To continue to provide customers across the globe with greater access to ABBs high-quality service and parts, ABB Turbocharging has announced the establishment of a branch office of ABB Jiangjin Turbo Systems Co., Ltd. in Zhoushan. Zhoushan

Oil prices dropped again after a sixth-week loss. The price of West Texas Intermediate (WTI) for January delivery and Brent crude for January delivery lost 10.7 percent and 11.9 percent, respectively, during the week ending Nov. 23. In the

The Maritime and Port Authority of Singapore (MPA) is hosting the 44th ASEAN Ports Association (APA) Meeting on 27 and 28 November 2018. The annual meeting was officially opened by the Chairman of MPA, Mr Niam Chiang Meng, at the Conrad Cen

Mining giant Rio Tinto will sell its entire 68.62% stake in Rossing Uranium Ltd in Namibia for $106.5 million to China National Uranium Corporation Ltd, in order to focus on its core assets including iron, copper and aluminum, the company s

The Hong Kong Maritime Week 2018 (HKMW 2018), a major annual event of the maritime and port industries in Hong Kong, unveiled on Saturday (November 18) with the Hong Kong orienteering race. According to a government press release, the third

South Korean Lim Ki-tack has won a unanimous vote from the 40 IMO member states on the ruling council to continue his second four-year term as IMO secretary-general. Lim, who assumed the post of IMO secretary-general starting 2016, will see

Chinas state-owned CNPC has replaced Frances Total in Irans multibillion-dollar South Pars gas project, Iranian Oil Minister said on November 25. The French company, which had a 50.1% stake in the project, said in August it had told Iranian

Kerry Logistics Network Limited took home four awards at the Supply Chain Asia Awards 2018 in Singapore last night (22 November), receiving the titles of Asian 3PL of the Year and Care Positive Work Environment of the Year by judges selecti

1.German container shipping major Hapag-Lloyd announced it has ordered ten hybrid-ready scrubbers to be gradually installed to ten of its 13,000 TEU Hamburg class vessels during 2019 and 2020. In March 2019, the retrofits will start and the

The third edition of Hong Kong Maritime Week organised by the Hong Kong Maritime and Port Board (HKMPB) with co-organisers, the Hong Kong Shipowners Association and the Hong Kong Maritime Museum, as well as the partners Hong Kong Trade Deve

Chinas research icebreaker Xuelong has entered a floating ice area in the Southern Ocean to avoid a cyclone. The ice area is located at 61.55 degrees south latitude and 110.37 east longitude. Xuelong traveled between sheets of floating ice,

As the cost inflation is set to accelerate on higher insurance premiums, average vessel operating costs rose modestly for the second year in succession following two years of marked declines, according to the latest report published by glob

Overview The continued severity of the tanker market conditions has made owners dig deep into the oversupply of capacity. Still BIMCO expects the tanker fleet to keep growing. A short-term rate recovery is not expected, as it is maintenance

1.New Dayang Shipbuilding, restructured from the bankrupt Yangzhou Dayang Shipbuiling, has been newly established and is now officially in operation. 2.The International Maritime Organization (IMO)-led GloMEEP project has delivered a traini

HONG KONG-Listed Orient Overseas (International) Ltd is to launch the sale process of its container terminal in the US west coast port of Long Beach, California in December in a deal that is expected to far exceed the companys US$2.4 billio