On October 16, Hudong Heavy Machinery, a subsidiary of CSSC Marine Power, and Jiangsu Yangzijiang Shipbuilding signed a contract for the construction of 2+8 WinGD 7X52DF main engines and LNG gas supply systems. The series of main engines an

Coal prices picked up slightly last week (October 12-18) in China, according to the Ministry of Commerce. Thermal coal prices rose 1.1% to 576 yuan/t, and prices of #2 anthracite lump coal ticked up 0.7% to 917 yuan/t. Coking coal prices ga

Chinas flow of crude oil into storage accelerated in September, reversing two months of declines, as the worlds biggest importer of the fuel continued to work its way through massive volumes purchased during a brief April price war. The flo

Voyage charter parties oblige the ship to proceed with utmost or due despatch, but the principle of JIT runs contrary to this by introducing an option to reduce passage speed. This means that a clause is required to allow the parties to dep

Vale released its Q3 production figures last night. Results show a strong increase in their iron ore output in Q3, both quarter-on-quarter and year-on year. The higher production reflects improved performance at its Northern System, the res

On October 19, the 2700-meter-lane multi-purpose ro-ro ship BO HAI HENG DA built by CIMC Raffles for Bohai Hengtong Ferry was successfully launched in Longkou plant of CIMC Raffles. BO HAI HENG DA is the second ro-ro ship launched by CIMC R

On October 20, 2020, in the golden autumn season, ABB Drive headquarters in Beijing. Ma Bingwen, general manager of ABB Drive heavy industry, warmly entertained Jacky Zhou, president of ContiOcean Group, and Chen Fei, Secretary of the Party

Jiangsu Port Group Container Company was founded on October 16, marking that the Port Group has entered a new stage of promoting container sector materialization and company operation. In August, Jiangsu Port completed the container through

Chinas index of export container transport went up last month, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) stood at 965.7 last month, up 9.9 percent from that of August, according to the

Imports and exports of Ningbo, a port city in East Chinas Zhejiang province, reached 710.9 billion yuan ($106.1 billion) in the first three quarters of this year, an increase of 4.3 percent year-on-year, official data from local customs aut

Chinas gross domestic product numbers tend to spark debate as to whether they are an accurate reflection of the true state of growth in the worlds second-biggest economy. The robust trend in commodity imports suggests they are. Chinas GDP e

Chinas coking and thermal coal markets are set to tighten over the remainder of 2020 as stringent import restrictions curb supply at a time of robust demand from heavy industry, and with the winter heating season about to kick in. China, th

Dalian iron ore futures dropped to a three-week low on Monday as Chinas rising portside inventory and a bleak outlook for domestic steel demand during winter weighed on prices. The most-traded iron ore contract for January 2021 delivery on

On October 16, China Merchants Jinling Shipyard (Nanjing) signed and delivered the first 7800 meter ro-ro ship for Grimaldi in Italy. Jinling once again set a record for the largest ro ro ship made in China, and won many first records of ma

On the afternoon of October 17, Qingdao Border Inspection Station, with the cooperation of the prevention and control headquarters, customs and maritime departments, successfully completed the crew change of 19 foreign seafarers of the Libe