Dry bulk shipowner Pacific Basin has closed a $40m seven-year term loan facility with Danish Ship Finance. The facility is an extension of Pacific Basins existing term loan with Danish Ship Finance and is secured by the same 19 vessels curr

The oil complex moved sharply lower Tuesday as a second day of sliding equities increased concerns that global macroeconomic woes could pressure oil demand. ICE January Brent settled $4.26 lower at $62.53/b and NYMEX January WTI settled $3.

The International Maritime Organization (IMO)-led GloMEEP project has delivered a training course in China last week to help maritime administrations and classification societies play their part in an ambitious scheme to collect fuel consum

Chinas Cosco Shipping Ports and PSA Corporation signed a memorandum of understanding (MoU) for the addition of two new berths at the Cosco-PSA Terminal in Singapore. With the launch of the two new berths, CPT will be equipped with five mega

1.China has put a new container ship with a capacity of 1,140 standard containers into service on the countrys longest river, the Yangtze, as part of an upgrade of vessels on the waterway. 2.Cosco Shipping Specialized Carriers announced tha

New Dayang Shipbuilding, restructured from the bankrupt Yangzhou Dayang Shipbuiling, has been newly established and is now officially in operation. Yangzhou Dayang Shipbuilding was declared bankrupt and ceased all operations in 2017. Troubl

The clause is being drafted by a small team led by Inga Froysa of Klaveness, Oslo. Other companies involved include Navig8, the UK PI Club and HFW, and the project is due to be completed in May 2019. Planning and protecting is key The BIMCO

MAN Energy Solutions has won the order to supply the engine for a new dredger in southern China. The MAN 9L48/60CR unit will power the newbuilding vessel currently under construction at Dongguan Xiandai Shipbuilding Co. for sister company,

Singapore-based Raffles Shipping International has booked up to six 19,700-dwt tankers at Chinas Wuchang Shipbuilding Industry Group. The order is for two firm tankers and options for four sister ships. Financial details of the deal and del

Hong Kong-listed Courage Investment Group is spending $10.88m to buy a secondhand supramax bulk carrier in a move to expand the scale of its shipowning business. Courage Investment is the reformed group emerging from the restructured dry bu

1.China National Offshore Oil Co, or CNOOC, offloaded a liquefied natural gas (LNG) cargo on Nov. 11 shipped from Yamal, first of its kind the Chinese firm received from the Russian Arctic gas project, CNOOC said on its website on Tuesday.

Cosco Shipping Specialized Carriers announced that the company has ordered five firm plus four options for 62,000d wt multipurpose pulp carriers at Cosco Shipping Heavy Industry (Dalian). The newbuildings are priced at RMB232.6m per vessel.

Global oil markets are adjusting to relatively strong demand for diesel and jet fuel compared to gasoline, coupled with the introduction of new bunker fuel regulations at the start of 2020. Rising diesel and jet fuel prices, at least relati

The China Marine Economy Expo is a large marine economic and trade event co-hosted by the Ministry of Natural Resources and the Guangdong provincial government. It is an important platform to showcase marine economy development and the inno

The Singapore Chamber of Maritime Arbitration (SCMA) is delighted to announce that it has entered into a Cooperation Agreement with the China Maritime Arbitration Commission (CMAC) to promote maritime arbitration as a means for the effectiv