Oil prices fell nearly 3% on February 27, plunging for a fifth day to their lowest since January 2019 as a rise in new coronavirus cases outside China fueled fears of a pandemic that could slow the global economy and dent demand for crude.

Saudi Arabia will reduce term crude supplies to China sharply next month as the coronavirus outbreak slashes demand in the words top oil importer. It comes as Riyadh prepares to join Opec and non-Opec allies to discuss deeper production cut

Port state control authorities will begin to enforce the IMOs Sulphur 2020 from 1st March, making it an offense for ships to carry fuel that contains a sulphur content higher than 0.5 percent unless the ship has an Exhaust Gas Cleaning Syst

On February 26, the discharge ceremony for the first shipment of bauxite from CHINALCOs Boffa Project in Guinea was held in Shijiu Port District of Rizhao Port in Shandong Province. The transportation mission, successfully completed by M.V.

On February 25, 2020, Greek local time, a ceremony marking the start of construction work on the cruise terminal expansion project at the Port of Piraeus was held at the ports cruise passenger terminal Themistocles. Over300 guests attended

Clean tanker freight rates for North Asia loadings have firmed in recent weeks due to strong demand to load cargoes from coronavirus-hit China and South Korea, but the gains have been limited by a sharp fall in supply of oil products from t

Thirteen crew members of a freighter are missing after the vessel collided with a fishing boat and sank off the northern Japanese prefecture of Aomori on Saturday. Coast Guard officials say the 1,989-ton cargo vessel, Guoxing-1 , notified t

1.Crew members on the novel coronavirus-inflicted Diamond Princess cruise ship which was quarantined in the Japanese port of Yokohama will start disembarking on Thursday, the government said. 2.The International Chamber of Shipping has form

COVID-19 and Force Majeure under Shipbuilding Contracts As the effects of global restrictions to prevent further spread of the Covid-19 coronavirus outbreak begin to impact the shipping industry, maritime law specialist Hill Dickinson has a

The International Chamber of Shipping has formed a delegation, led by secretary general, Guy Platten, to meet with the World Health Organization to discuss the impact of COVID-19. In the past few days the virus has gained a foothold in Euro

Hegh LNGs floating storage and regasification unit Hegh Esperanza operations at the Tianjin LNG terminal in China have not been affected by the Coronavirus outbreak. The vessel completed its season in LNG carrier mode in mid-November 2019 a

Maritime department in Shanghai, east China has taken a series of measures to facilitate the shipment of production materials as many companies have gradually resumed work while containing the novel coronavirus outbreak. At a port operated

Pacific Basin Shipping Limited, one of the worlds leading dry bulk shipping companies, yesterday announced the results of the Company and its subsidiaries (collectively the Group) for the year ended 31 December 2019. Mr. Mats Berglund, CEO

Chinas Unipec, an arm of Asias top refiner Sinopec snapped up the lions share of gasoil cargoes traded in Singapore this month, despite weaker domestic demand amid a coronavirus epidemic, according to trade data and industry sources. Unipec

The joint inspection departments at ports in north Chinas Inner Mongolia Autonomous Region, northeast Chinas Liaoning Province and south Chinas Guangxi Zhuang Autonomous Region have taken multiple measures to resume import and export trade