After nearly four days at sea Tiankun, the first self-designed cutter suction dredger in Asia, which was independently designed and built by China, successfully completed its first sea trial. Navigation performance verified A review of oper

Oil prices rebounded strongly on Tuesday amid reports that the U.S. State Department said it will require companies to cut all oil imports from Iran to zero by November. Companies that buy Iranian crude oil must completely cut those exports

China will lower tariffs on imports from some Asia-Pacific countries beginning in July, according to an announcement released Tuesday by the Customs Tariff Commission of the State Council. The list of over 8,500 goods and items applicable t

On Marine Money latest magazine issue- The Bankers Issue Out Now! In this years Shipping Portfolio League Table 2017, The Export-Import Bank of China beats DNB, KfW IPEX-Bank and BNP Paribas to become the worlds largest shipping bank and th

ILLUSION PLUS, Chinese-built super yacht and the largest super yacht in Asia, started the seatrails after departing from the port in Yantai, China, and successfully finished its sea trial on 24th June, 2018. M/Y ILLUSION PLUS, this most exc

Imported iron ore market remains robust amid partial price hike in the light of upward fluctuation in futures market. Partial traders hiked offers by RMB5-10/tonne. Currently, spot transaction was concentrated on mainstream iron ore resourc

The Emirates Sana container ship left Xiamen for the United Arab Emirates on June 18, marking the launch of a new foreign trade route at Xiamen port. Built in 2006, the 100,000 ton cargo ship is 304 meters long and capable of carrying up to

A freight vessel carrying 1,815 commodities from Incheon, South Korea, including cosmetics, electronic toothbrushes and sneakers, arrived at Yantai port on June 21. The arrival of the vessel came on the same day as the citys first internati

Pacific Basin Shipping, Hong Kongs leading bulk specialist, yesterday closed a US$325m revolving credit facility secured over 50 of the companys owned ships. We are very pleased with the terms of this important new milestone transaction for

Japans Mitsui OSK Lines yesterday revealed it has entered into a preliminary agreement with Hong Kong energy provider CLP Power to supply a Floating Storage and Regasification Unit, as well as Jetty Operation Maintenance Services for the Ho

China Merchants Port Holdings (CM Port) has invested the final tranche of USD 584.2 million in Sri Lankas Hambantota Port after acquiring an 85 percent stake in the port last year. The cheque to the effect was handed over to the Chairman of

The Port of Hong Kong saw container throughput slide 5.4 per cent in May to 1.73 million TEU compared to the same month last year when throughput totalled 1.82 million TEU. On a year on year basis May was the fourth month in a row that cont

Chinas imports of liquefied natural gas (LNG) rose in May as the country continued its switch from coal and oil to natural gas in a push for cleaner air. China imported 4.15 million tonnes of LNG last month, up 42.8 percent year-on-year, ac

1.ILLUSION PLUS, Chinese-built super yacht and the largest super yacht in Asia, started the seatrails after departing from the port in Yantai, China, and successfully finished its sea trial on 24th June, 2018. 2.China Merchants Po

Under the terms of the MoU, the Liberian Registrys technical competence will be employed to help shipyards and shipowners improve their innovative strategies. The CCS MoU has a particular focus on innovation and technology within the intern