Backed up by pickup in spot trade yesterday and buoyant futures market, traders held prices firm amid upside room for some mainstream resources. The large fluctuation in futures market during intraday trading triggered stronger wait-and-see

BEIJING - China will raise the retail prices of gasoline and diesel,the fifth increase since the end of March, the countrys top economic planner announced. As international oil prices have risen, the retail prices of gasoline and diesel wil

CHONGQING - Construction will start on two more underground gas storage facilities in Southwest Chinas Chongqing municipality by the end of this year, PetroChina Southwest Oil Gas Field Company said Wednesday. The total cost of the Tongluox

The Guangzhou Cruise Industry Alliance has been formed following the second meeting of the Guangzhou Cruise Development Roundtable. Parties involved include the China Cruise and Yacht Industry Association (CCYIA), Nanshan Peoples Government

Genting Cruise Lines organized the first ever Safe Piloting and Techniques Seminar in Shenzhen, China along with the China Maritime Pilots Association (CMPA), Shenzhen Pilots (SZP), and Hong Kong Pilots Association (HKPA). Taking place last

Chinas key steel mills reported their daily output of crude steel at 2 million tonnes in mid-May (May 11-20) this year, showed latest data from China Iron and Steel Association. The volume was 59,300 tonnes or 3.05% higher than the level te

South Koreas largest shipping line Hyundai Merchant Marine (HMM) and Taiwans Evergreen have announced that they are ending services in the transatlantic. HMM, which had been chartering slots from Maersk and MSC for use in its TA2 and TA3 se

A gathering of leading international shipowners have signalled the urgent necessity of bringing the Hong Kong International Convention for the Safe and Environmentally-Sound Recycling of Ships, 2009 into force. The announcement was made as

1.China was re-elected as the council member of International Association of Lighthouse Authorities(IALA) on May 29. 2.China Petroleum and Chemical Corp, or Sinopec, the world's largest refiner, expects crude oil trade between China and t

Chinas spot iron ore prices at ports stay stable. Partial traders are tend to boost sales due to cost pressure, while most traders are still in wait-and-watch mode. Steel mills albeit have low buying interest and have some inquiries for mai

Chinas thermal coal prices climbed more than 4% on May 29 and were on track for their biggest one-day gain since November 2016 as investors continued to fret about supplies due to strong demand. Investors piled on bullish bets even after th

Chinas most advanced submersibles were gathered at the National Deep Sea Center on the sidelines of an international oceanic workshop from Monday to Tuesday in east Chinas coastal city of Qingdao. Among the high-tech devices for deep-sea ex

Chinas largest container ship with a cargo capacity of 20,119 twenty-foot equivalent units (TEU) was officially handed over to its orderer at a port in Shanghai on Tuesday. The ship, assembled by the Shanghai Waigaoqiao Shipbuilding Co., Lt

China LNG Group signed a deal with CIMC Enric Holdings for the purchase of 275 LNG tank containers for a total consideration of 126 million Chinese yuan renminbi ($19.7 million). Under a strategic cooperation deal between the two companies,

BEIJING－With its second ethylene cracker in South China starting operations this month, China National Offshore Oil Corporation or CNOOC pushed its cooperation with Shell Petrochemical Company to a higher level. The 1.2-million-metric-ton