Chinas shipbuilders received new vessel orders equivalent to nearly 14 million dead weight tons (dwt) over January-July, lower by 4.8% on year, according to the latest data released by China Association of the National Shipbuilding Industry

US cargoes are getting discharged at Chinese ports with heavy MEG volume. The trade pattern has the potential to support freight rates on long-haul routes and increase spot activity in 2H20. It is no news that the US-China tariff war has ru

The Baltic Exchanges main sea freight index inched up on Monday, as a jump in capesize rates offset lower prices for panamax vessels. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for ca

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