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

A CPC delegation led by Mr. Li Qiang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and Secretary of the CPC Shanghai Municipal Committee, paid a visit to Panama from July 17 to 19. In the company o

Iron ore prices fell heavily on August 1, suffering the largest decline in a month. According to Metal Bulletin, the spot price for benchmark 62% fines slumped 2.4% to $66.55/t, reversing sharply after rising to the highest level in over a

Ratings agency A.M.Best has applauded a recent agreement that gives qualified reinsurers in Hong Kong preferential regulatory treatment over offshore reinsurers is expected to boost Hong Kongs standing as a risk management hub in Asia provi

Attempts to assess Chinas macro-economic outlook have been complicated by the ongoing trade dispute with the USA. Greater negative risks are implied by trade tension. So far, consequences for China have been limited and the economy has perf

1.The current fishing ban in China, issued by the Ministry of Agriculture and Rural Affairs, will be lifted in South China Sea from 16 August 2018. Following this, the waters of East China Sea, Yellow Sea and Bohai Sea will see the b

The BIMCO President, Mr Anastasios Papagiannopoulos and ECSA President, Mr Panos Laskarides met in Athens recently to discuss areas of cooperation and further alignment between the two leading associations representing shipowners globally a

Hong Kong Maritime firms feature prominently among the finalists for this years upcoming Lloyds List Asia Pacific Awards. The following details Hong Kong-based finalists (including international law firms) for each category: Company of the