The four major crude oil users, China, Japan, Korea and India started to import more crude oil due to the economic recovery. In the first 5 months, the 4 majors just unloaded 412.5472 million tonnes of crude oil into their tanks refiners, j

The fourth 50,000-ton semi-submersible vessel, tailored for JGCs Canada LNG Project, was delivered to Cosco Shipping Spe. The delivery and naming ceremony of 50,000-ton semi-submersible vessel Xiang An Kou On June 18th, the fourth 50,000-to

Chinas trade in first 5 months grows by 27.2% The Customs House just released the first 5 months trade statistics which show a radical growth of 27.2% compared with same period of 2019, 29.5% YoY with 2020 in US dollar terms. Total trade in

Los Angeles, Long Beach and Northwest Alliance (Tacoma Seattle) are the major entrance to US market. As of July 2020 the volume of containers handled by these ports started to pick up overtaking 1.8 million TEU monthly benchmark. October 20

Chinas appetite for soybean never disappoints bulkers as the nation imported 100.326 million tonnes last year, a 13.3 percent growth YoY over 2019. In the first 5 months 2021, the economy did 38.23 million tonnes, 13% more than same period

(Jan-May) With no surprise, iron ore trade expanded among the surging prices. In the first 5 months, Asian major importers bought 559.6 million tonnes of iron ore which represented a growth rate of 7% YoY, and 10% over same period of 2019.

In the first 5 months, the Asian major coal buyers, China, Japan, Korea, India and Vietnam only unloaded 327.7 million tonnes of coal, which is 10% down compared with same period of last year, 6% down from 2019. Of which, China and Vietnams

The BPI comfortably sits above $30,000/day, the highest seasonal level since 2010. When rates began taking off in January, we argued that while temporary disruptions contributed to the rally, it was mainly driven by improving fundamentals.

Optimarin is taking maintenance of ballast water treatment systems (BWTS) to the next level with the launch of a new-generation service frame agreement integrating the benefits of its new OptiLinkTMdigital solution to minimise operational c

Huanghai Shipbuilding signed a shipbuilding contract for four 1800TEU container ships with Briese Schiffahrts GmbH Co. KG in Germany. The vessel has a total length of 172 meters, a width of 28.4 meters, a depth of 14.5 meters, a design draf

On June 21, the 16300 dwt dual-fuel chemical 8# ship FURE VITEN built by China Merchants Jinling Shipyard (Yangzhou) was officially delivered to the owner, marking Jinling (Yangzhou)s 10,000-ton 2# terminal officially opened the way to deli

On June 21, BOKM SHANGHAI, the first of the 325,000DWT VLOC series built by Yangzi Xinfu Shipbuilding for BoComm Leasing and KMARIN, was christened and delivered and left the factory for its maiden voyage. BOKM SHANGHAI: 339.9 meters in len

On June 18, CSSC Chengxi (Yangzhou), a subsidiary of China State Shipbuilding Corporation, delivered the first 85,000 dwt bulk carrier CL GENEVA to CDB Leasing. The ship is the first cooperation between CDB Leasing and CSSC Chengxi. It is d

Until or unless the world is fully vaccinated, we should expect container freight disruptions that have so badly affected the petrochemicals industry to continue. We are a long, long way from full vaccination as just 0.8% of people in low-i

While the IMO 0.50% sulphur cap on marine fuels has been successful from a safety perspective, complying with the regulation has proved a headache for many shipowners. North PI Club Loss Prevention Executive Alvin Forster calls for clarity