COSCO Shipping Container Lines has taken delivery of a 20,000 TEU containership built by Chinas Nantong Cosco KHI Ship Engineering Co (NACKS). The newbuild has been named Cosco Shipping Scorpio. The box ship will be deployed on the Far East

Ocean Installer has been awarded a contract for 3rd Party Verification and Engineering Support work for the Liuhua 29-1 Gas Field Development located in the South China Sea. The work scope encompasses 3rd party verification of detailed desi

SMM, the worlds leading maritime trade fair: An industry steers towards digitalisation This years SMM motto, Trends in SMMart Shipping, is right on track: The maritime sector is driving the use of digital solutions. From network-integrated

Cosco Shipping Ports (CSP), one of the worlds largest container terminal operators, said despite the the US-China trade war, as it posted a 70.1 percent jump in adjusted profit for the first six months ended 30 June 2018. 2018 is a year ful

1.Chinas largest ocean container ship returned to Yangshan Port in Shanghai on Thursday after its 77daysmaiden voyage between Far East and Europe.And there are currently five similarly sized container ships under construction in China. 2.Fi

Chinas iron ore futures market fluctuated in a large range today. Traders quotation remained unchanged generally with prices of partial specifications dropped slightly. In Shandong, prices of PB fines, Ukraine pellet, Jimblebar fines settle

Changfeng Energy, an energy provider in China, through its unit Sanya Changfeng Clean Energy, signed two LNG supply agreements with companies in Chinas Hainan province. The company said the deal it has signed with a brick manufacturer in We

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 Ho

Chinas iron ore futures ended lower on Monday. The most active contract for September delivery finished the day session down 2.15 percent at 479 yuan per ton. China has opened the domestically-traded iron ore futures to foreign investors si

China Petroleum and Chemical Corporation (Sinopec) on Sunday reported a 53.6-percent year-on-year increase in net profit for the first half of 2018, mainly due to strong energy demand and higher oil prices. Sinopecs net profit from January

The South China Sea is a major trade route for crude oil, and in 2016, more than 30% of global maritime crude oil trade, or about 15 million barrels per day (b/d), passed through the South China Sea. More than 90% of crude oil volumes flowi

Tank cleaning is a common procedure performed on board ships. Those associated with the process are very well aware of the hazards involved and fatal accidents that have occurred in the past. In spite of all the necessary safety precautions

1.In a testimony today (August 24), before the US Trade Representative (USTR) in Washington, the American Association of Port Authorities (AAPA) urged the federal government to consider the negative impacts that retaliatory tariffs would ha

Chinas imported iron ore market remains steady on smooth sales. Traders continue to offer actively but with less willingness to undersell ahead of weekend. Steel mills tend to restock on demand. Steel market has shown a slowing price increa

33 new LNG ships have been ordered so far this year, compared to 19 in the whole of 2017 and just six in 2016. Owners have been tempted by higher spot/short-term charter rates, still-low newbuilding prices and rapidly growing LNG trade. New