Chinas comprehensive import price index for liquefied natural gas (LNG) declined last week, according to the Shanghai Petroleum and Natural Gas Exchange (SHPGX). The LNG index, not including tax and processing fee, came in at 1,888 yuan ($2

BULLS SHARE BUY-BACK PROGRAM WITH A MAXIMUM VALUE OF RP 270 BILLION PT Buana Lintas Lautan Tbk (BULL), the largest Indonesian oil and gas tanker company with a global footprint, today announced its first share buyback program. The managemen

China Harbour Engineering Company will be responsible for the construction of a new planned shipyard in Nigeria to provide services for the maintenance and repair of an increasing number of cargo, oil and LNG ships. This project is funded b

SITC International Holdings reported interim results for the period to the end of June, during which it still reported revenue of $743m, down just 0.42% on an annual basis. The companys shareholders profit during the period was US $119 mill

In July 2020, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 144.41points, up 8.46% from the previous month and up 3.75% year-on-year; the export trade ind

It may be a bit of an oversimplification, but in the current situation of the global coronavirus pandemic the world of commodities is effectively split between China and the rest. Nowhere is this more clearly illustrated than in the results

Some members of the OPEC+ group of oil-producing nations would need to slash output by an extra 2.31 million barrels per day (bpd) for a month to make up for their oversupply between May and July, an internal OPEC+ report seen by Reuters sh

On August 19, Group Chairman Miao Jianmin met with Zhang Xiaolun, Chairman of China National Machinery Industry Corporation Ltd. (Sinomach) in Beijing. Zhang Xiaolun introduced the evolution, industrial layout and advantages of Sinomach, as

Eight people have been confirmed dead and six others remain missing after an oil tanker collided with a cargo ship near the Yangtze River estuary, the maritime authorities in Shanghai said Saturday. The accident occured at 3:39 a.m. Thursda

Political Posturing For the oil and tanker markets, the Trump Presidency marked a notable shift in global politics, energy markets and international trade. Early on, the Trump Administration withdrew from the Paris climate agreement and soo

On July 31, ABB signed a purchase agreement with Shanghai Ming Wah Shipping, a subsidiary of China Merchants Group, to provide a fleet oriented ABB Ability Tekomar XPERT ship engine performance digital solution for Shanghai Ming Wahs 12 bul

Shanghai Marine Diesel Engine Research Institute won the bid for Hainan MSA H2388 cruise rescue ships on-board tail gas telemetry system project, achieving a breakthrough in the market for monitoring gaseous pollutants in ships. The ship bo

1.Three people have been rescued after two ships collided at the mouth of the Yangtze River at 3:39 am Thursday. 2.Hong Kong Container Terminal Operators Association are taking further actions to address the conditions of rest areas for con

Three people have been rescued after two ships collided at the mouth of the Yangtze River at 3:39 am Thursday, said the Shanghai maritime safety administration. The rescue mission to locate 14 other missing individuals is still ongoing. Acc

On August 19, CNOOC Limited announced its 2020 interim results for the six months ended June 30, 2020. Facing the unprecedented challenges in the first half of 2020, CNOOC Limited held fast to the bottom line of safe and healthy development