China is the worlds largest importer of crude oil and Russia is the second largest crude exporter. Much of the crude oil trade between the two countries, however, is piped and the short distance from Far East Russia to China also limits the

On April 28, the signing ceremony of CNOOCs medium and long-term FOB resource supporting LNGtransportationproject(phase II)was successfully held. Hudong-Zhonghua Shipbuildingand China ShipbuildingTrading, as joint sellers, and the buyerrepr

Following Huatai Circular PNI[2021]05 issued in April, 2021, the Ministry of Agriculture and Rural Areas has not published a new Circular to adjust the system of summer fishing ban in China. According to the Notice of Ministry of Agricultur

Hegh Autoliners announced that it has signed a contract to build an additional four new multi-fuel and zero carbon ready Aurora class vessels on the same terms and specifications as the first four vessels. The Aurora class vessels have attr

With the goal of building a leading investment company in Asia, Yangzijiang Financial Holding, which was established by the spin-off of the investment business department of Yangzijiang Shipbuilding Group, was officially listed. Through thi

On April 15, M.V. LE CONG, a vessel operated by COSCO SHIPPING Specialized Carriers, docked firmly at Berth No.17 of COSCO SHIPPING Ports Xiamen Ocean Gate Container Terminal. With the issuance of remote instructions, the 5G unmanned contai

Chinas transport sector notched an increase in fixed-asset investment in the first quarter of the year (Q1), the Ministry of Transport said Tuesday. In the January-March period, fixed-asset investment in the sector amounted to 636 billion y

On April 27, 2022, the launching of one 156,500 DWT Crude Oil Tanker bearing builders hull no.0315855 has been carried out successfully by New Times Shipbuilding Co., Ltd.. The companys Chairman Mr.Yuan Kaifei, CEO Mr. Liu Haijin and Execut

CNOOC Limited announced changes to its board of directors and senior management team. Mr. Xu Keqiang has resigned as the Chief Executive Officer of the Company and has been re-designated from Executive Director of the Company to Non-executi

INTERCARGO has launched the thirteenth edition of its Benchmarking Report, providing a unique and real time insight into safety standards in the dry bulk sector. A highlight of the Report was the finding that INTERCARGO members demonstrated

CAPE Holland announced that the worlds most powerful Vibro Lifting Tool, the CAPE VLT-640 Triple, has completed its work at the Kaskasi II Offshore Wind Farm. A lot of work went into preparation for the project since the initial stages, whi

SSY Futures Ltd announced that James Whistler, former Global Head of the SSY Futures Energy division, is moving on to head up a new venture, Vanir Global Markets Pte Ltd (Vanir), a Singapore based broker with a strong focus on Asian Energy

In September the maritime sector will gather for SMM 2022 to discuss key industry topics. The all-important question is: How can shipping achieve climate-neutrality rapidly? The leading international maritime trade fair combines the know-ho

Robust bunker checks are essential as compounds can lead to a myriad of operational challenges, as well as engine damage. Naeem Javaid, Global Operations Manager - Fuel Oil Bunker Advisory Services (FOBAS), Maritime Performance Services, LR

On April 22, three new refrigerated dangerous goods container yards in Xiamen port received first batch of cargo. These three refrigerated dangerous goods container yards are located in Haitian, Songyu and International Container Terminals