China National Offshore Oil Corporation (CNOOC) aims to double its exploration projects and proven oil and gas reserves in seven years, the company said on January 18. The announcement was a direct response to President Xi Jinpings call to

Spot rates for shipping containers from Asia to northern Europe in the week ending Friday dropped 0.9 per cent to US$970 per TEU, according to the Shanghai Containerised Freight Index (SCFI). The rates on the Asia-Mediterranean trade were v

Total LNG imports via Tianjin customs in northern China reached a new high of 3.35 million tonnes last year, giving strong support to environmental improvement and clean energy development in the Beijing-Tianjin-Hebei region. The figure was

A direct sea freight route opened on Saturday between Taiwans Kaohsiung and Pingtan in Fujian province, drastically shortening shipping times for fresh farm produce from the island to mainland markets. In the past, shipments from Kaohsiung

The oil and gas industry achieved a net production increase of 164bn cubic metres (bcm), which represents the highest production growth since 2010, according to research by Rystad Energy. Year-on-year growth was clearly driven by North Amer

Looking Back 2018 saw a sea-change in attitudes and actions towards Liquefied Natural Gas (LNG) as a marine fuel. By March, of the 94 cruise ships on the global order-book, 18 under construction were LNG-powered. This represented 20% of all

Chinas iron ore futures settled higher on Friday. The most active contract for May 2019 delivery finished the day session up 3.23 percent to 528 yuan per ton. China has opened the domestically-traded iron ore futures to foreign investors si

I think, in many ways, the report shows an encouraging trend, that bulk terminals generally perform well - only four reports were rated as poor, says Aron Sorensen, Head of Maritime Technology and Regulation at BIMCO. The reports show that

Hainan, January 17, 2019 - OCEAN Alliance today signed documents to confirm the extension duration of OCEAN Alliance to ten years, until 31st March 2027. OCEAN Alliance operates stably and orderly under smooth communication among all member

It is of great significance for China to be bent on the development of offshore wind power, as the big energy-consuming nation has long been focusing on the structural reforms in energy field to find a greener and more recyclable path to su

Chinas top oil and gas company PetroChina is selling spot liquefied natural gas (LNG) cargoes on the European market from Russias Yamal plant, adding to a flood of volumes to the continent amid subdued Asian demand, trade sources said. Petr

The shipping industry is rapidly reaching a point of no return: Emission limits and, in the more distant future, complete decarbonization will change ship operation dramatically. The question is: How should container ships be built today? T

Navis, a part of Cargotec Corporation, and the provider of operational technologies and services that unlock greater performance and efficiency for the worlds leading organizations across the shipping supply chain, announced that Jintang In

1.COSCO SHIPPING Ports Limited today announced that the Company has signed official agreement with PSA Corporation Limited (PSA) for the addition of two new berths at the COSCO-PSA Terminal (COSCO PSA Terminal or CPT) in Boao, Hainan. 2.Acc

It has come to the attention of the Club that new regulatory requirements concerning the reporting of energy consumption from ships have been introduced for vessels calling at ports in China, with effect from 1st January 2019. Although no o