China Petroleum and Chemical Corporation (Sinopec) on Sunday reported a 53.6-percent year-on-year increase in net profit for the first half of 2018, mainly due to strong energy demand and higher oil prices. Sinopecs net profit from January

The South China Sea is a major trade route for crude oil, and in 2016, more than 30% of global maritime crude oil trade, or about 15 million barrels per day (b/d), passed through the South China Sea. More than 90% of crude oil volumes flowi

Tank cleaning is a common procedure performed on board ships. Those associated with the process are very well aware of the hazards involved and fatal accidents that have occurred in the past. In spite of all the necessary safety precautions

1.In a testimony today (August 24), before the US Trade Representative (USTR) in Washington, the American Association of Port Authorities (AAPA) urged the federal government to consider the negative impacts that retaliatory tariffs would ha

Chinas imported iron ore market remains steady on smooth sales. Traders continue to offer actively but with less willingness to undersell ahead of weekend. Steel mills tend to restock on demand. Steel market has shown a slowing price increa

33 new LNG ships have been ordered so far this year, compared to 19 in the whole of 2017 and just six in 2016. Owners have been tempted by higher spot/short-term charter rates, still-low newbuilding prices and rapidly growing LNG trade. New

Five months has passed since the United States slapped tariffs on Chinese aluminum imports. To offset the negative effects it brought, aluminum manufacturers in China are diverting their exports to other countries such as Canada, Japan and

Chinas iron ore futures settled higher on Friday. The most active contract for January, 2019 delivery ended the day session down 0.31 percent at 490.5 yuan per ton. China has opened the domestically-traded iron ore futures to foreign invest

Chinas largest ocean container ship returned to Yangshan Port in Shanghai on Thursday after its 77days maiden voyage between Far East and Europe. The ultra-large container ship named Cosco Shipping Universe is 400 meters long and 58.6 meter

North Chinas Tianjin Municipality has put forward a plan to reinforce the sea protection. The plan, which has been worked out recently, includes the strictest management and control measures for sea reclamations. It will be more demanding f

Chinas Ministry of Transport said on Friday that in early August, China and Panama signed a Memorandum of Understanding on Maritime Cooperation between the Ministry of Transport of the Peoples Republic of China and the Maritime Safety Admin

The Chinese ice-class cargo ship, Tian En, has joined a Russian icebreaker on Friday on its way along the Arctic Northeast Passage, a waterway connecting northwest Europe and the Far East known as the Polar Silk Road. Right now, Tian En is

Gabon: Tbilisi confirms 17 sailors missing after contact with tanker lost off Libreville 19 August The Georgian government confirmed that an investigation is underway after 17 Georgian sailors went missing off the coast of Gabon since 14 Au

1.For the first time,China has built two identical giant vessels for land reclamation.They will be used in infrastructure projects both in China and in countries along the Belt and Road. 2.Chinas Sinopec Corp has teamed with Zhejiang Energy

Chinas imported iron ore market remains steady. Traders focus on sales and are active in offering, buying interests of steel mills pick up. Iron ore pellets prices edge up slightly. Steel mills stock up tailoring demand, while some mills re