Chinas crude oil futures plunged on Wednesday. The most active contract for January 2019 delivery was down 5.9 percent to 389 yuan per barrel, data from the Shanghai International Energy Exchange (INE) showed. China launched its first yuan-

China on Thursday launched a 24-hour intelligent customs clearance system at the Huangpu Customs District in south Chinas Guangdong Province, the first of its kind to be put into operation at the countrys ports. One of the prime features of

Chinese Ministry of Transport issued a new regulation regarding requirements of emission control areas in Chinese territorial waters which will become effective from 01.01.2019. This new regulation introduces some substantial changes to the

Copenhagen, 19 December 2018 A.P. Moller - Maersk announces changes to its services connecting Asia and Europe. With the enhancements Maersk further improves schedule reliability, enabling stable and reliable cargo deliveries to its custome

1.Kumiai Navigation has commissioned Nantong Cosco KHI Ship Engineering (Nacks) to construct a 208,000-dwt bulker for delivery in June 2020.It has also contracted Nacks sister shipyard, Dalian Cosco KHI Ship Engineering, to build a 61,000-d

State-owned China National Offshore Oil Corporation (CNOOC) said on December 18 it has signed strategic agreements with nine foreign companies to conduct exploration at two oil and gas blocks in southern China. Exploration will take place i

The Chinese governments objective of suppressing coal and lignite imports in November and December 2018 is adversely impacting demand for Panamaxes and thus rates. Nonetheless, we believe imports will be supported by winter and high-energy

Where do we go to find economic growth that spurs shipping demand in the next five years? According to the International Monetary Fund (IMF), we should look towards emerging and developing countries. The IMF also points out that advanced ec

The first shipment of Fortescue Metals Groups (FMG) new higher grade iron ore left Western Australia on Monday for Hunan Valin Steel Co Ltd in China. The new West Pilbara Fines product comprises a mix of ore from Fortescues Firetail mine an

AN intra-Asia consortium headed by Wan Hai Lines has expanded the port rotation of the China-India Service II (CI2) by adding a direct call at the major public port of Tuticorin that is situated on Indias east coast near Chennai. The China-

JAPANs container line Ocean Network Express (ONE) will be applying a low sulphur fuel surcharge for Taiwan and the China emission control areas (ECAs) next year. Chinas three main port areas and Taiwan are implementing a 0.5 per cent sulphu

The global LNG carrier orderbook is on course to meet LNG production volumes in 2022, according to a new outlook published by Wells Fargo Securities. The LNG orderbook accounted for 23% of the global order book as of last month and the 57 L

In a federal court in Beaumont, Texas, two Greek shipping companies, Avin International, and Nicos IV Special Maritime Enterprises, pleaded guilty this week to charges stemming from several discharges of oil into Texan waters says TankerOpe

1.Swedens oldest passenger shipping company Rederi AB Gotland Group named its new roll-on/roll-off passenger vessel M/S Visborg on Saturday, December 9, in Guangzhou City, capital of south Chinas Guangdong Province. 2.The Japanese liner com

1.COSCO Shipping will add a call to Port Tampa Bay on its Gulf of Mexico Express (GME) transpacific service, with the first vessel, the 4,250-TEU Cosco Piraeus, scheduled to arrive in Tampa on January 28. 2.China will soon deliver a world-c