Prize to be awarded to Mr. Peter Hinchliffe, former Secretary-General, International Chamber of Shipping (ICS). The prestigious International Maritime Prize for 2019 is to be awarded to Mr. Peter Hinchliffe, former Secretary-General, Intern

China Tianjin Container Freight Index (TCI), an indicator of northern Chinas international container freight rates, stood at 698.52 points on Wednesday, up 0.4 percent compared with the previous working day. The statistical samples of TCI c

Female leadership should be a priority for maritime businesses - particularly in the bunker industry - where women make up just nine per cent of senior positions. LQM Petroleum Services are bucking the trend and have a gender equality ratio

After a banner year for the Republic of the Marshall Islands (RMI) fleet in 2019, with its best ever ranking from port State control (PSC) authorities globally, the RMI Maritime Administrator (the Administrator) remained focused on enhancin

This is BIMCOs 3rd news piece reporting on new developments affecting the IMSBC Code. Today, we focus on new cargoes added to the IMSBC Code. A total of 11 new cargoes have been incorporated into the IMSBC Code. These new cargoes carrying t

BIMCO, ICS, INTERCARGO, INTERTANKO and OCIMF warns that as the dry season approaches and sea conditions abate, an increase in attacks in the Gulf of Guinea has traditionally been seen, so maritime security risks to vessels operating in the

From 31 December 2020, the European Unions Ship Recycling Regulations (EUSRR) will require ships of 500 GT and above flying the flag of countries in the European Union (EU), and all other ships regardless of the flag, to carry an inventory

On ctober 20, the naming ceremony of the 174,000 cubic meter LNG ship LNG MEGREZ built by Hudong Zhonghua, was held at Changxing Island base 0, marking the conclusion of Hudong Zhonghua Yamal LNG project. With a total length of 295 meters,

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