Zhoushan, China ( Photo from Wikipedia) Chinas bunkering business is said to be closely catching up with that of Singapore. And Chinas 2021 marine fuel sales are predicted to increase to 20 million tons, or forty per cent of Singapores tota

The first half of this year saw the strongest wave of shipbuilding, with 208 owners spending money on new vessels, building a total of 829 vessels with a total of 65.11.4 million DWT. Seaspan of Canada, which ordered 40 vessels with a total

China has begun building a $1 billion natural gas import and storage base in the southern coastal province of Guangdong, a project in which U.S. energy major ExxonMobil XOM.N is advancing discussion with partners for a joint investment. Exx

Prior to the pandemic, Australias relationship with China was at times strained, but generally uneventful. Despite Beijing giving federal cabinet the silent treatment on multiple occasions, the flow of trade between Australia and China cont

The international freight transport organisations of the Cargo Integrity Group are calling for urgent action from actors in global supply chains to reduce the risk of pest transference through international cargo movements. The five partner

On July 22, Shanghai Waigaoqiao Shipbuilding signed and delivered the second 114,000DWT Aframax crude carrier SEA URCHIN built for PTM in Greece. SEA URCHIN was independently designed by Waigaoqiao Shipbuilding, with a total length of 249.9

On July 23, China Shipbuilding Trading, successfully undertook a new project to build 2+2 210,000DWT bulk carriers for a well-known European shipowner, jointly with Qingdao Beihai Shipbuilding Heavy Industry. The contracted ship type adopts

The Panama Maritime Authority, in collaboration with the Ministry of Foreign Affairs of Panama, have renewed the Agreement on Maritime Transport between the Government of the Republic of Panama and the Government of the Peoples Republic of

On July 23, Guangzhou Shipyard International, China Shipbuilding Trading and CMB Financial Leasing signed the project of two 16000TEU container ships. This project is the first batch of 6 16000TEU super vessels undertaken by Guangzhou Shipy

Transportation demand remained high, the composite index continued to rise Ningbo Containerized Freight Index: In the week ending Jul-16, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange (NBSE) quotes 3567.6 poin

Another week of static rates on the whole in this sector. In the Middle East rates for 280,000mt to US Gulf (routing via the Cape/Cape) remains at the WS18-18.5 level while rates for 270,000mt to China are stuck at around WS31.5 (showing a

OPEC Agreement? So, after several weeks of behind the scenes talks and political wrangling, the OPEC+ alliance has once again found a way forward in its quest to manage oil supply. The disagreement centered on production baselinesfrom which

On July 22, China Shipbuilding Trading and Dalian Shipbuilding Industry signed a contract to build a 155,000DWT shuttle tanker with Shanghai Northsea Shipping. The contract is the second vessel ordered by Northsea Shipping under the 1+1 155

In the second quarter of 2021, Chinas Shipbuilding Capacity Utilization Index (CCI) was 706 points, an increase of 138 points from the second quarter of 2020, a year-on-year increase of 24.3%; An increase of 54 points from the first quarter

On July 22, the worlds first airborne SCR marine low-speed engine CSSC WinGD X52, independently developed by China Shipbuilding Power (Group), a subsidiary of CSSC, and built by Dalian Marine Diesel (DMD), was officially launched to the wor