Facing the outbreak of COVID-19, terminals under COSCO SHIPPING Ports (CSP) published their hard-won business results for the first quarter of 2020. In the fight against the epidemic, the Xiamen Ocean Gate Terminal accelerated its smart por

Chinas Hudong Zhonghua shipyard in Shanghai is expected to launch a new ship on Wednesday. Some military observers believe it could be Chinas second Type 075 amphibious assault ship. A new ship built by the Hudong Zhonghua company will undo

During the COVID-19 pandemic, crew change has become one of the greatest challenges to ship operators. It is widely recognized in the maritime industry that the regular change of seafarers is essential to keep the global trade, transport mo

The International Air Transport Association (IATA) and the International Chamber of Shipping (ICS) are jointly calling on governments to take urgent measures to facilitate crew change flights for seafarers. Due to the COVID-19 restrictions,

Chinas overall output of six major oil products LPG, naphtha, gasoline, jet/kerosene, gasoil and fuel oil fell by an average of 12.5% year on year at 33.85 million mt in March, the lowest monthly output since October 2014, and heavier than

Chinese iron ore futures slumped on Tuesday, retreating from a more than 8-1/2-month closing high hit in the previous session, on concerns about surplus supply of the steelmaking raw material as the coronavirus hit demand outside China. Ste

Analysts said the US oil futures price turning negative reflects an energy market continuing to reel from the dual demand-supply shock amid the COVID-19 pandemic, and China should further increase domestic oil and gas storage facility const

N o Serious Impact on Oil Trading and Bunkering Sectors; Banking System Remains Sound In response to media reports, Enterprise Singapore (ESG), the Maritime and Port Authority of Singapore (MPA) and the Monetary Authority of Singapore (MAS)

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No Serious Impact on Oil Trading and Bunkering Sectors; Banking System Remains Sound In response to media reports, Enterprise Singapore (ESG), the Maritime and Port Authority of Singapore (MPA) and the Monetary Authority of Singapore (MAS)

1.US oil prices crashed to the negative -37.63 dollars a barrel for the first time in history on Monday, fueled by pandemic-related demand shock and oversupply fears. 2.UK-based energy giant BP has signed a liquefied natural gas supply deal

On April 20, Dalian shipbuilding Industry signed a contract for the delivery of a 325,000-ton ore carrier IRON MOUNTAIN with scrubber, the worlds leading offshore giant, which was built for SK Shipping of South Korea. IRON MOUNTAIN is the f

On April 17, CSSC released its annual report for 2019, with operating revenue of 23.136 billion yuan, up 36.82% year on year. The net profit attributable to shareholders of the listed company was 405 million yuan, down 17.26% year on year;

US oil prices crashed to the negative territory for the first time in history on Monday, fueled by pandemic-related demand shock and oversupply fears. The West Texas Intermediate (WTI) for May delivery shed 55.9 U.S. dollars, or over 305 pe

As the world faces unprecedented destruction in oil demand brought about by the coronavirus pandemic, China has in recent weeks emerged to be the only respite for crude sellers seeking to offload their cargoes, market sources told SP Global