1.The Chinese cruise industry is working on initiatives to stabilize its business environment including negotiating pricing agreements,said Qiang Wu,co-chairman of the China Cruise and Yacht Industry Association and former president of Chin

Hong Kong-headquartered intra-Asia specialist, SITC has made another foray into the newbuildings market with an order for three 2,700 teu boxships from Yangzijiang Shipbuilding. The total cost is US$87.9m. Deliveries of the new orders are s

Spot rates for shipping containers from Asia to northern Europe in the week ending Friday decreased 1.2 per cent to US$752 TEU, according to the Shanghai Containerised Freight Index (SCFI). Asia-Mediterranean trade rates also fell 1.2 per c

A number of companies that have pledged massive investments in Zhanjiang, such as German chemical giant BASF, which plans to invest $10 billion in a fine chemical project, are participating in the upcoming China Marine Economy Expo (CMEE) i

Tanker owners have experienced similar problems to the container liners with this years jump in bunker costs. The owners have struggled for much of 2018 as rising bunker fuel prices squeeze daily earnings, with shipowners often barely cover

Chinas Sinopec and China National Petroleum Corporation (CNPC) are speeding up drilling and exploration from major tight and shale oil and gas formations in the countrys western regions to boost domestic output, according to company reports

1.CMA CGM announced that as from October 1st, 2018,the 0.50% sulphur limit will be applicable to the ports of Shanghai and Ningbo in the Peoples Republic of China. For this reason the company will implement low sulphur surcharge to these ar

Nowadays, many reputed shipping companies do not provide electrical officers on board ships. Companies now rely on marine engineers to tackle electrical jobs and problems related to them. Few important reasons for this trend is the ongoing

The Chinese cruise industry is working on initiatives to stabilize its business environment including negotiating pricing agreements, said Qiang Wu, co-chairman of the China Cruise and Yacht Industry Association (CCYIA) and former president

Capesize A largely disappointing week for those still hoping for a firmer end to the year, but at least by the close of the week rates appeared to have steadied. The rate for West Australia/Qingdao dropped to the mid $8.00s fresh enquiry to

In hosting its 13th edition of World Ocean Week, the port city of Xiamen in East Chinas Fujian province has put its stamp on becoming an international platform for the marine economy especially in terms of the Belt and Road Initiative, acco

Total vessel operating costs in the shipping industry are expected to increase by 2.7 per cent this year and by 3.1 per cent in 2019, according to shipping consultant Moore Stephens latest annual Future Operating Costs Survey. The poll reve

1.In a speech given in an international maritime forum earlier in October,Chief Executive Carrie Lam Cheng Yuet-ngor expressed her concern for the maritime industry facing considerable challenges,and she promised she would provide support t

The 13th China Cruise Shipping Conference and International Expo was the center of attention on Thursday in Shenzhen with a full conference program for an estimated 800 attendees, as well as an adjacent trade show exhibition area. The Chine

1.MacGregor and China State Shipbuilding Corporation (CSSC) have signed a Letter of Intent (LOI) on strategic cooperation on October 29,2018 at an executive level meeting in Beijing. 2.Zhejiang Province plays major role in Chinas import tra