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China’s economy showed “unmistakable” signs of recovery in the first quarter, with company profits, investment and hiring improving, but policymakers may be relying too much on extraordinary levels of credit, a private survey showed. The quarterly survey of thousands of Chinese firms by China Beige Book International (CBB) painted a surprising picture of a turnaround in business conditions after a poor fourth quarter that saw the weakest economic growth since the financial crisis. CBB’s findings were in contrast to mostly downbeat official data for January and February and other business ...

China called on Asian economies to seek greater economic integration to boost regional competitiveness so as to better address challenges amid rising protectionism and unilateralism. ‘Against the backdrop of economic uncertainties, Asian economies maintained a sound momentum of steady growth, contributing to around 60 percent of global GDP growth over the past decade or so,’ said Li Baodong, secretary-general of the Boao Forum for Asia, at a news conference on March 26 in Boao, Hainan province. Uncertainties mainly arise from protectionism and potential financial tightening, leading economists and experts said ...

Ports of Auckland is the first port in New Zealand and one of the few in the world to implement

In October 2018 Ports of Auckland received three 82.3m tall, 2,100T ship-to-shore container

As heating season production cuts are going according to their original plan, SMM

Global energy trader Mercuria Energy Group will be able to acquire bankrupt Aegean Marine Petroleum Network Inc in the coming week after a court approved the plan, Aegean said on Wednesday. Mercuria was a stalking horse bidder for marine fuel logistics firm Aegean during its Chapter 11 process. Following a ruling by the U.S. Bankruptcy Court for the Southern District of New York, Aegean will emerge from the process as a wholly-owned subsidiary of the Geneva-based trader. New York-listed Aegean entered the bankruptcy process in November last year after major ...

Freight transport on Germany’s inland waterways fell by 11.1 percent in 2018, the German Federal Statistical Office (Destatis) announced. According to Destatis, a total of 198 million tons of goods were transported via German inland waterways last year, a significant drop from 222.7 million tons in 2017. The reason for the “massive decline” would have been the low water levels of Germany’s most important inland waterways during the second half of 2018, according to Destatis. In the months from August to December 2018, transport volumes of German inland shipping fell ...

ChartCo’s flagship EnviroManager solution has racked up in excess of 1,250 orders, for use on vessels worldwide. The innovative system, which enables crews to effortlessly stay abreast of national, international and regional environmental regulations, has accrued such a positive reputation for user-friendliness and effectiveness that it has become the go-to environmental compliance solution for all client types, with fleet sizes ranging from one to over 200. Vessels presently using ChartCo products and services number more than 13,500, and over 30 companies across the globe deploy EnviroManager on their fleets. Four ...

Failure to comply with company procedures regarding entry into enclosed spaces can be fatal. This key shipboard operation sadly continues to cause injury and take lives every year, and in the following we briefly deal with the hazards, regulations and procedures involved in entering enclosed spaces. The most frequent hazards when entering an enclosed space are the following: • Oxygen depletion or enrichment • Carbon monoxide exposure • Hydrogen sulfide exposure • Toxic atmospheres • Flammable atmosphere Enclosed space means a space which has any of the following characteristics: • ...

In the changing dynamics of global architecture, the sea politics is getting complex with more focus on commercial activities and economic prosperity. Gwadar Port is the warm water and deep sea port of Pakistan. It is situated at the mouth of Persian Gulf, Strait of Hormuz and holds 2/3 world oil reserves. During its construction phase, from 1988-1992 small port was constructed. In 2007, General Musharraf inaugurated the port. From 2007-2012, Gwadar port remained under Port Singapore Authority (PSA) but due to its poor performance, the port was handed over ...

In February 2019, the volume of cargo transshipment from the US and Israel through the ports of Turkey amounted to 4.962 million tons, the Ministry of Transport and Infrastructure of Turkey told Trend . The volume of transshipment of goods from the US through the ports of Turkey amounted to 2.665 million tons during this period. “In February 2019, the volume of cargo transshipment from the US by ships flying the flag of this country amounted to 3,868 tons, and vessels flying the flags of other countries amounted to 2,566,800 ...

Some 880,000 mt of middle distillates from the US Gulf Coast are scheduled to arrive into Europe in March, including 540,000 mt bound for Northwest Europe and 340,000 mt for the Mediterranean, data from S&P Global Platts trade flow software cFlow showed Monday. Volume expected to arrive in April also began to stack up with 190,000 mt already en route to Europe to arrive at the beginning of the month. Five vessels left the USGC to head to Europe in the past seven days, the data showed. Fog in the ...

Russia’s Surgutneftegaz has issued a spot tender to sell a Urals cargo for loading from Primorsk port on April 10-11, which was added to the loading plan, traders said. The tender closes on March 27 at 1400 Moscow time (1100 GMT). This means overall Urals exports from Primorsk were increased to 3.7 million tonnes from 3.6 million and for both Baltic ports of Primorsk and Ust-Luga exports will rise to 6.5 million tonnes from 6.4 million, trade sources said. According to traders, Surgutneftegaz’s increased exports reflect decreased supplies to Russia’s ...

Japanese aluminium buyers agreed to purchase supplies for April to June at premiums that are as much as 27 percent higher than the previous quarter as spot premiums have climbed, five sources directly involved in the pricing talks said. The new premium PREM-ALUM-JP was set at $105 per tonne, up from the the $83 to $85 per tonne premiums in the January to March quarter, the sources said. This is the first increase in three quarters. Producers had originally sought premiums of $109 to $112 per tonne for the second ...

China’s largest coal company is lowering its operational targets for this year, while making a case for a rosier long-term outlook, according to a fiscal performance conference. State-owned China Shenhua Energy Company — whose shares are traded in Shanghai and Hong Kong — plans to produce 290 million tons of coal for commercial sales this year, down 6.6 million tons from 2018, due to what it called changes in its mining capabilities. Shenhua’s coal sales will likely drop around 34 million tons to 427 million tons — a 7% fall ...