Latest News

  • 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
  • The Draft of E-Navigation’s Shipping Route

    During the SMART4SEA meeting in 2019, BørgeHetland, Director of Sales and Marketing Department from NAVTOR shared his experience in participating the European R&D Project of the company. He described the four steps of how the emerging technology would change the drafting procedure of...
    2019-04-23
  • Low-sulfur Heavy Marine Fuel Oil Launched in Shanghai

    Recently, low-sulfur heavy marine fuel oil is launched in Shanghai. After production, the first batch of 6,000 tons of fuel oil will be trialed in international shipping lines. According to International Convention for the Prevention of Pollution from Ships published by International...
    2019-04-23
  • World’s 1st Digital Survey Performed on a Container Vessel: Ship Owners Reap the Benefits but staff in Class to be Reduced

    Recently, classification society DNV GL has performed the world’s first digital survey on board container vessel MV Bardu built in 2014. The surveyor and principal engineer for DNV GL, Rolf Petter Hancke visited the vessel, and gave full insights into the maintenance data from the...
    2019-04-23
  • Strengthening the Comprehensive Environmental Management in Bohai Region, Shangdong Province

    A few days ago, the General Office of the Shandong Provincial Government issued the Shandong’s Battle Plan against Comprehensive Environmental Management in the Bohai Sea Region (referred to as the Plan. Before the end of this year, Shandong will establish the special inspection system...
    2019-04-23