Models of oil barrels and a pump jack are displayed in front of a rising stock graph and $100 in this illustration taken February 24, 2022. REUTERS/Dado Ruvic/Illustration
 Residual fuel oil stocks at key trading hub Singapore climbed to

Containers are unloaded from a ship at a port of Qingdao, East Chinas Shandong province. [Photo/Xinhua] BEIJING -- Chinas bulk commodity market saw improving fundamentals in March with a marked increase in sales as demand rebounded, industr

The April edition of the container market global forecaster by Container xChange studies the key developments from the first three months of 2023 (January March) and reflects on the forecasts for the coming quarter(s). The forecaster is a r

HONG KONG, Apr 7, 2023-(ACN Newswire)-On March 28, CIMC Group (000039.SZ/02039.HK), a world leading supplier of logistics and energy equipment, announced its audited results for the year ended December 31, 2022 (FY2022 ). 1. FY2022 Key High

On April 6, China State Shipbuilding Corporation (CSSC) and CMA CGM signed an agreement in Beijing to build 16 large container ships, worth more than 21 billion Yuan, setting a new record for the largest amount of money in container ships o

Xuelong 2, Chinas first domestically built research icebreaker, arrives in Shanghai on April 6. [Photo/CCTV] Chinas latest scientific expedition to Antarctica concluded on Thursday as mission members returned to their home base in Shanghai.

Chinese shipping group COSCO recorded net profits from container shipping activities of USD 20.3 bn for 2022，with junior partner OOCL generating nearly half of that figure. At group level, revenues rose from USD 50.8 bn to USD 57.1 bn in

Orient Overseas Container Line (OOCL) announced that its total revenues dropped by 57.8% to approximately US$2.2 billion in the first quarter of 2023, compared to the same period in the previous year. Additionally, the COSCO-owned container

A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. REUTERS/Issei Kato Asian spot liquefied natural gas (LNG) prices remained flat this week at the lowest level s

Technology group Wrtsil has launched a new Fast Recovery tool that will ensure customers business continuity in the event of a software-related incident. The system will enable customers to reduce reputational and financial damages, minimis

Shipowners and maritime regulators should aim for significant improvement in energy efficiency and cut fuel consumption by 2030 to align with the Paris Agreements climate goal to limit global warming above 1.5 degrees Celsius above pre-indu

China regained the top spot in shipbuilding orders in March, beating archrival South Korea and with 39% of the global orders. According to data released by Clarkson on Friday, China ranks first in the world with a market share of 39% (950,0

Market sentiment turned positive for the first time since September 2022, as theShanghai Containerized Freight Index (SCFI)recovered mildly in the week ended 2 April, according to Linerlyticas latest report. The rebound was supported by imp

Dalian Shipbuilding (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC), has begun the construction of the 10th LNG-powered 16,000 TEU container ship for the Swiss shipping line Mediterranean Shipping Company (MSC). Works on

One of the worlds leading container terminal operators, APM Terminals, part of A.P. Moller - Maersk, has announced the expansion of its Maasvlakte II terminal in Rotterdam. The project involves a site of approximately 47.5 hectares with 1,0