COSCO Shipping Development (Hong Kong), a subsidiary of Cosco Shipping Development, has entered into a sale and leaseback agreement with Japanese leasing outfit Financial Products Group (FPG) for four of the companys box ships. Under the ar

Chinas first support ship customized for the domestically developed 10,000-meter-deep manned submersible was launched in Mawei District of Fuzhou City in east Chinas Fujian Province on Sunday. The ship has a total length of 87.2 meters, a w

Chinas imports of natural gas surged 31.9 percent year-on-year to 90.4 million metric tons in 2018, setting a record, according to the General Administration of Customs. It also demonstrated that most of the liquefied natural gas came from

Danish shipping conglomerate A.P. M?ller Maersk A/S has taken delivery of Vilnia Maersk, a 3,600 TEU containership, from COSCO Zhoushan Shipyard. According to a stock exchange annoucement, Shanghai NSE supplied main switchboard for the vess

Chinas iron ore futures closed higher on Monday. The most active contract for May 2019 delivery finished the day session up 0.98 percent to 513 yuan per ton. China has opened the domestically-traded iron ore futures to foreign investors sin

Both freight and passenger transport in Xiamen Port in east Chinas Fujian Province reached a record high in 2018, with its container throughput ranking the 14th around the globe. According to statistics, the annual cargo throughput of Xiame

Two Chinese shipbuilding companies have expressed intent to invest in the largest Philippine shipyard, debt-riddled Hanjin Heavy Industries and Construction Philippines, the Department of Trade Industry (DTI) said. Drowning in debt, the Phi

On the morning of January 10, a delegation led by Mr. Mo Jianhui, Vice President of China Classification Society (CCS), visited COSCO SHIPPING and held talks with Chairman of COSCO SHIPPING Capt. Xu Lirong on issues of common interests. The

On January 7, Chinas Shanghai Waigaoqiao Shipbuilding (SWS), a subsidiary of China State Shipbuilding Corp. (CSSC) has officially announced that it has set up a specialized team for the design of large cruise ships. Specialized Ship Design

Spot rates for shipping containers from Asia to northern Europe in the week ending Friday dropped 1.7 per cent to US$979 per TEU, according to the Shanghai Containerised Freight Index (SCFI). Asia-Mediterranean trade declined 1.7 per cent t

Chinas manned submersible Shenhai Yongshi (Deep-Sea Warrior) finished its first diving this year on Tuesday in southwest Indian Ocean with a harvest of deep-sea samples. The submersible was placed into the sea at 07:30, and dived for over n

S ingapores 2018 Maritime Performance Sustained overall growth; container throughput grew by 8.7 per cent The Port of Singapore maintained a stable performance in 2018. Container throughput grew by 8.7 per cent to 36.6 million twenty-foot e

Chinas foreign trade volume reached 30.51 trillion yuan in 2018, up 9.7 percent year-on-year, reaching a record high in import and export volume, said Li Kuiwen, spokesperson of the General Administration of Customs (GAC), at a news confere

1.Chinas latest liquefied natural gas (LNG) carrier Fanfei was delivered to its user on Tuesday at the Changxing Island of Shanghai.The 290-meter-long carrier is the same size as a medium aircraft carrier.The maximum LNG it can hold is 104

Xinde Marine News Green ShipTech Seminar, conducted by Xinde Marine News, sponsored by LeesGreen Ballast Water Management, Pure Ocean Tecnology and with supporters of the Marshall Islands Registry and DNV GL, has ended with great success on