Chinas raiway cargo shipments increased in March compared with a month ago,in a sign that the countrys economic activities improved as COVID-19 pandemic impact reduced. Total rail freight volume reached 346 million tonnes in March,up by 4.5

Driving the push towards a world economic recovery once the Covid-19 pandemic has eased will fall to global supply chains and the worlds shipping fleet according to Palau International Ship Registry (PISR). With increasing pressures on the

1.The maiden voyage ceremony of AG3 of Qingdao Port,Shandong Port Group,THE Alliance was successully held in Qingdao. 2.Korean shipbuilders are reportedly outrun by Chinese rivals in a race to win a 1.35-trillion-won order for six 23,000-TE

Senior member of the Shanghai Shipbrokers Club Yangfan Group secured a new order of 18,500dwt chemical tanker from Singapore owner on April 9th, 2020. The ships LOA is about 164.34m, breadth 23m and design draft 9.55m. The yard bagged one 2

Supertanker freight rates have fallen after last weeks highs as industry participants await the outcome of a meeting of oil producers on Thursday before making further bookings, industry sources said. Freight rates could drop further if the

World trade is expected to fall by between 13 percent and 32 percent in 2020 as the COVID-19 pandemic disrupts normal economic activity and life around the world, the World Trade Organization (WTO) said Wednesday in its latest report. The w

1.On April 8, Ye Weilong, deputy general manager of COSCO SHIPPING Group, died in Beijing early this morning at the age of 57. 2.Major ports in coastal areas of China have restored their operations to roughly the pre-COVID-19 level. 3.Japan

COVID-19 RESTRICTIONS ARE STORING UP TROUBLE FOR SEAFARERS AND GLOBAL SUPPLY CHAINS The International Chamber of Shipping (ICS) and the International Transport Workers Federation (ITF) have issued a joint call on behalf of seafarers to gove

On April 3, COOEC announced that on March 31, 2020, COOEC and Hong Kong LNG Terminal, Castle Peak Power Company Limited, HK Electric completed the signing of the general contract of Hong Kong Offshore LNG terminal. The total contract amount

1.Investors breaking trading records on Chinas commodities exchanges are looking to metals and energy futures products such as stainless steel, tin and crude oil. 2.On 3 April 2020, the Singapore Ministry of Health (MOH) issued a media rele

At 2:50 p.m. local time on April 6, South Korea, a container ship of K line suddenly crashed into a container bridge crane while docking at a terminal in Busan Port. The ship is a large container ship named Milano Bridge, 13870TEU. The time

Oil tanker storage is about the only thing in demand in the crude market right now. The coronavirus pandemic has obliterated consumption, forcing producers and traders to store more oil on the water. Draining these floating stockpiles may t

While the implications of COVID-19 for containership demand and freight rates are directionally clear, the timecharter market often marches to its own drum. London, 06 April 2020. The latest Container Shipping Forecaster* from Maritime Stra

1.Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut. 2.IMO Secretary-General Kitack Lim has asked the United Nat

The China shipping prosperity index (CSPI) sank to an historic low in the first quarter of 2020, as the shipping industry runs to a ferocious turbulence amid the spread of the COVID-19 pandemic, according to an industry report. The report a