The OPEC + Agreement has made it possible to balance the world oil market and set a price for a resource that suits both the producer and the buyer, said Lukoils first executive vice president, Ravil Maganov. I think that OPEC + is good. It

The International Chamber of Shipping (ICS) has published the latest update of its Flag State Performance Table, which can be downloaded free of charge via the ICS website. The annual update, which is also supported by the Asian Shipowners

On 15 March, 2019, a delivery and naming ceremony for the 29th VLOC PACIFIC EXCELLENCE of CMES was held at the Shanghai Waigaoqiao Shipbuilding Co., Ltd. (SWS) Mr Yan Wushan, Vice President of CMES, delivered a speech and named the new vess

The Singapore fuel oil market is not expected to recover from an oversupply situation despite lower arrivals from the US and Europe seen for April, market sources said Thursday. Fuel oil traders expect about 4 million mt to arrive in Singap

1.The Hong Kong Maritime and Port Board recently visited Norway as part of a more extensive tour of the Nordic countries. The aim of the trip was to promote Hong Kong as an international maritime centre and to learn more about green maritim

Chinese iron ore prices rose in early trade on May 21 after Vale said it would halt operations at a mine in Brazil because of an inconclusive stress test, but gains were capped by the potential restart of a much bigger mine. Vale said on Ma

The container throughput of Taicang port in Jiangsu province saw double-digit growth in the first two months of 2019, local media reported on March 19. More than 860,000 containers were delivered in the same period at the port, a year-on-ye

The Hong Kong Maritime and Port Board recently visited Norway as part of a more extensive tour of the Nordic countries. The aim of the trip was to promote Hong Kong as an international maritime centre and to learn more about green maritime

Italian cruise operators have been increasing their investment in the Chinese market even as many key players have withdrawn after the sectors business shrank for the first time in 2018. An analyst said that China and Italy are expected to

Chinas crude oil futures settled higher on Thursday. The most active contract for May 2019 delivery was up 1.89 percent to 463.9 yuan per barrel, data from the Shanghai International Energy Exchange (INE) showed. China launched its first yu

Chinas state-owned bunker fuel supplier Chimbusco plans to start offering low sulfur fuel oil at the Qinhuangdao and Jingtang ports from April, after Beijing imposed a 0.5% sulfur limit from January 1 for vessels sailing within 12 nautical

On 14 March 2018 Brasil time, Mr. Yang Wanming, Ambassador Extraordinary and Plenipotentiary of the Peoples Republic of China to the Federative Republic of Brasil, accompanied by the ambassadors wife, Counselor Lu Yanliu, and the Political

An increasing number of Chinese ports are holding up Australian coal shipments, with long delays now being reported at Fuzhou port in the southeastern Fujian province, Rizhao in Qingdao and Yingkou in Dalian, according to traders and end-us

1.Breakbulk Asia (formerly Breakbulk China) was held on 20-21 March in Shanghai,which has been a conference and exhibition in the region for project cargo and breakbulk professionals. 2.China CSSC Holdings has confirmed its return to profit

PIL is pleased to announce the launch of our new Middle East service China Straits Gulf (CSG), with effect from April 2019. This new service will provide an enhanced direct service between North/Central/South China and Middle East, calling