BIMCO welcomes the appointment of a Danish Special Representative for Maritime Security in the Gulf of Guinea, Ambassador Jens-Otto Horslund. While it is understandable that Nigeria does not want foreign navies in their territorial waters,

China has for the first time begun utilizing Beidou technology to realized automation of the container port, boosting efficiency rates by 20 percent while slashing costs by 10 percent. According to media reports, the first deployment Beidou

Trading volumes in Asia for fuel oil, a key shipping fuel, nearly halved in 2020 to the lowest levels in at least five years as stricter emission rules for marine fuel altered trade patterns and as the COVID-19 pandemic hurt demand. The dro

The Chinese government has rejected pleas from its own steel industry to lift bans on Australian coal cargoes, keeping dozens of ships holding 8 million tonnes of the commodity stranded at sea. More than 70 vessels carrying Australian coal

Benchmark Dalian and Singapore iron ore futures hit four-week highs on Monday as Chinas forecast-beating quarterly GDP growth helped shift investor focus back to demand prospects for the raw material in the worlds top steel producer. Chinas

On January 16, 2021, Shanghai Dingheng Group, Wuhu Shipyard, and Jiangsu Financial Leasing, signed a contract for the construction of 6 stainless steel smart chemical tankers. The signing marks the acceleration of Dinghengs 100 Ships Plan,

The Government of the Hong Kong Special Administrative Region (HKSAR) announced a number of high-level personnel turnover, including the appointment of Ms. Wang Tianyu, the current director of Marine Department, as the permanent secretary f

We sat down with leading Norwegian headquartered shipowners to quiz them on the top day-to-day operational challenges facing them in 2021, and the solution they desire. Could greater data integration and utilisation help them successfully n

The reliability of davits used to launch rapid-response craft from a naval vessel can mean the difference between success and failure of a military or humanitarian mission. The clock is ticking. Timing is critical. As is the covert Nato mis

To support the expansion of the companys business in Japan, Sakura Kuma will join APM Terminals Japan as Managing Director effective 1 February 2021. I am pleased to welcome Sakura Kuma to APM Terminals Japan, where she will play a key role

Chinas 2020 new shipbuilding orders exceeded those of South Korea and returned the country to the No.1 spot after two years, CCTV reported on Sunday. According to data released by the Ministry of Industry and Information Technology (MIIT) o

Hong Kongs ship management community was surprised by news that Wallem chief executive, Frank Coles had resigned yesterday (15 January), after just two and a half years at the helm of the worlds oldest shipmanager. I am proud of the changes

For the fourth quarter ended 31st December 2020, total volumes were 23.7% up from the same period last year. Total revenues increased by 51.2% to US Dollars 2,423.0 million. Loadable capacity increased by 17.5%. The overall load factor was

Chinas natural gas companies have backed off from purchasing high-priced spot LNG for February deliveries as they are unable to sell downstream at high prices, and after the government cracked down on domestic price surges in recent weeks.

Freight rate increase temporarily stopped, the composite index slightly corrected Ningbo Containerized Freight Index: In the week ending Jan-15, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 2461