1.The world's seventh-largest container liner,Evergreen Marine,booked a bottom line deficit in the second quarter.The loss came despite the fact that the company increased its revenue. 2.China imported a record amount of coal in the m

The uncertainty about what will happen to bunker prices after 2020 is creating something of a dilemma for tanker owners. We explore whether they should opt for scrubbers or not. As shipowners are normally able to pass on the additional cost

For 53-year-old Pan Guohua, his job is similar to the sport of diving: Both require a perfectly clean entry. But for Pan, it is definitely tougher. He needs to direct a 400,000-metric-ton giant vessel to dock at a speed no faster than 3 cen

Steel production in China reached a new high in July, the third monthly record in the last four months. According to the latest figures released by the National Bureau of Statistics total crude steel production was 81.24 million tonnes in J

COSCO (China Ocean Shipping Company) Netherlands, a giant Chinese merchant vessel, is sailing on the Indian Ocean towards Greece and plans to finally reach Valencia, Spain on Aug. 31. It is the first time for the multifunctional vessel, whi

1.China seeks feedback on use of LNG as marine fuel.The ministry addressed the letter seeking comments to shipping companies,port and maritime authorities as well as oil companies, asking them to submit their opinions on the promotio

Chinas imported iron ore market strengthens on Monday boosted by frequent price hikes of billet prices in Tangshan. News about the stricter production control for Fengnan district of Tangshan starting from Aug 12 drove up billet prices duri

State-owned PetroChina could pull the plug on winter spot LNG cargo purchases from the United States amidst the Chinese governments proposed tariffs. Bloomberg cites sources close to the matter as saying that the Chinese company would turn

Move toward energy efficiency, quality to drive down gasoline, diesel usage Despite oil demand rising 5.5 percent year-on-year to 11.77 million barrels per day in 2017, oil consumption, including gasoline and diesel, is expected to fall gra

Xiamen port in East Chinas Fujian province will open 10 more cruise routes to economies participating in the Belt and Road Initiative in the second half of this year, as part of its broader efforts to bolster ties with them. Xiamen port pla

Chinese research ship Xiangyanghong 10 returned to China on Sunday with fruitful results after completing the nations 49th ocean expedition. The ship docked at Changzhi Island pier in Zhoushan, east Chinas Zhejiang Province. Xiangyanghong 1

China imported a record amount of coal in the month of July to cope with the robust demand by electricity generation due to high temperatures, according to the General Administration of Customs (GAC). This is a new record in four years and

Yang Ming Marine Transport Corp. (Yang Ming), widely recognized as an excellent service provider, was named Provider of the Year on 18th July, 2018 by Target Corporation, the second-largest department store retailer and importer of containe

The China National Offshore Oil Corporation (CNOOC) in alliance with the Ugandan government has launched a welders certification program to train and prepare nationals for the countrys prospective oil industry. Uganda is expected to begin o

1.Panama and China begin negotiations to sign a memorandum.The Minister of Maritime Affairs and Administrator of the Panama Maritime Authority (AMP), Jorge Barakat Pitty,together with his management team,held a meeting with the Minis