1.The Organization of the Petroleum Exporting Countries has forecast that Chinas crude oil demand will surge next year. 2.China Tianjin Container Freight Index (TCI) stood at 526.30 points on Thursday, up 0.05 percent compared with the prev

On the 15th of July, Maersks first fully automated warehouse in China came into operation. Located in Ningbo, it is part of Maersks Meishan International Logistics Center project, which is managed by Maersk Joint Venture. The new facility e

OPEC says countrys consumption recovery building momentum as economy rebounds The Organization of the Petroleum Exporting Countries has forecast that Chinas crude oil demand will surge next year, as the nations economic activity recovers st

China Tianjin Container Freight Index (TCI), an indicator of Northern Chinas international container freight rates, stood at 526.30 points on Thursday, up 0.05 percent compared with the previous working day. The statistical samples of TCI c

The Baltic Exchanges main sea freight index edged higher on Thursday, supported by gains in the capesize segment which snapped an eight-session losing streak. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities

Chinas daily crude steel output rose 2.4% in June from a month earlier, official data showed on Thursday, setting a second straight monthly record as mills cranked up production on robust construction activity and a pick-up in manufacturing

Saudi Arabias Energy Minister said on Wednesday that OPEC+ will ease its production cuts next month as planned. The group will reduce its cuts from 9.6mbpd currently in place to 7.7mbpd in August. However, it is unlikely to have any materia

On July 15, 2020, STL signed the ship transfer agreement with MISC BERHAD, and the company signed the ship chartering contract with Portovenere and Lerici (Singapore) Pte. Ltd.,a wholly-owned subsidiary of MISC. The companys subsidiaries Pa

In the first half of this year, CSSC Investment, a subsidiary of China State Shipbuilding Corp., made a total profit of 883 million yuan, 57% of its annual target. In the second half of the year, the Party Committee of the investment compan

Bernhard Schulte Shipmanagement (BSM), has launched a new Liquid Cargo training facility at its Maritime Training Centre in Cyprus. This, combined with a structured career progression model, will ensure BSMs LNG crews are highly trained and

1.Chinas second -- and the first domestically built -- research icebreaker, Xuelong 2, set sail on Wednesday from its homeport in Shanghai for its first Arctic expedition. 2.Chinese domestic tanker shipping operator Nanjing Shenghang Shippi

The global summit hosted by the UK Government on 9 July 2020 on the impact of COVID-19 on crew changes was attended by just fifteen countries. Thirteen pledged to take action to help cut through bureaucratic red tape preventing crew changes

Chinas second -- and the first domestically built -- research icebreaker, Xuelong 2, or Snow Dragon 2, set sail on Wednesday from its homeport in Shanghai for its first Arctic expedition. The mission is also the new icebreakers second polar

Coal handling at Zhoushan port in eastern Chinas Zhejiang province climbed 21.05% year on year to 2.66 million tonnes in June, China News Service reported. The port handled a total 13.92 million tonnes of coal over January-June, rising 12%

Chinas steel production dipped in early July, but still stayed near record highs. The China Iron and Steel Association (CISA) reported Tuesday that crude steel output across major mills in China averaged 2.13 million mt per day in the first