China Coast Guard officers have detained 3,587 people on suspicion of smuggling refined oil and cracked more than 800 such cases since last year, according to the Coast Guard on Tuesday. Meanwhile, they have broken up 18 major smuggling ope

Orient Overseas Container Line (OOCL) will continue to operate independently upon closing of the US$6.3bn acquisition by COSCO Shipping, which will make the Chinese carrier the worlds third largest shipping line. An online QA posted on COSC

The global cruise ship orderbook has reached another new record, following July ship orders from Seabourn, Princess, TUI and Lindblad. The newbuild contracts pushed the forward-looking orderbook to 113 ships set to be introduced between now

1.Chinese cargo ship Tian En,which is the first ice-class cargo ship developed by COSCO set sail from east China's Lianyungang City in Jiangsu Province to a European port on Saturday by the northeast passage of the Arctic shipping ro

Oil markets started cautiously on Tuesday, as many traders in Asia were reluctant to take on new positions ahead of the introduction of US sanctions against major crude exporter Iran. Spot Brent crude oil futures LCOc1 were at 73.74 US doll

The image from Internet for reference only. The first ice-class cargo ship developed by China COSCO Shipping Corporation Limited has a unique way of ensuring voyage safety, with all movable items on board fastened to make sure that they wil

The Hong Kong Maritime and Port Board is issuing invitations to join this years Hong Kong Maritime Week Orienteering Race 2018. Last years race kicked off Hong Kong Maritime Week 2017 by attracting more than 700 participants in the largest

The container shipping world has been cheered by rising spot rates on Shanghai Containerised Freight Index (SCFI) and is now looking forward to a profitable peak season, reports Londons Loadstar. The index, which collates rates quoted, show

Norwegian contractor Prosafe and COSCO Shipping (Qidong) Offshore Co have come to an agreement on three newbuild offshore accomodation units being built in China. Prosafe has reached agreements with COSCO and its lenders which will transfor

The top three containerlines in Taiwan - Evergreen, Yang Ming and Wan Hai - are close to contracting for up to 50 feeder vessels, according to Alphaliner and Braemar ACM. The worlds seventh largest boxline, Evergreen, is tendering for two s

Chinese cargo ship Tian En set sail from east Chinas Lianyungang City in Jiangsu Province to a European port on Saturday by the northeast passage of the Arctic shipping routes. Tian En, which carries export products of wind power equipment,

Orient Overseas (International) Ltd, the parent company of Orient Overseas Container Line, has unveiled a loss as following its new status as a part of Cosco Shipping. For the first six months of 2018, OOIL and its subsidiaries recorded a l

1.Since bottoming out in late March this year, the container spot rate index out of China has soared and has now reached its highest level since the summer 2017. 2.The new board of directors of OOCL was established, and Lirong,Xu was

1.China Petrochemical Corporation (Sinopec) has received approval by the Shandong province to expand its liquefied natural gas terminal.When the approved expansion is complete the facility located in the port of Qingdao will have the

China is ready to take countermeasures in response to the US threat of an escalating trade war, Chinese Commerce Ministry (MOFCOM) said in a statement on Thursday. The US is making contradictory moves. On the one hand, Washington is declari