Only China bucks this trend with record-high crude oil imports, benefiting from the low oil price. Given the global recession and lower transport demand, however, the tanker industry is set for some challenging months. Demand drivers and fr

Brookes Bell, the leading international multi-disciplinary marine, scientific and technical consultancy, has been contracted by Norwegian Cruise Line to deliver its innovative software solution SRtP Onboard across its Breakaway Plus class o

Huge stimulus packages have so far been enough to prop up some parts of the economy. However, these are not magic pills, and, with the virus still spreading, a global recovery is some way off. Overview Many nations across the world recorded

On September 7, CNOOC announced that Li Yong was appointed director, general manager of CNOOC, and removed from his position as deputy general manager of SINOPEC. Mr. Li previously served as vice president and party member of SINOPEC. After

The Baltic Exchanges main sea freight index fell to its lowest in more than a month on Monday, as rates slipped across vessel segments. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for

China exported 36.6 million tonnes of steel products over this years January-August period, according to the latest statistics of Chinas General Administration of Customs (GACC) published on September 7. The decline in the eight-month total

UAE based Engineering firm Aries Marine has announced their achievement of a major milestone with the completion of 1000 retrofit engineering projects. Aries Marines specialised division providing environmental and sustainable solutions to

Chinas rail coal shipment reached 140 million tonnes in August, showed data from rail authorities. Coal stocks at Chinas key power plants could cover up to 23 days of use. Cargo delivery by rail in China grew 7.3% year on year to 308 millio

China Tianjin Shipping Index (TSI), an indicator of northern Chinas ocean freight rates for both international and domestic shipping markets, stood at 725.73 points on Friday, down 0.61 percent compared with the previous working day. The st

Not So Turkish Delight Its been simmering for a while, but the spat between Turkey, Greece and Cyprus, seems to be escalating. How has this situation come about? Turkey sent a drill ship to the Mediterranean in May 2019 where it carried out

On September 2, COSCO SHIPPING Specialized Carriers and Wrtsil Group held a signing ceremony of strategic cooperation framework agreement in Guangzhou. Responsible persons and relevant personnel of COSCO SHIPPING Specialized and relevant pe

On September 2, 2020, China Merchants Industry and China Railway Construction Bridge Engineering Bureau Group held a signing ceremony for the construction contract of 2200 DWT crane ship. The 2200 DWT crane ship signed by both parties is de

There is a crude oil market narrative that demand is recovering from the shock of the coronavirus pandemic, and therefore producers that previously cut output can now put more supply back into the market. While there is evidence to support

The Baltic Exchanges main sea freight index fell on Thursday, hurt by declining rates for capesize and panamax vessels. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panama

On the morning of 3th Sept.2020, Mr. Chua Teng Hoe, Consul General of Singapore in Shanghai, visited COSCO SHIPPING headquarters. Mr. Wang Haimin, Director of the Board of COSCO SHIPPING met with the Consul General. Both sides exchanged vie