Good chance for China to increase strategic crude reserves amid bargain price environment While oil price plunges will impact the global economy, which is already reeling from the coronavirus pandemic, China－the worlds top crude importer－

Hong Kongs Orient Overseas Container Line (OOCL), now a Cosco unit, together with its Ocean Alliance partners, has made changes in their transpacific service, to take effect late April or early May. With 7 Pacific Southwest Services (PSW] s

Chinas Commerce Ministry says the nations imports and exports improved in March, without elaborating. However, some foreign trade companies, especially textiles firms, have had existing orders delayed or cancelled and are having difficultie

The composite index decreased 1.7% this week but, 13.1% up when compared with same period of 2019. The average composite index of the WCI, assessed by Drewry for year-to-date, is $1,627 per 40ft container, which is $247 higher than the five

ReCAAP Information Sharing Centre today released its 1st Quarter Report for Piracy and Armed Robbery Against Ships in Asia (January-March 2020), Single-sheet Summary, and Situation Slides. The documents can be download by the embedded links

1.China will exempt Chilean enterprises from VAT on their income from international transport business in China by ships or aircraft. 2.CMES has placed an order with Jinling Shipbuilding for four open hatch bulk carriers. 3.China will be th

On April 14, China issued a document, saying that Chile will grant equal treatment to Chinese international transport enterprises, while exempting Chilean enterprises from value-added tax for their income from international transport busine

The first quarter has passed. In the face of difficulties such as the Spring Festival Holiday, epidemic prevention and control, and resumption of production, Yangzijiang Shipbuilding took a series of measures after the Spring Festival. From

New research published yesterday predicts that China will lead the $1bn autonomous shipping market by 2025. A new report published today by technology research and innovation consultancy Thetius, predicts that the Peoples Republic of China

In light of the preventive measures taken by ports states, making crew change and repatriation difficult, if not impossible, many flag states and administrations are taking a pragmatic approach to statutory certificates and agreements in li

On April 11, Group President Hu Jianhua met with the Governor of Liaoning province Tang Yijun in Shenyang. Executive Vice President, Wang Cuijun and, Chief Digital Officer, Director of Financial Business Division, Zhang Jian attended the me

Over 106,000 people have lost their lives as reported on the WHO COVID-19 dashboard due to the pandemic. In these challenging times, the Maritime sector under the guidance of the IMO, ILO and other industry bodies have issued guidance to en

The Board of Directors (the Board) of China Merchants Port Holdings Company Limited (CMPort or the Company, HKSE Code: 00144) is pleased to announce the audited consolidated results of the Company and its subsidiaries (the Group) for the ye

Singapores oil trading giant Hin Leong Group, which is also one of the worlds largest tanker owners, has become the latest to feel oils whiplash amid an unprecedented drop in demand for the commodity. Given its girth, the companys debt woes

1.GCL Oil Natural Gas has entered into a framework deal with the Hague-based energy giant Shell to market and trade liquefied natural gas in eastern China. 2.The cargo throughput of Yantai port in East Chinas Shandong province reached 79 mi