Price differentials for October-loading sour and sweet crude grades in Asia continue to trade at lower levels amid a frail demand recovery from Chinese independent refiners, market sources said in the week beginning Aug. 17. This was reflec

Located in the Yantai Economic and Technological Development Area, Bajiao Bay Marine Economic Innovation Zone has a planned area of 8.4 square kilometers and an investment of nearly 38 billion yuan ($5.49 billion). The zone is designed to a

The Oil Companies International Marine Forum (OCIMF) has today published a revised edition of the information paper Recommendations on the Proactive Use of Voyage Data Recorder Information. This information paper updates OCIMFs Recommendati

Asia will likely import record volumes of LPG in 2020 as firms snap up the fuel to make petrochemicals used in protective gear against the coronavirus, while households under lockdown ramped up purchases for cooking. The region will buy som

The Chinese government responded to the economic downturn caused by the coronavirus mostly by ramping up its investments in infrastructure. The latest data indicate that the industrial activity may accelerate further in the coming months. T

On August 17, The Export-Import Bank of China Zhejiang Branch and Ningbo Branch jointly extended 4.06 billion yuan of equity acquisition loan to Ningbo- Zhoushan Port Group. This is another deepening of cooperation between CEXIM and Zhejian

New Dayang Shipbuilding recently signed a contract for the construction of two CROWN63 bulk carriers with European owner OAL. Since 2020, 16 new orders have been received. CROWN63 bulk carrier, as the flagship product of New Dayang Shipbuil

1.Hudong-Zhonghua held on Wednesday a naming ceremony for the third Yamal LNG vessel owned by a joint venture consisting of compatriot Cosco Shipping and Japans Mitsui O.S.K. Lines. 2.China Shipping Chemical Carrier, a unit of Cosco Shippin

InterManager the international trade association for ship and crew managers has today published an open letter addressed to Mr Kitack Lim, the Secretary-General of the International Maritime Organization, on behalf of its members and associ

Port days and diverted voyages are having an unusually strong impact on market balances and will play a key role in the short term outlook London 20 August, 2020. Summer may be drawing to close in the northern hemisphere but for dry bulk sh

Chinas Hudong-Zhonghua held on Wednesday a naming ceremony for the third Yamal LNG vessel owned by a joint venture consisting of compatriot Cosco Shipping and Japans Mitsui O.S.K. Lines. The owners will take delivery of the 174,000-cbm LNG

In Q2 2020, A.P. Moller - Maersk improved profitability across all businesses through agile capacity deployment, cost mitigation initiatives and adaption to changed customer needs. The earnings improvement was achieved despite the sharp dro

Chinas crude oil output edged up 0.6 percent year-on-year to 16.46 million tons in July, slightly retreating from an increase of 0.7 percent registered in June, official data showed. During this period, China processed about 59.56 million t

INTERCARGO would like to express its sympathy to the people of Mauritius as they face the state of environmental emergency declared as a result of the grounding of the M/V Wakashio. No doubt once the facts are known, there will be valuable

Brookes Bell the global technical and scientific consultancy has hired a Fuel Services Technical Lead with more than 15 years of experience in environmental testing, to establish and manage its new fuel testing facility. Construction has ju