Pacific Basin Shipping, Hong Kongs leading bulk specialist, yesterday closed a US$325m revolving credit facility secured over 50 of the companys owned ships. We are very pleased with the terms of this important new milestone transaction for

1.ILLUSION PLUS, Chinese-built super yacht and the largest super yacht in Asia, started the seatrails after departing from the port in Yantai, China, and successfully finished its sea trial on 24th June, 2018. 2.China Merchants Po

Under the terms of the MoU, the Liberian Registrys technical competence will be employed to help shipyards and shipowners improve their innovative strategies. The CCS MoU has a particular focus on innovation and technology within the intern

Secretary for Commerce and Economic Development Edward Yau says Hong Kong is worried about the worsening trade row between China and the US given that 17 per cent, or HKD60 billion (US$7.6 billion) worth of Chinese exports in question passe

Chinese companies have invested billions of dollars in planned steel and coal projects as they chase new markets by shifting production to south-east Asia. In the past four years, Chinese steel companies have funded 32 million tonnes of ann

Worldwide Cruise Terminals, manager and operator of Hong Kongs Kai Tak Cruise Terminal achieved a new local record-setting highest throughput day of 15,307 cruise passengers on 15 June 2018. On the day the Terminal hosted two mega cruise sh

1."Chinese seafarers career happiness index" has been released in Dalian Maritime University on June 25,the international seafarer day, which is jointly?conducted by the Institute of Shipping Development of Dalian Maritime University and Xin

US boat makers Wednesday urged President Donald Trump to immediately withdraw high tariffs on alloy aluminum sheet imports from China, saying these harmful policies will cost American industries dearly. The administration claims their trade

OPEC Secretary general Mohammad Sanusi Barkindo has said that OPEC deal with several non-OPEC nations in 2016 saved the oil industry. Speaking ahead OPECs annual meeting in Vienna on Wednesday, Barkindo said the impact of the December 2016

Shanghai steel futures climbed 1% on June 21, recovering from a two-day slide, after China said it was considering to use monetary policy measures to support its economy amid rising trade tensions with the United States. Chinas state radio

A series of marine emergency drills were held yesterday off the northern coast of Hangzhou Bay, Jinshan District, by Shanghai Marine Rescue Coordination Center. More than 30 organizations participated in the drills, which involved 20 differ

Currently, Guangdong, Hong Kong and Macao are eagerly awaiting the release of the outline of the development plan for the Guangdong-Hong Kong-Macao Greater Bay Area. If past experience is any guide, the outline is likely to be a framework o

VV Analyst Court Smith, discusses whats next for the shipping industry if possible tarrifs are put in place by the US against China. Tankers The restriction on US crude exports was lifted in December of 2015, removing a market distortion th

Despite strong demand from the steel industry, Chinas iron ore inventories remain stubbornly high. At 157 million tonnes, stocks are slightly below the record high seen at the end of Q1, but they are well above the 136 million tonnes averag

1.Singapore's APL is to launch in August a new weekly China Australia Service 6 (CA6) that will connect ports in central and southern China to the largest cities in eastern Australia. 2.AP Moeller Maersk's subsidiary, Maersk Conta