Supertanker freight rates are on the rise for a second time this month as producers, refiners and traders scramble to secure ships to transport crude or store a fast-growing global glut of oil, industry sources said. Freight rates for very

Besides serving epidemic-hit nation, local MA facilitate building of high-end vessels fit for multi-sector shipping industry across the world Global cruise lines may be in choppy waters right now due to the COVID-19 pandemic, but mergers an

Theyr Ltd, a premium met-ocean data provider for the marine sector, has signed up to the national SPRINT business support programme. Theyr will collaborate with SPRINT partner, the University of Southampton on the development of an industry

Recently, Xinde Marine News made an interview with Alexander Buchmann, Managing Director of Hanseaticsoft about their following plans in Asia as well as in China. 1.Brief introduction of companys plans for growth in Asia, why the region is

On March 25, Zhuhai Port Shipping successfully completed the acquisition of 60% equity of Guangzhou Yue Gang Ao International Shipping. Guangzhou Yue Gang Ao International Shipping was established in 2018. It is engaged in container transpo

1.On March 25, 2020, COSCO SHIPPING (North America) Inc. donated 1,000 N95 masks to the Town of Secaucus, where the North America Headquarters is located. 2.OOCL says that its China New Zealand Service (CNS) will offer the fastest transit t

China Merchants Energy Shipping announced on March 27 that Hong Kong Ming Wah Shipping, a wholly-owned subsidiary of the company, plans to sign a contract with China Merchants Jinling Shipyard (Nanjing) to order four 62,000 tons multipurpos

Xi Jinping, general secretary of the Communist Party of China Central Committee, Sunday inspected the resumption of work and production in east Chinas Zhejiang Province. Xi visited the Chuanshan port area of the Ningbo-Zhoushan Port, one of

Britain has suspended checks on ships for compliance with low sulphur fuel regulations as part of wider measures that cut back on inspections to reduce the impact of the coronavirus outbreak on supply chains, the coastguard authority said o

On March 25, 2020, COSCO SHIPPING (North America) Inc. donated 1,000 N95 masks to the Town of Secaucus, where the North America Headquarters is located, to support the Towns urgent need for personal protective equipment for the Towns first

Maersk Product Tankers reported improved financial results in 2019, with an increase in revenue to USD 727.7 million (USD 647 million) and a profit before tax of USD 91.4 million (a loss of USD 35 million). Freight markets improved across a

To maintain proper supply lines at seaports and facilitate unhindered cargo movement, the government on Sunday asked all shipping companies not to collect any detention charges on export-import (EXIM) cargo in the wake of the situation aris

Hong Kongs Orient Overseas Container Line (OOCL) says that its China New Zealand Service (CNS) will offer the fastest transit times for southbound shipments from northeast Asia to Wellington, New Zealand. The carrier said a new direct port

Iron ore prices should be well supported in the second quarter, despite the slow recovery in downstream steel demand, as Chinese mills are expected to lift steel output, according to the latest SP Global Platts outlook survey. Some 38% of s

Owners decision Once a vessel owner has decided to lay up a vessel, several important decisions must be made. The most important decision is the duration of the lay-up, which will be critical for the type of lay-up selected. If the owner ex