Saudi Arabia was not bluffing when it said it would focus on crude-oil market share. New tanker charter contracts at extremely high rates confirm that a large wave of Saudi oil is definitely en route. Rates for VLCCs (very large crude carri

Lloyd s Register, one of the world s leading providers of professional services for engineering and technology, has donated RMB 1 million to the Yangtze River Shipping General Hospital in Wuhan, which is at the frontline of the fight agains

Jotun and Kongsberg Maritime have jointly developed a remotely operated robotic hull cleaning system, which the partners claim could cut CO2 emissions by 12.5% annually on a typical vessel through proactive bio-fouling control. HullSkater c

Chinese oil and gas company CNOOC Limited has made a large-sized discovery Kenli 6-1 in Bohai Bay, which is expected to be the first large-sized oil field in Laibei lower uplift.: The Kenli 6-1 structure is located in Laibei lower uplift in

Ministry of Transport of the Peoples Republic of China has announced the following matters concerning the arrangements for crew shifts of Chinese-flagged international sailing vessels during the novel coronavirus pneumonia: 1.Shipping compa

Privately-owned shipowner SITC International which is listed in Hong Kong, announced its 2019 financial report. For the year ended December 31, 2019, revenue was approximately US $ 1.554 billion, up approximately 7.2% year-on-year; Sharehol

1.Privately-owned shipowner SITC International announced its 2019 financial report. For the year ended December 31, 2019, revenue was approximately US $ 1.554 billion. 2.Chinas southern coal import region of Xinsha in Guangdong province has

Several cruise ships are stranded at sea, some with confirmed coronavirus cases on board, as the pandemic expands around the globe. Some ships have been denied port, leaving them to anchor off the coast of a country. Other cruises have dock

Chinas southern coal import region of Xinsha in Guangdong province has issued verbal notices to local shipping agents and traders to restrict seaborne thermal coal arriving after March 16 as the local import volume has exceeded the quota of

VLCC A week ago in the Middle East, the Saudis lowered their April crude Official Selling Price (OSP) and raised production levels by 2.6 million barrels per day (BPD), to 12.7m BPD, with an additional one million BPD coming from the United

Increasing numbers of COVID-19 cases are now reported in countries across all continents except Antarctica, and the rate of new cases outside of China has outpaced the rate in China. All ships undertaking international voyages, and particul

Chinas coastal bulk freight market has seen a decline in general demand in the week ending Friday, according to the Shanghai Shipping Exchange (SSE). The composite index for coastal bulk freight fell 0.4 percent week on week to 901.18, the

Despite the COVID-19 delays impacting many of Chinas repair shipyards, SeaQuest Shipmanagement has ensured that a clients handysize bulk carrier completed her second special survey, dry-dock and Ballast Water Treatment System (BWTS) retrofi

Severe congestion at Chinese ports is easing, say officials and industry participants, although a logjam of refrigerated containers has disrupted supplies of fresh and frozen food and pushed up freight rates outside China. Thousands of refr

Costa Cruises announced on Friday it will be suspending all of its global voyages until April 3 in the wake of the novel coronavirus disease (COVID-19) outbreak around the globe. The company said all of its cruises have strengthened epidemi