On September 7, CNOOC announced that Li Yong was appointed director, general manager of CNOOC, and removed from his position as deputy general manager of SINOPEC. Mr. Li previously served as vice president and party member of SINOPEC. After

Chinas bulk commodity market saw slower growth in August compared with July, industrial data showed. The China Bulk Merchandise Index, a gauge of domestic bulk commodity market growth, stood above the boom-or-bust line of 100 at 102.5 in Au

The Baltic Exchanges main sea freight index fell to its lowest in more than a month on Monday, as rates slipped across vessel segments. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for

Chinas soybeans import were the highest on record for the month of August, according to customs data, as the countrys pig herd continues to recover from the African swine fever epidemic, market sources said. China purchased 9.6 million mt o

Chinas iron ore imports in August fell 10.9% from a month earlier, easing from a record high in July on fewer shipments from big miners and port congestion, official customs data showed on Monday. The worlds top iron ore consumer brought in

China exported 36.6 million tonnes of steel products over this years January-August period, according to the latest statistics of Chinas General Administration of Customs (GACC) published on September 7. The decline in the eight-month total

Chinas crude oil imports in August rose 12.6% from a year earlier, down from record-high levels but still buoyed by hefty purchases made earlier this year when prices collapsed and as cargoes delayed by congestion clear customs at Chinese p

UAE based Engineering firm Aries Marine has announced their achievement of a major milestone with the completion of 1000 retrofit engineering projects. Aries Marines specialised division providing environmental and sustainable solutions to

In the afternoon of September 3, Shanghai Zhenhua Port Machinery Company held a signing ceremony for the construction project of 140-meter piling ship with CCCC First Harbor Engineering Company. The ship is a 138-meter-high piling ship with

On September 1, Fujian Provincial government decided to appoint Li Xinghu as chairman of Fujian Port Group. Chen Kexiang was relieved from the position of general manager of Fujian Provincial Transportation Group. State-owned Assets Supervi

A week after returning to the US wheat markets, Chinese buyers continue to seek US wheat, with the latest weeks export sales to China emerging as the second-largest of the current season, indicating buyers remain interested amid the country

Total imported iron ore inventories at the 45 Chinese ports grew for the second week by 635,100 tonnes or 0.6% to 113.7 million tonnes by September 3, as higher iron ore discharges from these ports had been offset by the ease of vessel cong

Chinas rail coal shipment reached 140 million tonnes in August, showed data from rail authorities. Coal stocks at Chinas key power plants could cover up to 23 days of use. Cargo delivery by rail in China grew 7.3% year on year to 308 millio

China Tianjin Shipping Index (TSI), an indicator of northern Chinas ocean freight rates for both international and domestic shipping markets, stood at 725.73 points on Friday, down 0.61 percent compared with the previous working day. The st

Successfully invoking force majeure under a charter party or other contract depends on many factors. One essential element for contracts governed by English law is that the agreement must contain a clause that defines what constitutes a for