Lin Wenbo, general manager of Yang Ming, resigned ahead of time due to his dissatisfaction with the result of a sale and leaseback case ten years ago. Yang Ming announced that general manager Lin Wenbo retired on February 16 due to his pers

Coronavirus, a Force Majeure? A matter of facts, the legal team should do something There is an argument, whether the coronavirus outbreak constitutes Force Majeure to shipping or sales contract, it seems there is no conclusion and legal me

The coronaviruss effect on energy markets is worsening, as the sharp fall in demand in China, the worlds largest importer of crude, is stranding oil cargoes off the countrys coast and prompting shippers to seek out other Asian destinations.

Chinas container transport for export purposes saw an overall increase in January, according to the Shanghai Shipping Exchange (SSE). The average China Containerized Freight Index (CCFI) rose 10.3 percent month on month to stand at 927.91 l

When the World Health Organization announced the novel coronavirus outbreak was a Public Health Emergency of International Concern (PHEIC), it made it clear that it opposed countries imposing travel or trade bans on China. But more than 10,

As an international maritime hub, Singapore has been dynamic with all shipping activities, especially ships bunkering. 50+ majors and independent oil traders provide 45-50 million tons of fuel oil to thousands of ships calling or passing th

1.On February 9, with the smooth operation of electronic delivery of COSCOs first foreign trade order, Liaoning Port Group Dalian Container Terminal (DCT) has the ability to provide electronic delivery of all domestic and foreign trade carg

A black swan event shuts down your most important demand driver, China, and rattles your investors confidence. Your stock plunges, and then, just when everything is really hitting the fan, you have to do that quarterly conference call with

The maritime industry has experienced a longer period with head wind, and it is pleasing to see that our operating results are stronger year over year, says Thomas Wilhelmsen, group CEO, about 2019 results. Commenting more specifically on t

The Dutch registered container ship OOCL Rauma, operated by JR Ship Management based in Harlingen in northern Netherlands, has lost at least five containers on Tuesday, 25 miles north of Ameland off the coast of the Netherlands. The Netherl

1.The coronavirus did not have a major impact on volumes for Chinese ports in January, with the northern port group of Shandong reporting 121 million tonnes of cargo throughput. 2.Patrick Jany joins A.P. Moller - Maersk as Chief Financial O

The Baltic Exchanges main sea freight index inched higher on Wednesday, helped by an uptick in rates for panamax vessels, but sentiment remained negative as the coronavirus outbreak disrupted vessel shipments. The Baltic index, which tracks

1.Diminished trade as a result of the coronavirus outbreak is costing container shipping lines $350 million a week in lost volumes, a new report says. 2.As fate of quarantined passengers and crew debated, 39 more cases confirmed.The total n

Hong Kong-based liner shipping firm, OOCL has offered its view on the current situation in China as it battles the coronavirus and how the liner company is coping. OOCL reveals that most container terminals in China are in normal operations

Diminished trade as a result of the coronavirus outbreak is costing container shipping lines $350 million a week in lost volumes, a new report says, as declining activity in China begins to take a deeper toll on maritime operations from shi