Global new orders of ships fell to a historic low in the first half of the year amid the coronavirus pandemic, industry sources said Tuesday. In the January-June period, global new shipbuilding orders totaled 5.75 million compensated gross

Taiwans Yang Ming has said its carbon emissions per TEU/kilometre have dropped by 51 per cent since 2008 and that it has reached IMO sustainability 11 years ahead of schedule. To achieve this, Yang Ming said it has formulated several long-t

Chinas bulk commodity market saw slower growth in June amid shrinking sales, industrial data showed. The China Bulk Merchandise Index (CBMI), a gauge of domestic bulk commodity market growth, stood above the boom-or-bust line of 100 percent

A total of 93 vessels carrying 15.79 million mt of iron ore arrived at eight major Chinese ports during June 28-July 4, SMM estimates. This was down 400,000 mt from the prior week but up 1.95 million mt from the previous year. The amount of

China Tianjin Shipping Index (TSI), an indicator of northern Chinas ocean freight rates for both international and domestic shipping markets, stood at 621.53 points Tuesday, up 0.92 percent compared with the previous working day. The statis

Soyoil prices in Argentina, the worlds largest exporter, spiked on Tuesday on news that the European Union bought three SME (soyoil methyl ester) biodiesel cargoes during the past 24 hours, propelling prices of the feedstock to their highes

On July 6, Guangzhou Shipyard International and DNV GL held the signing ceremony of inspection contracts for three 119,900 dwt dual-fuel oil tankers. Knut rbeck-Nilssen, CEO of DNV GL, witnessed the signing ceremony with real-time video con

Sinomach announced that Wu Yongjie was appointed director, general manager and deputy secretary of the party committee of Sinomach and removed from his position as director and deputy secretary of the party group of CSSC. Wu Yongjie was bor

1.The Transport and Housing Bureau announced today as at 21 June, some 2,700 crew members had undergone rotation since 8 June. 2.The Baltic Exchanges main sea freight index rose on Monday helped by stronger rates for panamax and supramax ve

The Baltic Exchanges main sea freight index rose on Monday helped by stronger rates for panamax and supramax vessels which more than offset a decline in capesize demand. The Baltic dry index, which tracks rates for ships ferrying dry bulk c

Maersk announces that it has reached an agreement with Bridgepoint Development Capital to acquire KGH Customs Services (KGH), a Sweden-based specialist in trade and customs management services in Europe. This will further enhance Maersks ca

The Transport and Housing Bureau announced today as at 21 June, some 2,700 crew members had undergone rotation since 8 June, under the exemption that allows for seafarers to transit the territory without undergoing a 14-day quarantine. Acco

Coal exports from Australias Gladstone port to China increased by 26.38% from a year ago to 1.78 million tonnes in June, according to data from Gladstone Ports Corporation. The exports were also a 2.04% increase from a month ago, data showe

Chinas steel production remained at record high levels in late June, on track for a new record high of monthly output. The China Iron and Steel Association (CISA) reported Saturday that crude steel output across major mills in China average

Chinas new seven-megawatt offshore wind turbine has rolled off the production line, according to its developer. The semi-direct-drive wind turbine was developed by the CRRC Zhuzhou Electric Co. Ltd. in Zhuzhou, central Chinas Hunan Province