Oil supply is confounding expectations. At Wood Mackenzie, we have just raised our forecasts for non-OPEC production, the latest in a series of incremental increases. Cumulatively, weve increased volumes for 2025 by an astonishing 9 million

The latest report from The World Bank crushingly delivers its weakest global growth forecast in three years and the worst predicted global trade growth since the 2008 financial crisis. Global Economic Prospects: Heightened Tensions, Subdued

Since the inception of merchant ships, bulk carriers have been used extensively for transporting cargo across oceans. A wide range of commodities is carried in bulk that includes coal, grain, ore, cement, sulphur, bauxite, aluminium, steel

Taiwans state-owned CPC Corporation said that it is expected to receive the first liquefied natural gas cargo from Shells Prelude FLNG facility off Australia in October. The unit located 475 km North East of Broome in Western Australia ship

1.Taking into account the difficulties found in conducting a safe and efficient ballast water exchange in the waters between China and South Korea, the maritime safety administration of China has issued a notice (Marine anti-pollution Decre

On the afternoon of 14th June, a delegation led by Mr. Ahmed Aboutaleb, Mayor of Rotterdam, visited COSCO SHIPPING headquarters. Capt. Xu Lirong, Chairman of COSCO SHIPPING, met with the delegation and discussed about topics of common conce

The oil market is likely to tighten further in the second half of the year due to further supply restraints and relatively healthy demand, with IMO 2020 potentially pushing Brent crude toward $80/b by end-2019. SP Global Platts Analytics be

Portugals first largest artificial and deep-water port, the Port of Sines recently played host to a delegation from the Yantian Port, accompanied by the Embassy of the Peoples Republic of China in Lisbon. Besides discussing cooperation poss

Spot rates for shipping containers from Asia to northern Europe in the week ending Friday fell 4.4 per cent to US$745 per TEU, while the Shanghai-Mediterranean run flattened to $741 per TEU, according to the Shanghai Containerised Freight I

According to research by C-Job Naval Architects, Ammonia can be safely and effectively applied as a marine fuel to reduce harmful emissions in the maritime industry. The research uses a new concept design, an ammonia carrier fueled by its o

Shipping group A.P. Moller-Maersk said on Friday it is in talks with Russias state-owned icebreaker operator to send more goods via the Arctic, which is becoming more accessible as climate change reduces the sea ice. Russia has made develop

Taking into account the difficulties found in conducting a safe and efficient ballast water exchange in the waters between China and South Korea, the maritime safety administration of China has issued a notice (Marine anti-pollution Decree

Xinde Marine News Green ShipTech Seminar, conducted by Xinde Marine News, coorganized by LeesGreen Ballast Water Management, Worldwide Ship, DNV GL and Marshall Islands Registry, has ended with great success on June 14th, 2019 in Shanghai,

The attacks occurred just east of the Strait of Hormuz, involving a Marshall Island flagged ship and a Panama flagged ship. We strongly call for nations to do what they can to de-escalate tensions and ensure the safe passage of merchant shi

A total of seven incidents of piracy and armed robbery against ships were reported in Asia in May 2019. There was no report of abduction of crew in the Sulu-Celebes Seas and waters off Eastern Sabah; and no hijacking of ships for theft of o