1.The Taiwanese government has announced a TWD30bn credit facility to support major container operators hit by trade disruptions caused by the spread of coronavirus. 2.Greeces port of Piraeus handled a total of 5.65 million 20-foot equivale

The Taiwanese government of China announced the launch of a loan program worth TWD 30 billion (approximately US $ 1 billion) to support large container carrier operating companies affected by the novel coronavirus epidemic. The policy is ta

Following an order of more than 20 billion yuan from Qatar, Hudong Zhonghua is once again expected to win an order for five Arc7 icebreaker LNG ships from Russia, competing with South Korea in the icebreaker LNG market. Russian energy giant

Throughout April, container shipping spot freight rates on the back-haul trade from North Europe to China were higher than those on the front-haul trade from China to North Europe. This is a rare occurrence that has developed in the wake of

China is expected to tighten coal import rules in the second half of 2020 to shore up its struggling domestic industry, after record arrivals in the first four months, just as demand tanked because of the coronavirus outbreak. Imports could

Risavika LNG index continued its downward trend following European gas markets fundamentals, resulting in the index falling by 2 % week on week. Despite lower pipeline gas imports to Europe and colder weather last week, the market remained

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

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

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

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 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