Shanghai’s New Shipping Bourse Faces Off London

China Daily
Friday, November 30, 2012

Shanghai Shipping Exchange launches the mainland's first dry bulk and oil import indices.


The new bourse will track bulk carrier and tanker trades with the world's largest consumer of commodities.


The China oil import index will provide better insight into shipping prices, and cater for the growing demands of businesses who need to have quick access to the latest shipping prices in China's domestic market, reports China Daily.


The new indices will also give China more say in the under-pressure global shipping market, especially as Shanghai continues its quest to become one of the leading international shipping centers.


The introduction of the two new indices means the exchange can provide detailed information on shipping prices of all major routes into China, including monitoring the movement of the country's four key commodities of coal, ore, grain and oil.

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

New Products

GasLog Orders Two LNG Carriers

GasLog Ltd. today announced that it has ordered two new 174,000 cubic meter LNG carriers from Hyundai Heavy Industries Co., Ltd. ("Hyundai") in South Korea.

Ondimar Firms Order Suezmax Quartet at Navantia

Navantia and Maritime Transport Ondimar LDA (shipping company Ibaizabal Group) today ratified the contracts signed in late June and the financial structure for

Strategic Marine’s Stock Program Full Power Ahead

Strategic Marine, the specialist shipbuilder and fabricator, has confirmed its stock program of personnel transport vessels is market-ready. “Our stock program

Tanker Trends

Asia to Northern Europe Shipping Rates Jump 177%

Asia to Northern Europe shipping freight rates for transporting containers jumped by 177.3 percent to $1.109 per 20-foot container (TEU) in the week ended on Friday,

Koole Expands Rotterdam Operations

Koole Terminals has begun operations at the storage facility for petrol and diesel in Pernis that it recently acquired from BP.   The companies have a long-standing relationship.

Coast Guard Monitors Oil Recovery Ops near Bayonne, NJ

Coast Guard crews are continuing to monitor oil recovery operations (ORO) in the water near the International-Matex Tank Terminal (IMTT) Bayonne, New Jersey, Monday.

Bulk Carrier Trends

Asia to Northern Europe Shipping Rates Jump 177%

Asia to Northern Europe shipping freight rates for transporting containers jumped by 177.3 percent to $1.109 per 20-foot container (TEU) in the week ended on Friday,

Taiwan’s Evergreen Resume Traffic in Iran's Shahid Rajaee Port

Taiwan’s Evergreen Marine Corp. has authorized one of its huge container ships to berth at Shahid Rajaei port in southern Iranian province of Hormozgan, reports Press TV.

CMA CGM Strengthens its Presence in Lebanon

The CMA CGM Group upgrades its Lebanese service by adding a call in Beirut on its EPIC line, joining North Europe to Indian sub-continent, and on its MEX line, joining the Mediterranean to Asia.

Energy

Totem Inks LNG Conversion Deal with Keppel

  Totem Ocean Trailer Express announced that it has signed a contract with Keppel Offshore & Marine Ltd, wholly owned subsidiary Keppel Shipyard Ltd for

Russia Submits Vast Arctic Territory Claims to UN

Russia has submitted its bid for vast territories in the Arctic to the United Nations, AP reported as the Foreign Ministry saying.   The ministry said in a statement that Russia is claiming 1.

S.Africa Considering Ship-Based Power Generation

South Africa could deploy power barges using gas to generate electricity to help overcome chronic supply shortages, a senior government official said on Tuesday.

Logistics

Asia to Northern Europe Shipping Rates Jump 177%

Asia to Northern Europe shipping freight rates for transporting containers jumped by 177.3 percent to $1.109 per 20-foot container (TEU) in the week ended on Friday,

CMA CGM Vivaldi Docks at Halifax Port

The Port of Halifax, Nova Scotia, may be getting a new lease on life with the arrival on August 3 of the CMA CGM Vivaldi at Halterm International Container Terminal.

Southeast Asia Turns into a Piracy Hot Spot

According to data from the International Chamber of Commerce’s International Maritime Bureau, pirate attacks in Southeast Asia hit a 12-year high in the first six months of 2015.

Consulting

Jonathan Appointed LOC Group's London MD

In line with LOC’s continual global growth and strengthening of the senior management team,  Britain has been appointed as Managing Director of the London operation.

Ross is Fleet Manager, Heidmar

Heidmar announced the promotion of Duncan Ross to Fleet Manager. Duncan joined Heidmar’s London office in 2012 as vessel manager.  Prior to joining Heidmar,

Rolls-Royce Takes Davies on Board

Rolls-Royce appointed Alan Davies as a Non-Executive Director. He will join the Board with effect from November 1, 2015 and will become a member of the Nominations and Governance Committee,

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1089 sec (9 req/sec)