China Tianjin Shipping Index (TSI), an indicator of northern Chinas ocean freight rates for both international and domestic shipping markets, stood at 513.7 points on Wednesday, down 0.48 percent compared with the previous working day. The

Ministry of Transport just released the April stats which show the economy is pretty resilient in April and getting firmer and better. The whole nations ports handled 1,192.73 million tons of cargoes, a 4.1 per cent growth compared with Apr

On May 19, 2020, HMM OSLO, the worlds largest container ship, successfully docked at berth 3 of Ningbo Daxie Merchants International Terminal, marking that the container operation capacity of Daxie terminal has officially entered the age of

From 0:00 on April 1 to 24:00 on May 18, Chinas ports have achieved 20,567 Chinese crew shifts, of which 10,547 were on board and 10,020 disembarked. With the strong support of various local governments and the coordinated cooperation of re

1.Chinese shipbuilder Cosco Shipping Heavy Industry has signed LNG cooperation agreements with compatriot Hudong-Zhonghua Shipbuilding and Frances GTT. 2.Yang Ming Marine Transport Corporations ten 2,800 TEU class container vessels are goin

ChartWorld are cooperating with JRC on the addition of ChartWorlds ground-breaking Information Overlay service, known as CIO+ onto JRC ECDIS. CIO+ is a data overlay shown in ECDIS as a user chart, loaded on top of Electronic Navigational Ch

Florida-based Maritime Payment Solutions which operates ShipMoney as a provider of payment solutions for maritime companies, has announced the introduction of ShipMoney Virtual Cards and the Transfer Marketplace, two new services designed t

Chinese shipbuilder Cosco Shipping Heavy Industry has signed LNG cooperation agreements with compatriot Hudong-Zhonghua Shipbuilding and Frances GTT. Under the deal with Hudong-Zhonghua signed on Tuesday, the two shipbuilders aim to join fo

Yang Ming Marine Transport Corporations (Yang Ming) ten 2,800 TEU class container vessels, currently being constructed by CSBC CORPORATION, TAIWAN (CSBC), are going to receive Smart Ship notations from international classification societies

The Organization of the Petroleum Exporting Countries (OPEC)s daily basket price increased to 28.21 U.S. dollars a barrel on Monday, compared with 26.54 dollars on Friday, according to OPEC Secretariat calculations released on Tuesday. Also

Chinese iron ore futures rose for a fifth straight session on Tuesday, supported by a bullish outlook for domestic demand stemming from hopes of more stimulus, while global supply-related issues also aided sentiment. Iron ore on the Dalian

Saudi Aramco in April shipped crude cargoes three times from its leased storage in Okinawa, Japan, to Chinas Zhoushan using the same VLCC, signaling Chinas outperfomance in demand recovery from COVID-19 over regional peers and its capacity

On the afternoon of May 14, COSCO SHIPPING concluded a strategic cooperation framework agreement with Shanghai Futures Exchange in Shanghai. The two sides pledged to carry out practical cooperation in various fields based on the principles

On 18 May 2020,global coatings manufacturer Hempel began construction of a new factory in Yantai Chemical Industrial Park, China. The new factory will help meet increasing demand for more sustainable and innovative coating solutions in the

Despite recent low bunker prices a significant proportion of marine fuel buyers still do not have any risk management strategies in place to mitigate anticipated price rises. Two thirds of LQM Petroleum Services clients polled in a webinar