South Korean Lim Ki-tack has won a unanimous vote from the 40 IMO member states on the ruling council to continue his second four-year term as IMO secretary-general. Lim, who assumed the post of IMO secretary-general starting 2016, will see

Chinas state-owned CNPC has replaced Frances Total in Irans multibillion-dollar South Pars gas project, Iranian Oil Minister said on November 25. The French company, which had a 50.1% stake in the project, said in August it had told Iranian

Kerry Logistics Network Limited took home four awards at the Supply Chain Asia Awards 2018 in Singapore last night (22 November), receiving the titles of Asian 3PL of the Year and Care Positive Work Environment of the Year by judges selecti

1.German container shipping major Hapag-Lloyd announced it has ordered ten hybrid-ready scrubbers to be gradually installed to ten of its 13,000 TEU Hamburg class vessels during 2019 and 2020. In March 2019, the retrofits will start and the

The third edition of Hong Kong Maritime Week organised by the Hong Kong Maritime and Port Board (HKMPB) with co-organisers, the Hong Kong Shipowners Association and the Hong Kong Maritime Museum, as well as the partners Hong Kong Trade Deve

Chinas research icebreaker Xuelong has entered a floating ice area in the Southern Ocean to avoid a cyclone. The ice area is located at 61.55 degrees south latitude and 110.37 east longitude. Xuelong traveled between sheets of floating ice,

As the cost inflation is set to accelerate on higher insurance premiums, average vessel operating costs rose modestly for the second year in succession following two years of marked declines, according to the latest report published by glob

Overview The continued severity of the tanker market conditions has made owners dig deep into the oversupply of capacity. Still BIMCO expects the tanker fleet to keep growing. A short-term rate recovery is not expected, as it is maintenance

1.New Dayang Shipbuilding, restructured from the bankrupt Yangzhou Dayang Shipbuiling, has been newly established and is now officially in operation. 2.The International Maritime Organization (IMO)-led GloMEEP project has delivered a traini

HONG KONG-Listed Orient Overseas (International) Ltd is to launch the sale process of its container terminal in the US west coast port of Long Beach, California in December in a deal that is expected to far exceed the companys US$2.4 billio

Dry bulk shipowner Pacific Basin has closed a $40m seven-year term loan facility with Danish Ship Finance. The facility is an extension of Pacific Basins existing term loan with Danish Ship Finance and is secured by the same 19 vessels curr

The oil complex moved sharply lower Tuesday as a second day of sliding equities increased concerns that global macroeconomic woes could pressure oil demand. ICE January Brent settled $4.26 lower at $62.53/b and NYMEX January WTI settled $3.

The International Maritime Organization (IMO)-led GloMEEP project has delivered a training course in China last week to help maritime administrations and classification societies play their part in an ambitious scheme to collect fuel consum

Chinas Cosco Shipping Ports and PSA Corporation signed a memorandum of understanding (MoU) for the addition of two new berths at the Cosco-PSA Terminal in Singapore. With the launch of the two new berths, CPT will be equipped with five mega

1.China has put a new container ship with a capacity of 1,140 standard containers into service on the countrys longest river, the Yangtze, as part of an upgrade of vessels on the waterway. 2.Cosco Shipping Specialized Carriers announced tha