To maintain proper supply lines at seaports and facilitate unhindered cargo movement, the government on Sunday asked all shipping companies not to collect any detention charges on export-import (EXIM) cargo in the wake of the situation aris

Hong Kongs Orient Overseas Container Line (OOCL) says that its China New Zealand Service (CNS) will offer the fastest transit times for southbound shipments from northeast Asia to Wellington, New Zealand. The carrier said a new direct port

Iron ore prices should be well supported in the second quarter, despite the slow recovery in downstream steel demand, as Chinese mills are expected to lift steel output, according to the latest SP Global Platts outlook survey. Some 38% of s

Owners decision Once a vessel owner has decided to lay up a vessel, several important decisions must be made. The most important decision is the duration of the lay-up, which will be critical for the type of lay-up selected. If the owner ex

The ground-breaking and global business promotion ceremony of Qingdao International Cruise Terminal Area was held on March 28 in Qingdao, a coastal city of Shandong province. Despite the impact of and uncertainty caused by the global COVID-

1.China Merchants Bank Financial Leasing has placed an order at DACKS for the construction of two ultramax bulk carriers. 2.COSCO SHIPPING Ports announced full year results of the Company and its subsidiaries for the year ended 31 December

On March 25, both PetroChina and Sinopec welcomed new chairman. On March 25, the official website of PetroChina Company Limited announced the election of Mr. Dai Houliang as chairman of the company and Mr. Li Fanrong as vice chairman of the

The Paris Memorandum of Understanding on Port State Control (Paris MoU) acknowledges the crisis which the international shipping industry is facing. The Paris MoU is working to help Member Authorities protect the health and safety of our Po

COSCO SHIPPING Ports Limited, the worlds leading ports operator, today announced full year results of the Company and its subsidiaries (the Group) for the year ended 31 December 2019. 2019 Full-year Results Highlight  Revenue rose by 2.7

China National Petroleum Corp saw its revenue go up 6 percent year-on-year in 2019 to 2.52 trillion yuan ($360 billion), with net profit recorded at 121.76 billion yuan. The company said in a statement released on Thursday that crude produc

China National Offshore Oil Corp said its gross revenue reached 750.9 billion yuan ($106.1 billion) last year, with total oil and gas production reaching 107 million tons of oil equivalent and oil trade volume reaching 109 million tons. Als

CMPort and CMA CGM Successfully Complete the Initial Closing of 8 terminals to expand CMPorts global network to 25 Countries and Regions China Merchants Port Holdings Company Limited (CMPort or The Company, HKSE Code: 00144) is pleased to a

Chinese iron ore futures edged higher on Thursday on supply concerns as coronavirus-containment measures across the world intensified, but the uncertain demand outlook for the steelmaking raw material and steel products capped gains. The mo

China seems to be containing its local coronavirus situation, with imported cases now posing the greater threat. While quarantine measures remain tight in cities such as Beijing and Shanghai Chinas busiest points of entry economic activity

China bought 6 million mt of soy from the US in the first two months of 2020, up 500% year on year as it ramped up purchases under its phase one trade deal commitments, while purchases of Brazilian beans were down 26% to 5.14 million mt, Ch