Editors note: Oil prices slid more than 30 percent over the weekend, partly due to the differences between Saudi Arabia and Russia over cutting production. The steepest decline in oil prices since the Gulf War in 1991 was followed by a rout

Premier Li calls for targeted policies to forestall damage to wider economy China will work to shorten the negative list on foreign investment and encourage financial institutions to increase foreign trade loans to cope with the impact of t

COSCO SHIPPING Holdings announced today that its subsidiary OOIL plans to build five 23000TEU container ships in Nantong COSCO KHI Ship Engineering（NACKS）and Dalian COSCO KHI Ship Engineering（DACKS）, with a total price of 778.4 mill

1.Ministry of Transport and the National Development and Reform Commission said port charges for cargo and facilities security will be cut by 20 percent from March 1 to June 30. 2.A total of five international liner ship lines departing fro

China will lower the service charges of ports to optimize the business environment and promote the work resumption of logistics firms, according to an official circular. The circular, issued by the Ministry of Transport and the National Dev

10 March 2020: Inmarsat has signed an agreement with Brazil-based startup i4sea to join our fast-growing group of certified application providers for Fleet Data. i4sea will provide a high-precision sea and weather forecasting application wi

ReCAAP Information Sharing Centre released the February 2020 Report on the situation of piracy and armed robbery against ships in Asia. Overview A total of 10 incidents of armed robbery against ships were reported in Asia in February 2020 N

HNA Group, which turned to the Hainan provincial government for assistance, has become the largest enterprise in the province after the takeover. The company said it would continue to launch new domestic and international flights connecting

A total of five international liner ship lines departing from Guangzhou Port have been launched from Feb 27 to March 7, mainly heading to Southeast Asian countries. The line running between South Korea and Xinsha Port of Guangzhou Port in G

The more special the period is, the more efforts should be made to protect the order. After learning that China ShipbuildingTrading urgently needs to issue a letter of guarantee for the ship owner, theExport-Import Bank of China overcame ma

1.Shell and Bank of Communications Financial Leasing started a cooperation on 12 dual-fuel LR2 tankers with a total contract value of nearly US $ 650 million. 2.A multinational consortium led by the state-owned China Petroleum Pipeline Engi

Shell and Bank of Communications Financial Leasingstarted a cooperation on 12 dual-fuel LR2 tankers with a total contract value of nearly US $ 650 million. The project was fully funded by Bank of Communications Financial Leasing, and no oth

The market expected a new coronavirus-induced 1 million-barrel-per-day (b/d) production cut from OPEC+, the coalition of OPEC and participating non-OPEC nations. What it got on Thursday was a much bigger proposed cut of 1.5 million b/d. Und

Trading has been temporarily halted on Wall Street as oil price plunge and coronavirus fears cause stocks to plummet in early trading Saudi Arabia and Russia both plan to increase production.IEA sees unprecedented combination of supply and

Another Princess cruise ship has been held up due to concerns about the possibility of coronavirus infections on board. In addition to the incidents aboard Diamond Princess and Grand Princess, the Caribbean Princess has seen her commercial