Capesizes In the Pacific, the week began with promising involvements from all three majors, yet this enthusiasm did not translate into substantial market gains, yielding a relatively stagnant atmosphere. As the week unfolded, Pacific tradin

[Photo: CSSC] The three major indicators of Chinas shipbuilding industry all ranked first in the global market from January to July, according to the China Association of the National Shipbuilding Industry. China has maintained the leading

South Korea is adopting new measures on ballast water discharge following concerns arising from the discharge of treated wastewater from the Fukushima nuclear powerplant. Spark International has advised that from August 24, 2023, the follow

The Panama Canal Authority (ACP) says it will extend water restrictions for at least another 10 months in an effort to conserve water if rainfall patterns do not vary significantly from projections. Water levels in Gatun Lake, which feeds t

[Photo:Xinhua/Yang Shiyao] SHIJIAZHUANG, Aug. 25 (Xinhua) -- The Beijing-Tianjin-Hebei region saw its foreign trade increase by 2.9 percent year on year to about 2.86 trillion yuan (about 397.9 billion U.S. dollars) in the first seven month

California Dreamin The state of California is a unique case in the US energy market, particularly when it comes to crude oil. Thanks to local environmental laws, around 75% of the states oil demand has to be met with overseas barrels due to

On August 22, the cooperation ceremony of three 82,000dwt bulk carriers between Bohai OceanShipping, a subsidiary of HebeiTransportation Investment Group, Haixing Shipping Company, Everbright Financial Leasingand Hengli Heavy Industrywas he

Steel products prices in China saw an overall decrease in mid-August (August 11-20), showed the latest data from the National Bureau of Statistics (NBS). The average price of construction steel rebar (HRB 400, 20mm) at 25 major cities in Ch

Taiwanese ocean carrier Evergreen has lost the sixth spot in the global liner rankings by Singapore-headquartered Ocean Network Express (ONE), according to the latest data (23 August) by Alphaliner. This is not expected to be a permanent ch

Forecasts from the National Supply Company (Conab) reflect that more than a third of the grain expected to be produced in Brazil this year may not be stored properly. Club correspondent Brazil PI report that this storage deficit leaves the

[Photo/www.sinopecnews.com.cn] China has completed construction of its largest domestic liquefied natural gas storage tanks, which industry analysts said would enhance the nations natural gas storage capacity and ensure energy security. Chi

[Photo: Xinhua/Fang Zhe] SHANGHAI, Aug. 23 (Xinhua) -- Shanghai saw a surge in the number of cargo ships and aircraft traveling between it and other BRICS countries in the first seven months of this year, as foreign trade between China and

SINGAPORE/LONDON, Aug 21 (Reuters) - Chinas liquefied natural (LNG) gas importers are starting up or expanding trading desks in London and Singapore to better manage their growing and diversified supply portfolios in an increasingly volatil

The International Chamber of Shipping has expressed condolences on the passing of Maria Susan Toots Ople, Secretary of Migrant Workers for the Department of Migrant Workers, Philippines, who passed away aged 61. Guy Platten, Secretary Gener

Inchcape Shipping Services (ISS), a global leader in port agency and marine services, announced the appointment of Harun Duzgoren as the Regional Chief Executive Officer for the Americas, effective September 1, 2023. Photo Caption: Harun Du