The structure of Chinas marine economy has been optimized over the past five years, with the tertiary industrys share growing by almost 9 percentage points in that period to 56.6 percent in 2017, lawmakers heard on Monday. The marine econom

Chinas iron ore futures closed higher on Thursday. The most active contract for May 2019 delivery finished the day session up 0.2 percent to 491.5 yuan per ton. China has opened the domestically-traded iron ore futures to foreign investors

1.The Maritime and Port Authority of Singapore (MPA) has announced further steps it is taking to prepare for IMOs 0.5% cap on sulphur content in marine fuel coming into force on 1 January 2020. 2.On 18 December, 2018, the naming ceremony fo

Digitalization continued to reshape the maritime industry in the year 2018 with a number of developments made in the autonomous and remotely operated ships. Even though there is some time for the first commercial autonomous vessels to be la

Since the beginning of 2018, China National Petroleum Corporation (CNPC) International Pipeline Company supplied the transnational gas pipeline from Central Asia to China with 46.9 billion cubic meters (bcm) of natural gas. It makes a major

1.Taicang port in Suzhou, East Chinas Jiangsu province, has handled more than five million containers this year, according to local media reports on Dec 24.The record high number of containers moved, 13,700 containers each day over the past

Shipments of liquefied natural gas (LNG) into Northeast Asia have risen to a record in December, mainly driven by Chinas continued gasification push, and as the region faces colder-than-usual temperatures this week. LNG imports into China,

On 18 December, 2018, the naming ceremony for the 49th VLCC New Honor of China Merchants Energy Shipping (CMES) was held at NACKS. Mr Cao Hong, Chairman of the Supervisory Board of CMES, attended the ceremony and named the new ship. Mr Chen

The Maritime and Port Authority of Singapore (MPA) has announced further steps it is taking to prepare for IMOs 0.5% cap on sulphur content in marine fuel coming into force on 1 January 2020. Speaking at the Singapore Registry of Ships (SRS

MAERSKs Northern Star service between Tanjung Pelepas, Malaysia and Auckland, New Zealand, that previously called at Port Nelson will no longer do so as announced in July, reports Fairfax media. Container traffic through Nelson will now go

HONG KONGs Orient Overseas Container Line (OOCL) was named Company of the Year at the Lloyds List Global Awards ceremony in London, that paid tribute to the companys operational excellence, digital innovation and maintaining an outstanding

ClassNK releases amendments to class rules Tokyo Leading classification society ClassNK has announced that it released amendments to its Rules and Guidance for the Survey and Construction of Steel Ships on 25 December 2018. ClassNK is const

Taicang port in Suzhou, East Chinas Jiangsu province, has handled more than five million containers this year, according to local media reports on Dec 24. The record high number of containers moved, 13,700 containers each day over the past

Triggered by the recent revision of the York-Antwerp Rules,BIMCO has made updates to its clauses related to general average,in order to meet the needs of shipowners and operators,and help reduce administrative costs. The BIMCO Average Bond

1.Chinese shipyard Taizhou Kouan Shipbuilding has signed newbuilding contracts with Shanghai Ganglu Shipping to construct two 56,000-dwt dry bulk carriers.And the bulk carriers will be classified by China Classification Society (CCS). 2.Sue