The ship departed with a whistle on what is now its regular route at Xiamen port in Fujian province on Dec 24, marking the official launch of the first container liner route identified as Silk Road Sea Transport in Fujian. On the same day,

1.A shipping conglomerate, the China Ocean Shipping (Group) Company (COSCO) Shipping Corporation Limited, has developed into a world-class ocean shipping giant during the process of Chinas reform and opening-up. 2.The Xiamen International C

Green ban on hazardous foreign vessels to protect ship-breaking sector, hinterland Come next week/year, a decades-old marine trade practice in China will draw to a close. The countrys ship-breaking yards, which have been tearing apart the w

China will lower or remove import and export duties on a number of items starting 2019 as part of a tariff adjustment package announced Monday as the country further opens up the economy. To expand imports, more than 700 items of products w

A shipping conglomerate, the China Ocean Shipping (Group) Company (COSCO) Shipping Corporation Limited, has developed into a world-class ocean shipping giant during the process of Chinas reform and opening-up. Now, the number of port termin

1.BEIJING: China announced on Monday adjustments to some import and export tariffs for 2019, removing import duties on alternatives to soymeal for animal feeds and tariffs on fertilizers and iron ore exports, to boost foreign trade as the e

A sharp decline in prices as well as mounting pressure of oversupply has forced OPEC and its allies to cut production. However, crude tanker demand is unlikely to be affected, as a notional loss in the volume of crude oil trade owing to the

With the manpower having reduced to a fundamental minimum on board ships, it is all the more imperative to keep safety at sea as the prime concern for the crew. Regular maintenance of lifeboats, life rafts and other such safety entities mus

As the demand for its exhaust gas cleaning systems -- aka. scrubbers -- has grown, Yara Marine Technologies opened its new office in Shanghai. Peter Strandberg, CEO, Yara Marine, explains: A large percentage of scrubber installations will b

Chinas import is expected to reach an all-time high over 2 trillion U.S. dollars in value in 2018, said a national commercial work conference held in Beijing on Saturday. According to the conference which was sponsored by the Ministry of Co

Political instability and low credit ratings in emerging economies are putting some shipowners off ordering new floating storage and regasification units (FSRUs), as they shift focus to more mature gas markets. Liquefied natural gas (LNG) d

1.In response to the fluctuating bunker prices and to reasonably compensate for our soaring bunker costs, COSCO SHIPPING Lines is going to introduce a Bunker Adjustment Surcharge from January 1st, 2019 aiming at truly reflecting the variati

2018 has been a slow year for dry bulk demolitions, with only 4.2 million DWT scrapped (as of 17 December), down 71.6% compared to last year. An almost total halt in Panamax demolitions has been an important factor behind this fall, with de

As part of a joint project with Masterbulk Pte. Ltd. (Masterbulk), Eco Marine Power (EMP) is pleased to announce that an UltraBattery (UB) battery pack manufactured by the Furukawa Battery Company (Furukawa Battery) has been installed on th

1.China on Thursday launched a 24-hour intelligent customs clearance system at the Huangpu Customs District in south Chinas Guangdong Province, the first of its kind to be put into operation at the countrys ports. 2.BEIJING, Dec. 19 (Xinhua