Shandong port city of Weifang has signed a strategic cooperation agreement with Shandong Port Group launching four new domestic container shipping routes.
The container volume of China’s eight major ports declined 4.4% for the past week, which is the first weekly decline since the middle of February this year.
China’s Ministry of Transport (MOT) has tightened regulations of crew changes involving Chinese nationals and vessels and barred all international crew changes.
Mediterranean Shipping Company (MSC) has unveiled a new flexible cargo service to meet an anticipated rise in demand for freight services from Asia once the impact of the coronavirus pandemic eases.
China’s state-owned oil firm Sinopec has confirmed that its Guangzhou refinery has started producing very low sulphur fuel oil (VLSFO) for the shipping market.
CSSC Offshore & Marine Engineering entered into equity transfer agreement with CSSC Holdings and CSSC Chengxi for internal consolidation of its offshore wind turbine and ship repair business.
A weakening of tanker time-charter earnings over this year can be expected as the tanker shipping market continues to be hit hard by the coronavirus outbreak, according to consultancy Maritime Strategies International (MSI).
Container shipping is “riding the storm” amidst the coronavirus outbreak even as disruption to China’s manufacturing output and port operations are creating a big reduction in the supply of containerised goods, according to consultancy Maritime...