LNG spot prices in Asian markets have fallen further, but China may cut LNG imports in the third quarter due to sluggish demand. The price decline also hit domestic LNG producers. According to data released by Shanghai Petroleum and Natural

Chinas crude steel production shot up to a new record high in May on an uptick in demand from construction and manufacturing sectors as the country continues its gradual recovery from the fallout of the coronavirus pandemic. Crude steel out

Chinese rebar futures slipped for a second straight session on Wednesday as investors worried about surplus risks, with steel output in the worlds top metals consumer maintaining a robust pace of growth despite signs of weakening domestic d

To assist seafarers and their mental wellbeing in coping with the challenges imposed by COVID-19 pandemic, BIMCO compiles a list of useful resources to enable seafarers to seek free, immediate and direct help. Members are highly recommended

On June 16, Ministry of Transport issued a news release, announcing the following: Newly added transportation capacity and recommended ship types in 2020 In order to deepen the adjustment of transport capacity structure and guarantee the tr

COSCO SHIPPING Energy Transportation announced that its wholly-owned subsidiary, COSCO SHIPPING Tanker (Dalian), sold its 70% stake in Shenzhen COSCO Longpeng Liquefied Natural Gas Transportation with COSCO SHIPPING Investment Dalian for RM

1. International Transport Works Federation (ITF) issued a statement to seafarers saying simply, Enough is enough. 2.State-run Zhejiang Shipping Group has issued an tender seeking shipyards to construct two 51,000 dwt supramax carriers. 3.I

Maersk will begin implementation of an innovation called Snap Back Arrestor (SBA) ropes on the mooring lines used to hold vessels in place while docked in port for loading and unloading. Mooring is one of the most dangerous aspects of port

The International Transport Workers Federation (ITF) and its affiliated seafarers unions will now assist hundreds of thousands of seafarers to exercise their right to stop working, leave ships, and return home. London. UK. The issuing of th

After weeks of calling on governments to facilitate maritime crew changes and designate the millions of workers in critical transport industries as key workers, the International Transport Works Federation (ITF) issued a statement to seafar

The West of England PI Club said yesterday (16 June) it will acquire a significant stake in fledgling marine cyber insurance provider, Astaara Company Limited, based in London. West of England managers described Astaara as a company focused

The decline in box volumes at the Port of Hong Kong has eased during May, despite COVID-19 continuing to ravage large swathes of the planet. After throughput fell by 15.9% in January, partially due to an early lunar new year and the first e

There has been a massive 400% increase in attempted hacks on commercial shipping since February 2020, Israeli cybersecurity specialist, Naval Dome claimed earlier this month. The hacking onslaught began as the maritime industry turned to gr

Dalian and Singapore iron ore futures rose on June 16, as spot prices of the steelmaking ingredient held firm near 10-month highs on robust demand from Chinas steel mills and concerns over supply. Iron ore on Chinas Dalian Commodity Exchang

Chinas oil majors are planning ahead in Hainan province as they believe the package of preferential policies to build the area into a globally influential and high-quality free trade port will drive up local oil and gas demand. Hainan Oil R