Chinese authorities on Monday released a master plan for the Hainan free trade port, aiming to build the southern island province into a globally-influential high-level free trade port by the middle of the century. A free trade port system

Shipbuilder PT. Graha Trisaka Industri, in Batam, Indonesia is building a pair of new TRAktor V-3200 tugs for China Petroleum Corporation (CPC), of Taiwan. The shipyard, with support from Robert Allan Ltd., was awarded the construction cont

To overcome the challenges of COVID-19, Diamond Line GmbH under COSCO SHIPPING Lines has leveraged the abundant feeder resources of the Port of Piraeus in Greece and introduced water-rail intermodal transport in Europe. The purpose is to ad

Oil prices settled mixed on Monday, following massive gains in the prior month. The West Texas Intermediate (WTI) for July delivery lost 5 cents to settle at 35.44 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude

The Ministry of Transport held a regular press conference in May to release information on the guidelines of NPC and the plan for the next step. External defense input, internal defense rebound is the focus of current epidemic prevention an

On May 29, China State Shipbuilding Corporation, Peoples Government of Guangdong Province and CNOOC signed the cooperation framework agreement on the power transformation project of inland waterway LNG ship in Guangdong Province. According

1.Sinopec has signed an investment contract with the government of Zhoushan city in China to build a 20 billion yuan LNG terminal. 2.Zhejiang Seaport Shipping had entered into shipbuilding contracts with Yangzijiang Shipbuilding for the con

The volume of crude stored on ships in Asia has come off the peaks seen earlier this month on a recovery in demand in China and India, trade sources and analysts said. A total of 3.4 million tonnes (24.8 million barrels) of crude oil was di

Chinas index of export container transport edged up in the past week, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) stood at 839.27, up 0.3 percent from a week earlier, according to the ex

Following a high-level meeting this week between the Hong Kong Shipowners Association, the Hong Kong Liner Shipping Association and senior officials of the Transport and Housing Bureau, expectations have been raised that the territory could

China should build more hospital ships so it can better respond to major medical emergencies, according to a national political adviser from the shipbuilding industry. Dong Qiang, a member of the 13th National Committee of the Chinese Peopl

The Hong Kong registered 4250-teu Cosco Sao Paulo was escorted into Table Bay, Cape Town early this week following a report of fire in one of the holds off Cape Agulhas on Monday. Initially anchored off Cape Towns Atlantic seaboard amid rou

China Petroleum Chemical Corporation (Sinopec) has inked a deal to build a new LNG terminal in Zhoushan. The company has signed a deal with the Zhejiang provincial government worth $2.8 billion to develop a 15 mtpa import terminal. Accordin

1.Chinas low-sulphur marine fuel exports rose by a third in April compared with March to the highest level yet after it waived export taxes. 2.Gibraltar-based bunker company Peninsula Petroleum has placed an order at Chinas Dayang Offshore

Five ships loaded and unloaded nearly 27,000 teu at Yantian Port. On May 26,as MARGRETHE MAERSK docked at berth 9 of Yantian international container terminal,a scene of five ultra-large container ships operating at the same time appeared in