As the cost inflation is set to accelerate on higher insurance premiums, average vessel operating costs rose modestly for the second year in succession following two years of marked declines, according to the latest report published by glob

Chinas iron ore futures ended lower on Friday. The most active contract for January 2019 delivery finished the day session 4.61 percent lower at 497 yuan per ton. China has opened the domestically-traded iron ore futures to foreign investor

Chinas extension of its emission control areas to its entire coastline will be triggered within weeks in a move that is certain to encourage LNG-fuelled and other low-pollution shipping in the longer term. The regulations, which were announ

Overview The continued severity of the tanker market conditions has made owners dig deep into the oversupply of capacity. Still BIMCO expects the tanker fleet to keep growing. A short-term rate recovery is not expected, as it is maintenance

Xiamen Hairun container terminal was honored as the 2018 Asia-Pacific Green Port by the international organization APEC Port Service Network (APSN) during a port connectivity forum held in Singapore from Nov 15 to 16. Over the past year, th

Lebanons port of Tripoli and Chinese maritime transport company Cosco agreed on Wednesday to open a maritime line between China and the port for regular export of Chinese products, local media reported. The line is set to open on Dec 24, ac

To paraphrase Mark Twain, news of the death of Hong Kong Port has been greatly exaggerated. In fact, according to the Group managing director of Modern Terminals, Peter Levesque, the port is on the verge of a new lease of life. Addressing a

1.New Dayang Shipbuilding, restructured from the bankrupt Yangzhou Dayang Shipbuiling, has been newly established and is now officially in operation. 2.The International Maritime Organization (IMO)-led GloMEEP project has delivered a traini

HONG KONG-Listed Orient Overseas (International) Ltd is to launch the sale process of its container terminal in the US west coast port of Long Beach, California in December in a deal that is expected to far exceed the companys US$2.4 billio

Dry bulk shipowner Pacific Basin has closed a $40m seven-year term loan facility with Danish Ship Finance. The facility is an extension of Pacific Basins existing term loan with Danish Ship Finance and is secured by the same 19 vessels curr

The oil complex moved sharply lower Tuesday as a second day of sliding equities increased concerns that global macroeconomic woes could pressure oil demand. ICE January Brent settled $4.26 lower at $62.53/b and NYMEX January WTI settled $3.

The International Maritime Organization (IMO)-led GloMEEP project has delivered a training course in China last week to help maritime administrations and classification societies play their part in an ambitious scheme to collect fuel consum

Chinas Cosco Shipping Ports and PSA Corporation signed a memorandum of understanding (MoU) for the addition of two new berths at the Cosco-PSA Terminal in Singapore. With the launch of the two new berths, CPT will be equipped with five mega

1.China has put a new container ship with a capacity of 1,140 standard containers into service on the countrys longest river, the Yangtze, as part of an upgrade of vessels on the waterway. 2.Cosco Shipping Specialized Carriers announced tha

New Dayang Shipbuilding, restructured from the bankrupt Yangzhou Dayang Shipbuiling, has been newly established and is now officially in operation. Yangzhou Dayang Shipbuilding was declared bankrupt and ceased all operations in 2017. Troubl