea, according to new Government statistics. The annual Seafarer Statistics from the Department for Transport, which were released last week, showed just under half of the total active at sea w

1.Kumiai Navigation has commissioned Nantong Cosco KHI Ship Engineering (Nacks) to construct a 208,000-dwt bulker for delivery in June 2020.It has also contracted Nacks sister shipyard, Dalian Cosco KHI Ship Engineering, to build a 61,000-d

State-owned China National Offshore Oil Corporation (CNOOC) said on December 18 it has signed strategic agreements with nine foreign companies to conduct exploration at two oil and gas blocks in southern China. Exploration will take place i

Where do we go to find economic growth that spurs shipping demand in the next five years? According to the International Monetary Fund (IMF), we should look towards emerging and developing countries. The IMF also points out that advanced ec

AN intra-Asia consortium headed by Wan Hai Lines has expanded the port rotation of the China-India Service II (CI2) by adding a direct call at the major public port of Tuticorin that is situated on Indias east coast near Chennai. The China-

JAPANs container line Ocean Network Express (ONE) will be applying a low sulphur fuel surcharge for Taiwan and the China emission control areas (ECAs) next year. Chinas three main port areas and Taiwan are implementing a 0.5 per cent sulphu

1.Swedens oldest passenger shipping company Rederi AB Gotland Group named its new roll-on/roll-off passenger vessel M/S Visborg on Saturday, December 9, in Guangzhou City, capital of south Chinas Guangdong Province. 2.The Japanese liner com

1.COSCO Shipping will add a call to Port Tampa Bay on its Gulf of Mexico Express (GME) transpacific service, with the first vessel, the 4,250-TEU Cosco Piraeus, scheduled to arrive in Tampa on January 28. 2.China will soon deliver a world-c