On March 19, Group President Hu Jianhua met with Chen Xiaoying, Commissioner of Shenzhen Customs. Tan Hua and Tu Lin, Deputy Commissioners of Shenzhen Customs, attended the meeting. Hu Jianhua expressed gratitude to Shenzhen Customs for its

According to the announcement ofCSSC, on March 19, ChinaState ShipbuildingCorporation held a video conference of leading cadres, announcing adjustments to the main leaders ofDalian Shipbuilding Industry. The leading party group ofChinaState

On March 18, the Office of Foreign Assets Control (OFAC) of the US Treasury Department updated its list of sanctions related to Iran. Anumber of Chinese companies appeared on the list. This includes a ship management company in Shanghai and

Chinese shipyard Hudong-Zhonghua Shipbuilding (Group), a unit of China State Shipbuilding Corporation (CSSC), saw CMA CGMs first 23,000-TEU LNG-fueled boxship leave for sea trials. The super-large LNG-powered containership CMA CGM Jacques S

1.Yantai LNG Group, a Chinese outfit, has been granted an approval to develop a liquefied natural gas terminal in the Shandong province. 2.Cosco Shipping has launched its first service between North America and Latin America, even as contai

On March 16, the flight carrying anti-epidemic medical supplies donated by COSCO SHIPPING to the Liguria Region of Italy left for Italy from Shanghai Pudong International Airport. These medical supplies include 50,000 face masks and 200 med

Yantai LNG Group, a Chinese outfit, has been granted an approval to develop a liquefied natural gas terminal in the Shandong province. Citing the companys executive director Eric Wang, Reuters reports Yantai LNG is set to float a tender for

After a frantic week that sent crude oil freight rates to record highs amid a bookings bonanza to ship Saudi oil to the world, rates are now easing as charterers balk at the nosebleed charges and await Saudi volume plans for April, shipping

The earnings of shipping companies globally will decline in 2020 amid sharply reduced demand for shipping services in the wake of the coronavirus outbreak, Moodys Investors Service said in a report. This is because of the expected impact of

Cosco Shipping has launched its first service between North America and Latin America, even as containerized trade growth between the United States and South America last year fell to its lowest point in three years. The BZX route, which st

The Liberian Registry has announced its latest proactive and industry leading measures with regards to implementing temporary vessel registration and mortgage recording procedures; and in doing its utmost to stay ahead of the disruptions br

The investor spotlight has turned toward owners of very large crude carriers (VLCCs), tankers that carry 2 million barrels of crude oil. VLCC spot deals out of the Middle East Gulf have topped $300,000 per day in one case exceeding $350,000

Low-sulphur fuels accounted for 84% of total February sales in Singapore, slightly up from 83% in January. The sale of low-sulphur fuel oil (LSFO) made up the largest component at 71.5%, with Marine Gas Oil (MGO) accounting for 12.5%. Total

Brazilian miner Vale has been shipping a larger proportion of iron ore products to China at the expense of Europe and other Asian customers at a time of weak volumes, according to trade data through to the end of January, SP Globals Panjiva

The growing epidemic is expected to cause the global cross-border direct investment to decline by 5 percent to 15 percent, a senior commerce official said on Thursday. The remarks came as the COVID-19 outbreak has spread rapidly around the