On May 15, Guangzhou Port invested 30,4905,600 yuan in cash to acquire 60% equity of Huadu Port. The annual handling capacity of Huadu Port is 100,000 TEU and 850,000 DWT of bulk cargoes, with a 520-meter port line covering 50,000 square me

Shipping industry calls for International Day of the Seafarer 2021 to be marked by thousands of ships sounding their horns at 12 noon local. 200,000 seafarers are currently impacted by the crew change crisis, and if left unvaccinated

Asian Shipowners Association (ASA) held its 30th Annual General Meeting virtually on 18th May 2021. The focus of the meeting was clearly on the continuing difficulties of Crew Changes of our seafarers, under the COVID-19 pandemic. Mr Tadaak

German shipowner Reederei H Vogemann placed an order for 4+2 bulk carriers from Chinese shipbuilder Yangfan Group, and took effect an alternative order for 2 bulk carriers from Yangzijiang Shipbuilding Group. The six bulk carriers to be bui

Shipping companies listed in Hong Kong and the Chinese mainland closed higher on Monday, as the industry is expected to remain promising during the second quarter due to rising global shipping rates and the countrys soaring exports. COSCO S

The Baltic exchanges main sea freight index fell for a fourth consecutive session on Monday, dragged lower by a dip in rates for capesize and panamax vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supram

In 2020, 135 crew were kidnapped from their ships globally, with the Gulf of Guinea accounting for over 95% of the crew numbers kidnapped. This has happened in international waters in an area less than 20% of the size of the sea area domina

Background On April 29, 2020,Law of the Peoples Republic of China on Prevention and Control of Environmental Pollution by Solid Waste(hereinafter referred to as the Law) was revised by the Standing Committee of the National Peoples Congress

1. Three major shipbuilding indexes From January to April 2021, Chinas completed shipbuilding capacity reached 12.81 million dwt, up 16.6% year on year, of which sea-going ships reached 3.31 million GT. New orders for ships totaled 27.87 mi

On May 15, Ningbo Marine Company Limited issued an announcement regarding the exercise of the option to order a 49,800 dwt bulk carrier. On December 30, 2020, Ningbo Marine Company Limited and China Merchants Jinling Shipyard (Nanjing) sign

Huangpu Wenchong and China Shipbuilding Trading signed another contract for the construction of two 1500TEU container ships with COSMOSHIP in Greece. The vessel has a total length of 171.98m, a width of 24.29m, a depth of 13.6m, and a deadw

Some Indian ports are feared to face shutdowns during the countrys devastating wave of COVID-19 cases, including major ports handling shipments from China. Chinese logistics companies worry that the suspended operations might cause further

The second round of price increases on the European and American lines, and the composite index rose sharply Ningbo Containerized Freight Index: In the week ending May-14, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping

Cyber Threat Friday 7th saw the unexpected closure of the 8,851km Colonial Pipeline linking US Gulf Coast (USG) PADD3 refineries with PADD 1 facilities along the Atlantic coast following a cyber-attack. With an average capacity of 2.5mbpd i

Danfoss Editron and the Ship and Ocean Industries RD Center (SOIC) have partnered to launch the Green Energy Application Development Center (GEADC) in Taiwan. The new center will enable both companies to enhance their expertise in developin