Dalian Shipbuilding Industry established a new company and successfully purchased its bankruptcy and liquidation subsidiaries- DSIC Shipping Engineering and DSIC Steel for 624 million yuan. On April 16, CSSC issued a notice that DSIC Shippi

1.Chinas gross domestic product stood at 20.65 trillion yuan in the first quarter of 2020 amid COVID-19 impact, down 6.8 percent year on year. 2.Its a good opportunity for China to top up its strategic crude reserve as its reliance on impor

OPEC released its much anticipated April monthly report. Crude Oil Price Movements Crude oil prices collapsed in March 2020, recording their deepest monthly drop since the global financial crisis in 2008. The ramifications of the COVID-19 p

Classification society ABS has successfully completed a pilot project using 3D digital models to carry out surveys. The pilot was carried out with the National Steel and Shipbuilding Company (NASSCO). Surveyors used 3D digital models instea

The Sea Traffic Management (STM) concept project, STM BALT SAFE, has signed up 50 tankers that frequently sail in the Baltic Sea to an ECDIS update to enable route sharing. Wrtsil Voyage has won the contract to update the ECDIS systems. The

Battle Against Novel Coronavirus Chinas gross domestic product stood at 20.65 trillion yuan (about 2.91 trillion U.S. dollars) in the first quarter of 2020 amid COVID-19 impact, down 6.8 percent year on year, data from the National Bureau o

The Liberian Registry has developed and released a dynamic Detention Prevention Programme (DPP), which is an automated Port State Control (PSC) risk assessment system that focuses on preparedness before Liberian vessels enter into port. Thi

Global, sector-focused law firm assisted Abu Dhabi Ports on its purchase of bulk carrier Mv NIKI. HFW also provided completion services to all parties on the transaction, which was closed remotely via video conference due to Covid-19. Parti

Soybean crushers in southern China have begun to receive beans again from South America, easing a supply shortage in the worlds top market, crushers and analysts said. Chinese buyers bring in soybeans to crush into soymeal for the livestock

Good chance for China to increase strategic crude reserves amid bargain price environment While oil price plunges will impact the global economy, which is already reeling from the coronavirus pandemic, China－the worlds top crude importer－

Hong Kongs Orient Overseas Container Line (OOCL), now a Cosco unit, together with its Ocean Alliance partners, has made changes in their transpacific service, to take effect late April or early May. With 7 Pacific Southwest Services (PSW] s

Chinas Commerce Ministry says the nations imports and exports improved in March, without elaborating. However, some foreign trade companies, especially textiles firms, have had existing orders delayed or cancelled and are having difficultie

The composite index decreased 1.7% this week but, 13.1% up when compared with same period of 2019. The average composite index of the WCI, assessed by Drewry for year-to-date, is $1,627 per 40ft container, which is $247 higher than the five

ReCAAP Information Sharing Centre today released its 1st Quarter Report for Piracy and Armed Robbery Against Ships in Asia (January-March 2020), Single-sheet Summary, and Situation Slides. The documents can be download by the embedded links

1.China will exempt Chilean enterprises from VAT on their income from international transport business in China by ships or aircraft. 2.CMES has placed an order with Jinling Shipbuilding for four open hatch bulk carriers. 3.China will be th