French container shipping major CMA CGM has secured a 1.05 billion ($1.1. billion) syndicated loan, the company announced. As disclosed, the loan will be arranged by a consortium of banks BNP Paribas, HSBC France and Socit Gnrale and it wou

Cargotecs MacGregor has received orders to provide equipment to four offshore wind service vessels for Edda Wind, stensj Groups offshore wind business unit. Two of the equipment packages were awarded by the Spanish Astilleros Gondn, who is

On May 11, the ship ANSHEN 5 arrived at the No. 3 anchorage and successfully added 1600 tons of low-sulfur fuel oil for the large oil tanker NEW VISTA. It marks the completion of the first order of oil supply business for large vessels in Q

On the morning of May 12, Guangxin Shipbuilding Heavy Industry held a contract signing ceremony with Tianjin Zhihai Shipping for the sale of two 78m platform supply vessels. Affected by the novel coronavirus pneumonia outbreak spreading aro

1.Hu Wenming, former chairman of China Shipbuilding Industry Group,is currently under investigation. 2.The Philippines fully supports the recognition of Filipino seafarers as key workers ensuring that ship crew changes can take place safely

A.P. Moller - Maersk had a financially strong start to the year. Despite the COVID-19 pandemics profound impact on global trade the company kept momentum in its strategic transformation and demonstrated robustness to weather the crisis. In

The Finnish technology group Wrtsil has recently managed and completed the delivery of regasification modules for Chinas first newbuild LNG FSRU. The vessel, the Transgas Power, was built at the Hudong-Zhonghua shipyard in Shanghai for Gree

The North Sumatra police have identified the seven people who died in a fire accident on the Jag Leela oil tanker at the port of Belawan in Indonesias province of North Sumatra on Monday morning. They were trapped inside the ship which was

Chinas energy and chemical giant Sinopec has said it has put Chinas largest petrochemical port into operation with the successful docking and unloading of the New Renown, a very large crude carrier (VLCC) from the Middle East. The tanker wa

Edward Liu, legal director with Hill Dickinson Hong Kong, has been appointed as a member of the Steering Committee on Mediation and its Public Education and Publicity Sub-Committee each for a new term from 1 January 2020 to 31 December 2021

The China Tianjin Bulk Freight Index (TBI), an indicator of northern Chinas international bulk freight rates, stood at 522.03 points on Tuesday, down 1.57 percent compared with the previous working day. The statistical samples of TBI cover

Two Singapore-based executives of consultancy EY have been appointed as the Interim Judicial Managers (IJM) of Singaporean shipping firm Ocean Tankers (Pte) Ltd, a unit of troubled oil trader Hin Leong Trading Pte Ltd, EY told Reuters on Tu

A total of 91 vessels carrying 14.05 million mt of iron ore arrived at major Chinese ports during May 3-9, SMM estimates. This was up 1.21 million mt from the prior week, and up 1.72 million mt from the same period last year. For the same w

On the afternoon of May 9, COSCO SHIPPING and Shanghai Huayi (Group) Company concluded a strategic cooperation agreement in Shanghai. Capt. Xu Lirong, Chairman of COSCO SHIPPING, Mr. Fu Gangfeng, Director of the Board and President of COSCO

Hu Wenming, former chairman of theChina Shipbuilding Industry Corporation （CSIC）, issuspected of violation of discipline and law. He is is being investigated by the Communist Party of China Central Commission for Discipline Inspection a