Shipbuilding giants Fincantieri and China State Shipbuilding Corporation (CSSC) have agreed to extend an existing cooperation spanning all fields of commercial shipbuilding. The firms signed a Memorandum of Understanding during a ceremony i

1.A port in Hambantota,Sri Lanka - a country seen as an important juncture along the Maritime Silk Road under the Belt and Road Initiative has been revived and started gaining economic benefits under the management of China Merchants Port H

Hong Kongs Orient Overseas Container Line (OOCL) has dropped several more Asia-Europe sailings because of low demand after the National Day holdiay. OOCL said in a press statement that Loop 1 on the Asia-North Europe Service, westbound: ETA

Ocean Installer has been awarded a contract for 3rd Party Verification and Engineering Support work for the Liuhua 29-1 Gas Field Development located in the South China Sea. The work scope encompasses 3rd party verification of detailed desi

SMM, the worlds leading maritime trade fair: An industry steers towards digitalisation This years SMM motto, Trends in SMMart Shipping, is right on track: The maritime sector is driving the use of digital solutions. From network-integrated

Cosco Shipping Ports (CSP), one of the worlds largest container terminal operators, said despite the the US-China trade war, as it posted a 70.1 percent jump in adjusted profit for the first six months ended 30 June 2018. 2018 is a year ful

1.Chinas largest ocean container ship returned to Yangshan Port in Shanghai on Thursday after its 77daysmaiden voyage between Far East and Europe.And there are currently five similarly sized container ships under construction in China. 2.Fi

China Petroleum and Chemical Corporation (Sinopec) on Sunday reported a 53.6-percent year-on-year increase in net profit for the first half of 2018, mainly due to strong energy demand and higher oil prices. Sinopecs net profit from January

The South China Sea is a major trade route for crude oil, and in 2016, more than 30% of global maritime crude oil trade, or about 15 million barrels per day (b/d), passed through the South China Sea. More than 90% of crude oil volumes flowi

Tank cleaning is a common procedure performed on board ships. Those associated with the process are very well aware of the hazards involved and fatal accidents that have occurred in the past. In spite of all the necessary safety precautions

1.In a testimony today (August 24), before the US Trade Representative (USTR) in Washington, the American Association of Port Authorities (AAPA) urged the federal government to consider the negative impacts that retaliatory tariffs would ha

33 new LNG ships have been ordered so far this year, compared to 19 in the whole of 2017 and just six in 2016. Owners have been tempted by higher spot/short-term charter rates, still-low newbuilding prices and rapidly growing LNG trade. New

Five months has passed since the United States slapped tariffs on Chinese aluminum imports. To offset the negative effects it brought, aluminum manufacturers in China are diverting their exports to other countries such as Canada, Japan and

Chinas largest ocean container ship returned to Yangshan Port in Shanghai on Thursday after its 77days maiden voyage between Far East and Europe. The ultra-large container ship named Cosco Shipping Universe is 400 meters long and 58.6 meter

North Chinas Tianjin Municipality has put forward a plan to reinforce the sea protection. The plan, which has been worked out recently, includes the strictest management and control measures for sea reclamations. It will be more demanding f