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

Hong Kong Chief Executive, Carrie Lam opened proceedings at the 8th Asian Logistics and Maritime Conference, to a capacity audience at the Hong Kong Convention Centre yesterday (20 November). Delegates from more than 30 countries joined loc

1.The 8th edition of the ALMC which spotlights Asian Connectivity in the new global and regional economic order, as well as the New Retail revolution start today in HK. 2.The technology company The Linde Group has been awarded a contract fr

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. The ship was commissioned to go on route between the

Chinese President Xi Jinping and Bruneis Sultan Haji Hassanal Bolkiah reaffirmed their political resolve to enhance the bilateral ties through cooperation and collaboration across various areas including oil and gas, the two sides said in a

Demand drivers and freight rates Some 13.7 million TEU were shipped globally in September, bringing the full year total up to 125.2 million TEU. While that is an improvement of 4% for both the month (year on year) and year to date, the grow

Spot rates for shipping containers from Asia to northern Europe in the week ending Friday dropped 2.4 per cent to US$753 per TEU, according to the Shanghai Containerised Freight Index (SCFI). Asia-Mediterranean trade was also down 1.3 per c

1.Japanese trading house Mitsui Co has returned to Yangzijiang Shipbuilding for more bulker newbuildings. 2.Singapores Sea Consortium is expanding its fleet with contracts for two Chinese newbuildings.Brokers said the company has ordered a

Hong Kongs Orient Overseas Container Line (OOCL) has introduced its new South Africa products, namely the South Africa Service 1 (SAF1), South Africa Service 2 (SAF2) and South Africa Service 3 (SAF3) effective from December 6, November 30,