China COSCO Shipping Corp said that its unit, COSCO Shipping Container Lines, has taken delivery of the 20,000 TEU LNG-ready containership, COSCO Shipping Scorpio. The vessel has been build by Nantong COSCO KHI Ship Engineering (NACKS) and

The imported iron ore prices remained unchanged from yesterday in the morning. Affected by the shocking futures market, partial hedging traders are willing to sell resources. While the large number of traders held stable sentiment with norm

1.Italian giant shipbuilder Fincantieri and China State Shipbuilding Corporation (CSSC) have signed a Memorandum of Understanding extending their already existing cooperation to all segments of merchant shipbuilding. 2.Over 30% of global cr

Hong Kong-based bulker operator Jinhui Shipping says it is taking a wait-and-see approach on the installation of scrubbers. We are currently refraining from the installation of scrubbers given the long term technical and commercial viabilit

Verifavia, the worlds leading emissions verification company for the transport sector (aviation and shipping), today urged ship owners and operators to submit their data collection plans to verifiers by the recommended IMO deadline of Septe

Oil prices rebounded on Wednesday as official data showed a larger-than-expected decrease in U.S. crude stockpiles. The U.S. Energy Information Administration(EIA) said in a weekly report on Wednesday that the countrys crude stocks fell by

Hong Kongs Financial Secretary, Paul Chan confirmed Tuesday what many have anticipated when he announced a group of tax incentives to promote marine insurance, reinsurance and specialty insurance. As with anything of an economic nature in H

The Global Maritime Forums Annual Summit 2018, to be held in Hong Kong, has lined up a host of some of the top industry leaders, policymakers, experts and NGOs with the secretary-general of the IMO, Kitack Lim topping the bill. This inaugur

Leading international brake supplier Dellner Brakes AB is launching a brand new range of plug and play electrohydraulic braking systems at this years SMM in Hamburg, combining the very best of Swedish and German engineering, from Dellner Br

Shipbuilding giants Fincantieri and China State Shipbuilding Corporation (CSSC) have agreed to extend an existing cooperation spanning all fields of commercial shipbuilding. The firms signed a Memorandum of Understanding during a ceremony i

1.A port in Hambantota,Sri Lanka - a country seen as an important juncture along the Maritime Silk Road under the Belt and Road Initiative has been revived and started gaining economic benefits under the management of China Merchants Port H

The imported iron ore market fluctuated in a narrow range today, leading to the unchanged quotations in the morning. While partial iron ore prices saw declining trend with firm lump and pellet prices. Traders expressed that the mainstream r

Chinas crude oil futures settled higher on Tuesday The main contract for December delivery was up 0.12 percent to 512.0 yuan per barrel, data from the Shanghai International Energy Exchange (INE) showed. China launched its first yuan-denomi

China, the worlds second-largest importer of liquefied natural gas (LNG), is continuing to boost imports of the chilled fuel as it is pursuing its strategy for cleaner air. July LNG imports reached 4.15 million tonnes, 33.8 percent above th

Hong Kongs Orient Overseas Container Line (OOCL) has dropped several more Asia-Europe sailings because of low demand after the National Day holdiay. OOCL said in a press statement that Loop 1 on the Asia-North Europe Service, westbound: ETA