To strengthen international cooperation for decarbonization, NYK has participated in two recent events at which the company presented its concept for using ammonia as marine fuel to achieve zero-emission ships. Ammonia does not emit carbon

21 February 2020 - Mr Xie Chunlin, Chairman of CMES, inspected the companys headquarters and its subsidiaries, AMCL and HKMW, on their epidemic prevention. Mr Cao Hong, Chairman of CMES Supervisory Board, and Mr Ding Lei, Vice President of

It seems that every time there is a crisis in the world there are disgusting humans out there who will use it to their advantage. Heres the latest example. Hackers are using the coronavirus crisis to try and trick maritime industry people i

The Baltic Exchanges main sea freight index rose for a ninth straight session on February 26, as strong demand for panamax and supramax vessels more than offset waning capesize demand. The Baltic index, which tracks rates for capesize, pana

On February 19,Chongqing Chuandong Shipbuilding Heavy Industry, a subsidiary of China State Shipbuilding Corporation,signed a construction contract with COSCO Shipping (Shanghai) for two 13800 ton stainless steel chemical tankers, with the

1.Seven cruise ships have been requisitioned to support Wuhan, the epicenter of the COVID-19 outbreak, as water hotels for medical teams from all over the country, according to the Ministry of Transport. 2.The Hong Kong Government may be ov

A few days ago, the Municipal Transportation Bureau released the subsidy fund for the port and shipping industry in 2019, with a total amount of up to 410 million yuan,benefiting nearly 100 key port and shipping enterprises in the city. In

Seven cruise ships have been requisitioned to support Wuhan, the epicenter of the COVID-19 outbreak, as water hotels for medical teams from all over the country, according to the Ministry of Transport. The first of these cruise ships, the B

The Hong Kong Government may be over-reacting when it comes to business at the cruise terminals during the novel Coronavirus outbreak, writes Liza Cook. Jeff Bent, the managing director of Worldwide Cruise Terminals, operator of the Kai Tak

China has ramped up fuel exports to compensate for losses to domestic demand as it grapples with the coronavirus outbreak, having not been able to prevent a surplus in the worlds second-largest oil consumer with cutbacks in its refining out

The first quarter of the year was decimated by the outbreak of the coronavirus, however, Maersk foresees a V-shaped recovery could occur after normal factory production levels return in China, provided outbreaks of the virus around the worl

Container cargo volumes at Chinese ports (including Hong Kong) could fall as much as 6m teu in the first quarter of 2020, estimates analyst, Alphaliner. The full impact of the Chinese coronavirus is unlikely to become clear until the ports

Potential risks from the fallout of IMO 2020 are lying dormant as the industry stares down the immediate challenge of a sharp downturn in global seaborne trade. A combination of weaker demand due to the coronavirus and warm winter, strategi

Hong Kong utility CLP Power has delayed the start of construction of the territorys first LNG import terminal to later this year, from an initial target of 2019. The delay means that commissioning of the terminal, which will use a floating

The sudden outbreak has brought a huge impact on all aspects of shipyard business in China. All kinds of data and information show that the shipyards in our country are facing a huge problem in the ship repair business and shipbuilding busi