Inventories of iron ore across Chinese ports rebounded this week, after three consecutive weeks of gains, as arrivals increased while steelmakers continued on-demand procurement. SMM data showed that iron ore stocks across 35 Chinese ports

The China Ningbo Containerized Freight Index (NCFI) has seen a significant drop in freight indices in the Australia and New Zealand route due to decline of shipment demand. NCFI, a wind vane of Chinas busiest ports freight rates for the int

On 12-15 November 2019, at the invitation of BAHRI OIL, the National Tanker Transportation Company of Saudi Arabia, Mr Wang Yongxin, President of CMES, headed for Dubai to attend the BAHRI OIL annual general meeting and participated in a se

Spot rates for shipping containers from Asia to northern Europe in the week ending Friday edged down by just 0.8 per cent to US$702 per TEU. Asia-Mediterranean rates fell by 2.4pc at $689 per TEU, according to the Shanghai Containerised Fre

1.China has signed 197 Belt and Road cooperation documents with 137 countries and 30 international organizations as at the end of October, says Chinas National Development and Reform Commission. 2.Seven crew members have been rescued and tw

China has signed 197 Belt and Road cooperation documents with 137 countries and 30 international organizations as at the end of October, says Chinas National Development and Reform Commission. From January to September, Chinas trade with Be

Seven crew members have been rescued and two remained missing after a Taiwanese cargo ship sank off the coast of the Chinese mainland province of Fujian Wednesday night. The cargo ship capsized after colliding with an unknown ship south of

The contradiction between supply and demand in Chinas steel market further eased in October, as supply shrank with cooling demand, which kept steel prices moderated, said the China Iron and Steel Association (CISA) on November 18. Official

Chinas comprehensive import price index for liquefied natural gas (LNG) rose over November 11-17, according to Shanghai Petroleum and Natural Gas Exchange (SHPGX). The LNG index, not including tax, came in at 3,487 yuan/t (about $497/t) las

On the afternoon of November 21, 2019, a delegation led by Ms. Clare Petrich, Commissioner and Managing Member of the Northwest Seaport Alliance visited COSCO SHIPPING headquarters in Shanghai and held talks with Mr. Zhang Wei, Executive Vi

Ongoing trade disputes and tensions around the globe, as well as the ever-changing trade and consumption patterns are not always negative in their impact on the logistics industry. This was spelt out at a number of presentations at the Asia

1.From January 1st of this year to the end of 2023, for ocean-going seafarers who sail for more than 183 days a year, their wages and salaries were reduced by 50% into the taxable income of the individual tax. 2.The Chinese central governme

Chinese authorities on Tuesday unveiled a guideline to further develop intelligent shipping as a new business model. The guideline, jointly released by seven government agencies including the Ministry of Transport and the National Developme

Singapores Sentek Marine Trading has placed an order with Chinas New Times Shipbuilding for the construction of four 158,000 dwt suezmax crude tankers. According to shipbroking house Clarksons, the vessels are scheduled for delivery in 2021

Fujian Yonghang Shipping has placed an order at Fujian Lixin Shipyard for the construction of a 22,500 dwt handy bulker. The vessel is expected to be deployed for domestic shipping operations upon delivery in 2020. Lixin Shipyard mainly bui