Qinhuangdao port.

Up to 265 vessels are being forced to sit outside the Chinese ports of Tianjin, Caofeidian, Jingtang, Qinhuangdao, and Huanghua 

Cape Dover

Recovery seen in the dry bulk sector has prompted shipowners to invest in secondhand vessels.

China's coastal container fleet saw a solid growth in the first half. The average age of the overall coastal fleet is younger than the level seen in last year driven by the government's policy to encourage scrapping of younger vessels.

2015-built bulk carrier SBI Tango

Monaco-based Scorpio Bulkers has sold a pair of Ultramax bulkers for USD19 million each and leased them back from the buyer through a five-year bareboat charter agreement.

The number of newbuild bulkers ordered has soared. Credit: DIETMAR HASENPUSCH

The number of dry bulk carriers ordered up to the end of August has risen by 81% against the same period last year, with contracts for 132 vessels of 14 million deadweight tonnes (dwt) placed at shipyards.

Sinotrans Shipping grew its first half net profit by nearly 400% on the back of higher dry bulk freight rates, better daily TCE earnings, and high average revenue per teu in the container shipping sector.

Imabari Shipbuilding yard

Japan’s Mitsui & Co has booked a bulker duo from Imabari Shipbuilding.

A convoy of cargo-carrying trucks in South Africa

The global insurance industry sees Africa as the next big growth market, but access barriers remain a challenge.

Bulk discharge

P&I Club Skuld has raised the issue of rising customs fines in certain African states by issuing new guidance to its members.