The fourth and final conventional Yamal LNG carrier for the MOL-COSCO JV was delivered by the Chinese Hudong-Zhonghua Shipbuilding. A company official confirmed the delivery of LNG Megrez took place on October 31, noting that all the vessel

China, the worlds top crude oil importer, will raise its non-state crude oil import quota for 2021 by 20% on-year to 243 million tonnes, the countrys commerce ministry said on Monday. The country has been a critical market for oil producers

This is the second part of a two-part series looking at how COVID-19 has triggered contrasting fortunes in the global iron ore market. Part 1: Price bands narrow in year of contrasts The coronavirus pandemic has triggered a sharp contractio

2020 is a crisis year, yet the wind industry comes across as rather stable, compared to many other sectors: The mood in the global wind industry is increasingly seen in a positive light. The future of offshore wind energy in particular has

Global, sector-focused law firm HFW has boosted its market-leading shipping practice with the hire of senior partner Paolo Ghirardani. Paolo joins HFWs London office on 2 November from Stephenson Harwood, where he had been a partner for alm

ITIC - International Transport Intermediaries Club is warning its ship and port agent members to be aware of approaches from people traffickers attempting to smuggle illegal immigrants through their ports. Traffickers, pretending to be ship

INTERCARGO, the body representing the interests of dry bulk sector operators, has learned that in a number of instances, charterers in the dry bulk sector have been preventing much needed crew changes from taking place during the period of

COSCO SHIPPING Development announced that it will charter ships to COSCO SHIPPING Lines according to the asset leasing framework agreement. As the chartering term for 74 ships under the agreement will expire, the company will enter into a g

On October 31, the first ship construction ceremony of COSCO SHIPPING and PetroChina International was successfully held in Hudong Shipyard. On June 30th, the Cloud Contract Signing ceremony was held for COSCO SHIPPING and PetroChina Intern

The shortage of containers still cannot be solved, freight rates are rising on most service routes Ningbo Containerized Freight Index：In the week ending Oct-30, Ningbo Containerized Freight Index (NCFI) issued by Ningbo Shipping Exchange

Crude throughputs at Chinas refineries extended the falling trend in October, with both state-owned oil companies and independent refineries cutting run rates amid weakening refining margins. Combined run rates at the four state-owned oil c

Like most nations, Indian oil demand has come under considerable pressure in 2020 as covid-19 derailed the countrys continual demand growth. Nevertheless, the longer-term prospects for Indian oil consumption are good with demand already reb

Courtesy of Kawasaki Heavy Industries, Ltd. Having been already been applied to a ship construction project, ClassNK guidelines to support liquefied hydrogen transportation provide a significant roadmap towards a hydrogen society As a zero-

On October 29, at the 14th SHIPTEC CHINA, Dalian Shipbuilding Industry said that it would make full efforts to enter the LNG carrier market. Over the years, DSIC has been working with GTT and many classification societies, and through conti

French energy giant Total is continuing to expand its fleet of LNG tankers. Following the two LNG-powered VLCCs in the first half of this year, Total will charter four new LNG-powered Aframax tankers, which may be built by Guangzhou Shipyar