There are emerging signs that crude oil demand is gradually recovering in major Asian countries outside China, a key pre-condition to sustaining any bullish view of the market. While Chinas crude imports have been record-breaking, with the

Dalian coke futures hit a fresh contract high on Tuesday, as producers of the steelmaking raw material in China reduced output capacities to support prices. The most-traded January coke contract on Chinas Dalian Commodity Exchange closed 1.

By 15 October, 11.4 million tonnes of soya beans had been exported by the US, an 85.3% jump from the first seven weeks in the previous marketing year. It is also 19.4% above the previous record in the 2017/2018 marketing year in which 9.6 m

OOCL released its third-quarter operating summary on Oct. 23. During the reporting period, OOCLs cargo volume rose 9.5% from a year earlier, while revenue rose 16.3% to $1.914 billion. In terms of routes, in the third quarter, OOCLs cargo v

On October 26, DSIC held a naming ceremony for the 115,000 dwt crude /product tanker No. 44 built for Maersk Tankers. Ms. Lily Wang named the new ship MAERSK SARA. The ship is 250 metres in length, 44 metres wide and 21.9 metres deep, with

Chinas actual finished steel demand may grow 5% on year for 2020, Luo Tiejun, vice chairman of the China Iron Steel Association (CISA), shared at a recent stainless steel event in China, according to a CISA post. Chinas steel demand decline

The Baltic Exchanges main sea freight index, which tracks rates for capesize, panamax and supramax vessels, fell on Monday, on lower rates for capesize vessels. The Baltic index fell 13 points, or 0.9%, to 1,402. The capesize index fell 54

During25 26 October 2020,three incidentsof armed robbery against ships occurred on board ships while underway in theeastbound lane of the Traffic Separation Scheme(TSS) in theSingapore Strait The incidents occurred within intervals of two h

Feng Bo served as deputy general manager of COSCO Shipping Group. Mr.Feng Bo holds the position of President of COSCO SHIPPING (North America) and COSCO SHIPPING Lines (North America). Prior to his US assignment, he held the position of Gen

The smart VLGC and NH3 powered VLGC developed by Jiangnan Shipbuilding were awarded the AIP certificate by LR on October 16! This is the first time in the world that the NH3 powered ship has been approved. With the increasingly stringent in

With IMO targeting a 50% reduction in greenhouse gas emissions by 2050, LNG is becoming a natural choice for shipowners in the transition to carbon-neutral fuels. Methane slip regulations are a possibility on the horizon, but Alfa Laval and

China is stocking up on grains, metals and other commodities, providing a boost to industrial bulk shipping companies as Beijing braces for a potential new wave of supply-chain disruptions from rising Covid-19 infections among the countrys

IMO forges ahead with development of new short-term measures to implement GHG strategy. Draft new mandatory measures to cut the carbon intensity of existing ships have been agreed by an International Maritime Organization (IMO) working grou

Chinas index of export container transport edged up in the past week, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) stood at 1,054.34 on Oct. 23, up 0.1 percent from a week earlier, accord

Brazil jumped to Chinas third-biggest crude oil supplier in September, import data showed on Sunday, as Chinas independent refiners scooped up cheap supplies of the South American exporters relatively high quality oil. Imports from Brazil h