The Baltic Exchanges main sea freight index rose on Tuesday, as higher rates for capesize vessels offset a fall in panamax and supramax segments. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects

A total of 89 vessels carrying 14.53 million mt of iron ore arrived at major Chinese ports during August 16-22, SMM estimates. This was down 280,000 mt from the prior week, but up 1.34 million mt from the same period last year. SHANGHAI, Au

Saudi Arabias crude oil exports to China fell in July, taking it out of the top two supplier slots for the first time in two years, after a historic production cut to cope with a plunge in fuel demand and prices that was by the COVID-19 pan

Amidst the COVID-19 pandemic, maritime companies in Singapore have come together to provide job opportunities for Singapore Citizens and Permanent Residents entering the workforce. The Maritime and Port Authority of Singapore (MPA) is worki

Incidents at Batangas Anchorage, Philippines Within an interval of seven days, two incidents of armed robbery against ships occurred while they were berthed/anchored in Batangas, Philippines. In both incidents, the perpetrators demonstrated

On August 23, 2020, Guoyuan 82, the first ship of 86,000 dwt karmsamax series bulk carrier under Fujian Guohang Ocean Shipping (Group), was delivered at Qingdao. The maiden voyage ceremony was held smoothly. This series ship has a total len

Dalian Shipbuilding Industry Steel Structure Manufacturing has been actively promoting the research and development of gas supply system for ships. This certification is mainly for small and medium-sized vessels and low-pressure LNG single-

The ORE DALIAN ship docks at Yantai Port in East Chinas Shandong province. [Photo/dzrb.dzng.com] Yantai Port in East Chinas Shandong province set a new world record in unloading efficiency after unloading an average of 12,438 tons of iron o

Orient Overseas (International) Limited and its subsidiaries (the Group) today announced a profit attributable to equity holders of US$102.1 million for the six-month period ended 30th June 2020, compared to a profit of US$139.0 million for

Chinas shipbuilders received new vessel orders equivalent to nearly 14 million dead weight tons (dwt) over January-July, lower by 4.8% on year, according to the latest data released by China Association of the National Shipbuilding Industry

US cargoes are getting discharged at Chinese ports with heavy MEG volume. The trade pattern has the potential to support freight rates on long-haul routes and increase spot activity in 2H20. It is no news that the US-China tariff war has ru

The Baltic Exchanges main sea freight index inched up on Monday, as a jump in capesize rates offset lower prices for panamax vessels. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for ca

Chinas comprehensive import price index for liquefied natural gas (LNG) declined last week, according to the Shanghai Petroleum and Natural Gas Exchange (SHPGX). The LNG index, not including tax and processing fee, came in at 1,888 yuan ($2

BULLS SHARE BUY-BACK PROGRAM WITH A MAXIMUM VALUE OF RP 270 BILLION PT Buana Lintas Lautan Tbk (BULL), the largest Indonesian oil and gas tanker company with a global footprint, today announced its first share buyback program. The managemen

China Harbour Engineering Company will be responsible for the construction of a new planned shipyard in Nigeria to provide services for the maintenance and repair of an increasing number of cargo, oil and LNG ships. This project is funded b