Eastern Chinas Rizhao port plans to charge higher storage fee for coke cargoes that have long been stored at the port, sources said, as a way to alleviate the shortage of storage places. The port authority would impose 1-2 yuan/t for coke s

Bunker costs per TEU are set to increase by over 50% from January 2020 as the IMO2020 rules force global container lines to switch to more expensive low sulphur fuels. Calculations by MDS Transmodal using its online BAF Calculator suggest t

A greater number of containers were handled at Taicang Port in East Chinas Jiangsu province, neighboring Shanghai, constantly reinforcing the ports leading position in foreign trade along the Yangtze River. Statistics from the port show a t

One of the prevailing China narratives in commodity markets is that the trade dispute with the United States is weakening demand in the worlds biggest importer of natural resources. The problem is the numbers tell a somewhat different story

During 9 15 Jul 19, one CAT 41 incident of armed robbery against ships was reported to the ReCAAP ISC. The incident involved the theft of scrap metal from barge Sung Fatt 36 towed by tug boat, Sung Fatt 31 on 16 Jul 19 in the westbound lane

Veson Nautical announced new features designed to help users navigate the IMO 2020 Sulphur cap regulations set to take effect January 1, 2020. Upon release, the new features will become a standard part of the Veslink IMOS Platform, Vesons m

Leading global shipment management software solutions provider, CargoSmart, announced the execution of Global Shipping Business Network (GSBN) Services Agreements with maritime industry operators CMA CGM, COSCO Shipping Lines, COSCO SHIPPIN

Container volume through the Port of Shanghai has increased 5.1 per cent year on year in the first half of this year, according to Shanghai International Port Group (SIPG). Looking at the monthly figures, Shanghai port handled 3.76 million

1.Shortly after it revealed plans for a new digital Danish Register of Shipping, the Danish Maritime Authority informed it reached an important milestone for digital certificates in Ningbo, China. 2.MacGregor, part of Cargotec, has received

The year-on-year declines in box volumes at the Port of Hong Kong have gained a depressing certainty about them as June marked the 17th straight month that could not match its predecessor from a year ago. Last month throughput fell 11.3% to

On the 2019 Fortune China 500 List released on July 10, COSCO SHIPPING Holdings took the 75th place, a continuous rise in its rankings over the past three years (91st in 2017 and 87th in 2018) after the restructuring. It demonstrated a sign

DUBAI - British Foreign Secretary Jeremy Hunt sought to ease tensions with Iran on Saturday, saying a seized tanker held in Gibraltar would be released if Teheran guaranteed the ship would not head to Syria. He said he had a constructive ca

The Baltic Exchanges main sea freight index hit a five-and-a-half-year high on Monday on the back of strong demand for capesize vessels shipping iron ore. The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 3.

On July 11 MAN Energy Solutions, Daewoo Shipbuilding Marine Engineering (DSME) and HSD Engine (HSD) have signed a strategic agreement to cooperate in the field of marine engine systems digitization. The signing took place in Copenhagen. Con

Beginning on 1 January 2020, all vessels worldwide will only be able to refuel using fuel with a maximum sulphur content of 0.5 percent this is the requirement of the global fuel guideline known as IMO2020. As of 1 March, no vessel will be