World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 154.9 million tonnes (Mt) in May 2018 , a 6.6% increase compared to May 2017.
News ID: 80094 Publish Date : 2018/06/28
On Saturday afternoon, the Odfjell tanker Bow Jubail struck a jetty at the Port of Rotterdam, rupturing her hull and releasing an estimated 220 tons of bunker fuel into the water. No injuries were reported, and she berthed without further incident.
News ID: 80091 Publish Date : 2018/06/25
China has outpaced Japan to become the world's largest importer of natural gas, a welcome sign for the developers of liquefaction plants in the Pacific Basin and beyond.
News ID: 80089 Publish Date : 2018/06/25
South Korean liner operator SM Line Corporation said it had achieved its goal of becoming a specialist trans-Pacific carrier after opening a solo service to the west coast of North America. This adds to its China Pacific Express service, launched in 2017, to connect Long Beach with various east Asian ports.
News ID: 80040 Publish Date : 2018/05/22
Germany’s Port of Hamburg saw a 7.5 percent decline in its total throughput during the first quarter of this year.
News ID: 80038 Publish Date : 2018/05/22
Tankers:
The rise of oil prices in the past few weeks will translate into higher bunker costs, but not change the current balance in the market and thus freight rates.
News ID: 78804 Publish Date : 2018/04/23
Despite the fall in activity in the S&P market for dry bulk carriers compared to 2017, prices have continued to edge higher.
News ID: 78797 Publish Date : 2018/04/19
Despite recycling a majority of tonnage annually, South Asian countries have been repeatedly questioned about the environmental viability of such activity. This is despite the fact that almost everything on an end-of-life and the ship itself is recycled and reused, which adds to the sustainability of our natural resources.
News ID: 78796 Publish Date : 2018/04/18
Saudi Aramco on Wednesday announced a $44-billion deal to build a giant refinery complex in India with three Indian firms that will become a crucial new outlet for the world's biggest supplier.
News ID: 78792 Publish Date : 2018/04/17
A top-heavy delivery schedule and sluggish demand may force shipping lines to lower 2018 transpacific contract rates.
News ID: 78791 Publish Date : 2018/04/16
Low prices seem to be the main reason behind the trend of rising newbuilding orders for tankers.
News ID: 78788 Publish Date : 2018/04/13
World Bank:
The World Bank warned that a trade war between the U.S. and China will hurt economies in Southeast Asia since they rely on exports for growth.
News ID: 78787 Publish Date : 2018/04/13
DP World Australia announced the signing of a long-term partnership extension regarding service of CMA CGM Group vessels by DP World Australia at its terminals in Brisbane, Sydney, Melbourne and Fremantle.
News ID: 78786 Publish Date : 2018/04/13
With India’s high economic growth and the improvement of container market, Hyundai Merchant Marine (HMM) has been aggressively expanding its sales activities within the region. HMM currently operates seven services and ten vessels between Asia-India, and its export volume from India last year increased almost 70% year-over-year.
News ID: 78785 Publish Date : 2018/04/14
China’s investment in Belt and Road countries could reach $300 billion by 2030, more than double the current level, predicts Standard Chartered.
News ID: 78772 Publish Date : 2018/04/05
Emerging future weather patterns have the potential to affect northern shipping between the Bering Strait and Atlantic Ocean as well as future rainfall in Central America, where the viable operation of the Panama Canal depends on reliable rainfall in a nation that depends heavily on hydroelectric power.
News ID: 78771 Publish Date : 2018/04/05
Japan's Ocean Network Express (ONE) announced the commencement of container shipping businesses on April 1, 2018 .
News ID: 78769 Publish Date : 2018/04/04
On Friday, the U.N. Security Council added 27 ships to its blacklist for alleged involvement in North Korean smuggling, including 12 vessels owned outside of the DPRK. The resolution contains the largest new list of U.N.-designated vessels yet, and it includes much more detail than previous announcements.
News ID: 78768 Publish Date : 2018/04/04
German container shipping line Hapag-Lloyd on Wednesday said it expected to improve earnings this year thanks to synergies from the merger with Gulf peer UASC and rising transport volumes.
News ID: 78766 Publish Date : 2018/04/03
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 139.4 million tonnes (Mt) in January 2018 , a 0.8% increase compared to January 2017.
News ID: 78691 Publish Date : 2018/03/03