News Bulletins on February 9, 2018 1. Evergreen Orders Eight 11,000 TEU Containerships. Evergreen Marine Corp. (EMC) entered into an agreement with Samsung Heavy Industries (SHI) yesterday to order eight 11,000 TEU containerships. The newbu

Hong Kong-headquartered Gold Star Line, established in 1958, celebrates its 60th anniversary as a successful intra-Asia operator this year. In a world increasingly dominated by vast global shipping corporations there are lessons in survival

According to statistics from the Qingdao Municipal Commerce Bureau, the total value of Qingdao's imports and exports reached 503.35 billion yuan ($79.67 billion) in 2017, a 15.7 percent increase from the previous year.

News Bulletins on February 8, 2018 1. 0.5% sulphur cap deadline set in stone by IMO. Earlier in January leading shipping and environmental organizations such as the International Chamber of Shipping are lobbying the International Maritime O

With China having overtaken the U.S. to become the world's largest oil importer in 2017, experts forecast a marginal increase in 2018 with a cyclical peak possible in 2020 or shortly thereafter.

China's coal imports climbed to the highest level on monthly basis in January since January 2014, customs data showed on February 8, as frigid weather and blizzards across the country boosted demand at utilities and snarled transport network

Shipyards and the Search for the Best Newbuild Values Rising waves of nationalism are being seen in politics around the globe, and the trend is also bleeding over in ship construction. Owners are ordering a larger number of ships from yards

COSCO SHIPPING Technology Information Platform Launched On the afternoon of February 2, 2018, the COSCO SHIPPING Technology Information Platform was officially launched in Shanghai. Mr. Sun Jiakang, Executive Vice President and Deputy Party

Oil prices rose on Wednesday amid a share market recovery and supported by a report that US crude inventories fell last week, although analysts warned that soaring US output and a seasonal demand drop could soon weigh on crude.

The Xiamen Branch of the China Ocean Shipping Group (COSCO）'s Shipping Ferry Company decided on Thursday to advance its cross-Strait ferry services to facilitate the home-bound Taiwan compatriots for the upcoming Spring Festival, the most

China's wind power generation has picked up amid government efforts to expand clean energy to curb pollution.

CNOOC, China's dominant offshore oil and gas producer, has raised its output targets for this year and next as oil prices steadily recover, and will budget more money for exploration activities in a sign of optimism over the outlook for the

News Bulletins on February 2, 2018 Details on Chinas first batch of free trade ports is expected to be released after the two sessions set to be held in early March this year, China Securities Journal reported Wednesday. The Dragon Ascends -

A new cargo shipping service, “Water BRT”, went into operation at Guangzhou’s Huangpu Port on January 23rd. The “Water BRT” can ship both domestic and import-export cargoes together, and is expected to bump up the shipping efficien

China’s power consumption is expected to rise 5.5 percent in 2018 from the previous year, the China Electricity Council (CEC) said in a statement on Thursday, driven by economic growth and the ongoing coal-to-electricity conversion as part