A new freight train service has been launched linking Jinan, capital of east Chinas Shandong Province, and Budapest, capital of Hungary, making it the newest China-Europe freight train route. According to Xinhua, this is the fifth freight t

Chinas crude oil output gained 2.5 percent year-on-year in July, data from the National Bureau of Statistics (NBS) showed Wednesday. The growth accelerated from a rise of 1 percent registered in June, according to the NBS. The countrys crud

Just as much salvation has been brought to the world due to developments in marine industry in terms of better technology, there is no denying the fact that simultaneously the natural balance of things has had to pay a price. With ship tran

China plans to build an efficient and environmentally friendly freight system in its western region by 2025 through expanding railway networks and sea ports, according to the latest plan by the National Development and Reform Commission (ND

Guangxi province in southwestern China ramped up coal shipments via railway to Hengzhou power plant, one major coal-fired utility in the province, to meet surging power demand amid scorching weather. Electricity consumption jumped quickly f

Sinanju inks time charter agreement for Singapores first LNG dual-fuel powered bunker tanker Will deliver ExxonMobil low-sulphur marine fuels from Q1 2020 Sinanju Logistics Services, the tanker operating arm of Sinanju Tankers Holdings (Sin

In a study published in June by Norways SINTEF, one of Europes largest independent research organizations, Chief Scientist Dr. Elizabeth Lindstad concluded that from well-to-wake the continued use of heavy fuel oil (HFO) with a scrubber is

Good progress on our transformation. Improved cash return on invested capital at 6.9% and synergies of USD 1bn realized earlier than expected. As we continue to build capabilities within logistics and services, growth in revenue and gross p

1.China has decided to adjust the security level of Chinese ships sailing and intending to sail to the Straits of Malacca to level 1 from 22:00 on August 12, 2019. 2.Cosco Shipping International (Singapore) Co is expanding in Malaysia with

1 Shanghai Yet again Shanghai claims the title for the worlds largest container ship port with 42M TEU but its annual rate of growth has slowed, from 8.3% in 2017 to 4.4% this year. A major factor was slow domestic container growth. From Ja

Port Security and Modernization Asia Summit on 3 - 4 December in Singapore

Yang Ming Marine Transport Corporation (Yang Ming) held its 338th Board Meeting on August 13th, 2019 to approve its half year financial report for 2019. The consolidated revenues for the second quarter totaled NTD 40.4 billion (USD 1.3 bill

In response to the expected low seasonal demand, OOCL inform the withdrawal of the following Trans-Pacific sailings: Pacific China South 1 (PCS1) APL FULLERTON E/W: ETA Fuqing on August 24 in Week 34 for EASTBOUND, and ETA Los Angeles on Se

Chinas index of export container transport edged down last week, according to the Shanghai Shipping Exchange, reports Xinhua. The average China Containerised Freight Index (CCFI) stood at 817.64, down 0.7 per cent from a week earlier, the e

David Palmer, the chief executive at Hong Kongs Wah Kwong, one of Hong Kongs leading dynastic shipowners, has announced he will retire in September, after a 17-month tenure. Mr Palmer was recruited to help initiate a refocus of the companys