Latest News

  • The impact of the epidemic on container shipping is moderating

    According to Sea Intelligence analysis, the novel coronavirus pneumonia outbreak continues to affect container shipping, but its impact is slowing down. The data from Sea Intelligence shows that since the outbreak of the novel coronavirus pneumonia in the Chinese New Year in January this...
    2020-03-20
  • "Smart Maritime" Helps Epidemic Prevention and Control

    In the past few days, the Chaozhou Maritime Safety Administration used information supervision platforms such as "Smart Maritime" to conduct crew information investigations, and explored the use of "non-contact supervision" to actively respond to epidemic prevention and control, while the...
    2020-02-25
  • Hyundai Heavy Industries Co.,Ltd Launches Artificial Intelligence Ship Operating System

    South Korean shipping company Hyundai Heavy Industries Co., Ltd. has begun to use a new ship operating system, which can reduce fuel costs by 10%. Hyundai Heavy Industries Co., Ltd. uses artificial intelligence and modern intelligent device management solutions to enhance its independently...
    2020-02-25
  • WHO Director-General Calls for Respect for the Principle of “Free Pratique”

    According to UN News, Mr. Tedros, WHO Director-General, said on February 12 Geneva time that the number of newly confirmed cases of novel coronavirus infection has stabilized, but we should take it prudently as the outbreak “could still go in any direction”. Outside China, 441 cases have been...
    2020-02-25
  • DP World Done Well in Q2 against Global Economics

    According to World Maritime News, despite the challenging global economic situation, DP World——Dubai-based container port operator, achieved great financial performance in the first half of 2019. During the period, DP World's profit had risen to $753 million from $593 million in the first...
    2020-01-09
  • COSCO Acquires 10% Shares of CCCC Dredging Group

    COSCO Shipping Ports Co. Limited (hereinafter referred to as CSP) issued a public announcement on August 23, claiming that Shanghai Terminal Development Co. Limited, a wholly-owned subsidiary of CSP, intended to sign a consortium agreement with COSCO SHIPPING Tianjin and one or more investors....
    2020-01-09
  • 2019 Q2 Net Profit: Tianjin Port at¥424 M and Yingkou Port at ¥574 M

    Tianjin Port (600717) published its performance for the first half of 2019. The company's operation income in the first half of the year was 5.957 billion yuan, an increase of 0.5% year-on-year. And its net profit was 424 million yuan, decreasing by 5.28% year on year. The earnings per share (...
    2020-01-09
  • OOIL Interim Results Turn Losses into Gains

    Orient Overseas (International) Limited (OOIL) announced its revenue of USD3.301 billion for the first half of 2019, 5.95% up compared to the same period of 2018.,with the gross profit of USD403 million, 64.4% up. Profit attributable to equity holders of the company for the first half of 2019...
    2019-10-15
  • The Acquisition of CSP, What For?

    COSCO SHIPPING Ports Limited (hereinafter referred to as CSP) issued a public announcement on August 23, claiming that Port of Shanghai, a wholly-owned subsidiary of CSP, intended to sign a consortium agreement with COSCO SHIPPING Tianjin and one or more investors. The...
    2019-10-15
  • Market Tendency for Bulk Carriers, Tankers and Container Ships

      According to available data collected by VesselsValue, the number of dry bulk vessel transactions globally fell by about 14 percent in 2018 compared with last year, although the Baltic Dry Index (BDI) is at a five-year high and the market has thrived in the early period of...
    2019-06-24