The worlds second largest iron ore miner, Rio Tinto and China Baowu Steel Group Corp will negotiate a possible extension of their joint venture in Western Australias resource-rich Pilbara region. The companies signed an agreement on Decembe

Prompted by regulatory changes and a desire to invest in Hong Kongs success, Lloyds continues to grow its presence Marine insurance is of course the oldest form of insurance with origins in the Greek and Roman civilisations. In the 17th cen

There are almost 26,000 active UK seafarers at sea, according to new Government statistics. The annual Seafarer Statistics from the Department for Transport, which were released last week, showed just under half of the total active at sea w

1.Kumiai Navigation has commissioned Nantong Cosco KHI Ship Engineering (Nacks) to construct a 208,000-dwt bulker for delivery in June 2020.It has also contracted Nacks sister shipyard, Dalian Cosco KHI Ship Engineering, to build a 61,000-d

State-owned China National Offshore Oil Corporation (CNOOC) said on December 18 it has signed strategic agreements with nine foreign companies to conduct exploration at two oil and gas blocks in southern China. Exploration will take place i

Where do we go to find economic growth that spurs shipping demand in the next five years? According to the International Monetary Fund (IMF), we should look towards emerging and developing countries. The IMF also points out that advanced ec

AN intra-Asia consortium headed by Wan Hai Lines has expanded the port rotation of the China-India Service II (CI2) by adding a direct call at the major public port of Tuticorin that is situated on Indias east coast near Chennai. The China-

JAPANs container line Ocean Network Express (ONE) will be applying a low sulphur fuel surcharge for Taiwan and the China emission control areas (ECAs) next year. Chinas three main port areas and Taiwan are implementing a 0.5 per cent sulphu

1.Swedens oldest passenger shipping company Rederi AB Gotland Group named its new roll-on/roll-off passenger vessel M/S Visborg on Saturday, December 9, in Guangzhou City, capital of south Chinas Guangdong Province. 2.The Japanese liner com

1.COSCO Shipping will add a call to Port Tampa Bay on its Gulf of Mexico Express (GME) transpacific service, with the first vessel, the 4,250-TEU Cosco Piraeus, scheduled to arrive in Tampa on January 28. 2.China will soon deliver a world-c

Asian shipping is expressing more confidence in the new year than its global counterparts, according to the latest Confidence Survey issued by international accountant and shipping advisor Moore Stevens. While confidence levels overall fell

Spot rates for shipping containers from Asia to northern Europe in the week ending Friday jumped 7.5 per cent to US$832 per TEU, according to the Shanghai Containerised Freight Index (SCFI). Asia-Mediterranean trade rose 4.2 per cent to $82

Periodic surveys and inspections of ships are carried out to ensure the safety and seaworthiness of vessels. With maritime laws becoming more stringent with each passing year, sea-going vessels have to go through a series of inspections in

1.A subsidiary of Qingdao Port Group (QPG) has signed a long-term lease deal with Petrobras for four crude tanks at the Chinese port, signalling further longhaul tanker trades between China and Brazil. 2.Chinas most advanced manned submersi

COSCO Shipping will add a call to Port Tampa Bay on its Gulf of Mexico Express (GME) transpacific service, with the first vessel, the 4,250-TEU Cosco Piraeus, scheduled to arrive in Tampa on January 28. The revised port rotation for the GME