Two Singapore-based executives of consultancy EY have been appointed as the Interim Judicial Managers (IJM) of Singaporean shipping firm Ocean Tankers (Pte) Ltd, a unit of troubled oil trader Hin Leong Trading Pte Ltd, EY told Reuters on Tu

A total of 91 vessels carrying 14.05 million mt of iron ore arrived at major Chinese ports during May 3-9, SMM estimates. This was up 1.21 million mt from the prior week, and up 1.72 million mt from the same period last year. For the same w

Hu Wenming, former chairman of theChina Shipbuilding Industry Corporation （CSIC）, issuspected of violation of discipline and law. He is is being investigated by the Communist Party of China Central Commission for Discipline Inspection a

1. The first 5G smart port jointly developed by COSCO SHIPPING Ports Limited, Dongfeng Commercial Vehicle and China Mobile (Shanghai) for driverless container truck has passed the trial run. 2.Fire fighters extinguish fire which broke out o

On May 8, the worlds largest container ship HMM Algeciras of Hyundai Merchant Marine left Yantian International Container Terminal with fully loaded, setting a new world record in freight volume. HMM Algeciras is about 400 meters long, 61 m

On May 9, COSCO Shipping Heavy Industry (Yangzhou) successfully delivered the second 208000 DWT bulk carrier HAGEN OLDENDORFF for CDB Leasing, 20 days ahead of the contract delivery time. On the day of delivery, COSCO Shipping Heavy Industr

Fire fighters extinguish fire which broke out on a crude oil tanker at Waruna Shipyard at the Port of Belawan in Indonesias province of North Sumatra, May 11, 2020. A fire broke out on a crude oil tanker docked at Waruna Shipyard at the Por

The markets, particularly for shipping, oil and stocks, have been highly volatile over the last few months and the news cycle endless. In these times of uncertainty, real time and objective data is critical to understand and take advantage

The collapse of the oil market has seen prices of marine fuels compliant with the IMO 2020 sulphur regulation dwindle providing some ease for shipowners in the unprecedented economic crash. From a shipowners or charterers perspective, the l

Chinese stainless steel futures surged on Monday, hitting their highest level in over nine months as domestic demand continued to pick up after coronavirus-related shutdowns. The most-traded stainless steel futures contract on the Shanghai

On the morning of May 8, the 130M piling ship San Hang Zhuang 20 built by China Merchants Heavy Industry (Shenzhen) for CCCC Third Harbor Engineering was delivered in Shenzhen, marking the birth of the worlds largest piling ship. The San Ha

1.A Chinese tug has been fitted with a space to quarantine crew members as the global maritime industry continues to implement precautionary health and safety measures to prevent COVID-19. 2.A homegrown electric cargo ship with a load capac

A Chinese tug has been fitted with a space to quarantine crew members as the global maritime industry continues to implement precautionary health and safety measures to prevent the spread of COVID-19. The vessel, Jin Gang Lun 32, owned and

U.S. soybean exports have been historically sluggish in recent months, but although industry expectations are already low, full-year shipments are in danger of falling even further without more bookings from China. Based on data published o

Chinas index of export container transport dipped in the past week, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) stood at 834.9, down 1.9 percent from a week earlier, according to the exc