Italys Eni and Chinas Zhejiang Energy signed a Memorandum of Understanding (MoU) on strategic cooperation across the gas and LNG value chain in China and internationally. The MoU establishes a cooperation framework and builds on the compani

China National Offshore Oil Company, or CNOOC, said on Tuesday its gas and power unit would fuel 50 gas-powered vessels to be built by a state-run shipping group as part of the countrys gasification push. The vessels, all for dry bulk shipm

Chinese shipyard Yangzijiang Shipbuilding Group Ltd has built a VLOC for Kukje Maritime Investment Corporation (Kmarin) of the Republic of Korea, the Chinese shipbuilder said. The ore carrier measuring 340 meters in length and boasting a ca

Products targeted for exports piling up on wharves as raw material costs increase rapidly due to contagion constraints Surging overseas orders for Chinese goods are creating rising pressure on ports and shipping companies, and related parti

Chinas benchmark iron ore futures dropped on Wednesday, as the countrys environmental policy implementation weighed on demand for the steelmaking ingredient, while traders were shifting positions for most-traded contract ahead of May delive

COSCO SHIPPING Development Co., Ltd. announced the consolidated results of the Company and its subsidiaries (the Group) for the year ended 31 December 2020(the Period). In early 2020, the COVID-19 pandemic swept the world and hit the global

Once again seafarers are falling victim to the lack of focus and joined up thinking from leaders of governments and the maritime industry, which has become apparent during the current on-going crew change crisis. The vaccination lottery tha

Seaspan Corporation (Seaspan), a wholly owned subsidiary of Atlas Corp. (Atlas) announced that it has entered into an agreement with Jiangnan shipyard for six 15,500 TEU modern newbuild container ships (the Vessels) with anticipated deliver

Shipping operates 24 hours a day, seven days a week, and 365 days a year, and is responsible for carrying more than 80 percent of the global trade by volume. Vessels transport not only big shipments such as crude oil or iron ore, but also g

On March 29, 2021, Hudong Zhonghua, a subsidiary ofCSSC, China Shipbuilding Trading, and Shenzhen Gas, signed a contract for the construction of 1+1 79,960m3LNGcarriers. The ship is propelled by two main engines, two propellers and operated

Chinas financial hub Shanghai has taken the top spot in total foreign trade volume last year, followed by Shenzhen and Beijing, according to a report released by Chinese financial news outlet Yicai. Chinas foreign trade grew by 1.9 percent

The Baltic Exchanges main sea freight index that tracks rates for ships ferrying dry bulk commodities declined on Tuesday, weighed down by muted demand across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax a

COSCO SHIPPING Ports Limited, the worlds leading ports operator, today announced full-year results of the Company and its subsidiaries (the Group) for the year ended 31 December 2020. 2020 Fourth Quarter Results Highlight Revenue increased

JiangnanShipyard, a subsidiary of China State Shipbuilding Corporation, held a christening ceremony forGAS VENUS, the worlds first new 86,000cubic meter LPG dual-fuel VLGCbuiltfor SouthwestMaritime on March 28. The completion of the ship ma

A record 498,000 tons of pyrite cinder have been returned overseas, the largest amount of smuggled solid waste in China, according to local customs in North Chinas Tianjin Municipality. The smuggled waste was seized, with four suspects nabb