1.Since bottoming out in late March this year, the container spot rate index out of China has soared and has now reached its highest level since the summer 2017. 2.The new board of directors of OOCL was established, and Lirong,Xu was

1.China Petrochemical Corporation (Sinopec) has received approval by the Shandong province to expand its liquefied natural gas terminal.When the approved expansion is complete the facility located in the port of Qingdao will have the

China is ready to take countermeasures in response to the US threat of an escalating trade war, Chinese Commerce Ministry (MOFCOM) said in a statement on Thursday. The US is making contradictory moves. On the one hand, Washington is declari

A CPC delegation led by Mr. Li Qiang, a member of the Standing Committee of the Political Bureau of the CPC Central Committee and Secretary of the CPC Shanghai Municipal Committee, paid a visit to Panama from July 17 to 19. In the company o

Iron ore prices fell heavily on August 1, suffering the largest decline in a month. According to Metal Bulletin, the spot price for benchmark 62% fines slumped 2.4% to $66.55/t, reversing sharply after rising to the highest level in over a

Ratings agency A.M.Best has applauded a recent agreement that gives qualified reinsurers in Hong Kong preferential regulatory treatment over offshore reinsurers is expected to boost Hong Kongs standing as a risk management hub in Asia provi

Attempts to assess Chinas macro-economic outlook have been complicated by the ongoing trade dispute with the USA. Greater negative risks are implied by trade tension. So far, consequences for China have been limited and the economy has perf

1.The current fishing ban in China, issued by the Ministry of Agriculture and Rural Affairs, will be lifted in South China Sea from 16 August 2018. Following this, the waters of East China Sea, Yellow Sea and Bohai Sea will see the b

The BIMCO President, Mr Anastasios Papagiannopoulos and ECSA President, Mr Panos Laskarides met in Athens recently to discuss areas of cooperation and further alignment between the two leading associations representing shipowners globally a

Hong Kong Maritime firms feature prominently among the finalists for this years upcoming Lloyds List Asia Pacific Awards. The following details Hong Kong-based finalists (including international law firms) for each category: Company of the

Chinas major oil and gas giants expect their net profits and net incomes to surge for the first half of this year, benefiting from the revival in crude oil prices, but analysts believe high earnings growth will be hard to maintain in the se

Russian gas firm Novatek earlier announced that the Rusanov and its sister ship Eduard Toll had left the frozen Arctic without an icebreaker escort. The first official Yamal LNG delivery to China took place in April, when the Pskov travelle

1.The Maritime Authorities of the Tokyo and the Paris Memoranda of Understanding (MoU) on Port State Control will launch a joint Concentrated Inspection Campaign (CIC) on MARPOL Annex VI from 1 September 2018 and ending 30 November 2

International technology group GEA signed a contract for its new transcritical CO2 industrial refrigeration technology, with PO Cruises, part of Carnival Corporation PLC, the worlds largest commercial cruise ship operator. The green refrige

The image from Internet for reference only. Chinese research vessel Dayang Yihao (Ocean No.1) departed from east Chinas Qingdao city on Tuesday, heading for northwest Pacific ocean for its 48th deep-sea mission. The 48th mission aims to con