China Harbour Engineering Company will be responsible for the construction of a new planned shipyard in Nigeria to provide services for the maintenance and repair of an increasing number of cargo, oil and LNG ships. This project is funded b

SITC International Holdings reported interim results for the period to the end of June, during which it still reported revenue of $743m, down just 0.42% on an annual basis. The companys shareholders profit during the period was US $119 mill

In July 2020, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 144.41points, up 8.46% from the previous month and up 3.75% year-on-year; the export trade ind

Some members of the OPEC+ group of oil-producing nations would need to slash output by an extra 2.31 million barrels per day (bpd) for a month to make up for their oversupply between May and July, an internal OPEC+ report seen by Reuters sh

Eight people have been confirmed dead and six others remain missing after an oil tanker collided with a cargo ship near the Yangtze River estuary, the maritime authorities in Shanghai said Saturday. The accident occured at 3:39 a.m. Thursda

Political Posturing For the oil and tanker markets, the Trump Presidency marked a notable shift in global politics, energy markets and international trade. Early on, the Trump Administration withdrew from the Paris climate agreement and soo

On July 31, ABB signed a purchase agreement with Shanghai Ming Wah Shipping, a subsidiary of China Merchants Group, to provide a fleet oriented ABB Ability Tekomar XPERT ship engine performance digital solution for Shanghai Ming Wahs 12 bul

Shanghai Marine Diesel Engine Research Institute won the bid for Hainan MSA H2388 cruise rescue ships on-board tail gas telemetry system project, achieving a breakthrough in the market for monitoring gaseous pollutants in ships. The ship bo

1.Three people have been rescued after two ships collided at the mouth of the Yangtze River at 3:39 am Thursday. 2.Hong Kong Container Terminal Operators Association are taking further actions to address the conditions of rest areas for con

Three people have been rescued after two ships collided at the mouth of the Yangtze River at 3:39 am Thursday, said the Shanghai maritime safety administration. The rescue mission to locate 14 other missing individuals is still ongoing. Acc

Price differentials for October-loading sour and sweet crude grades in Asia continue to trade at lower levels amid a frail demand recovery from Chinese independent refiners, market sources said in the week beginning Aug. 17. This was reflec

Located in the Yantai Economic and Technological Development Area, Bajiao Bay Marine Economic Innovation Zone has a planned area of 8.4 square kilometers and an investment of nearly 38 billion yuan ($5.49 billion). The zone is designed to a

The Oil Companies International Marine Forum (OCIMF) has today published a revised edition of the information paper Recommendations on the Proactive Use of Voyage Data Recorder Information. This information paper updates OCIMFs Recommendati

Asia will likely import record volumes of LPG in 2020 as firms snap up the fuel to make petrochemicals used in protective gear against the coronavirus, while households under lockdown ramped up purchases for cooking. The region will buy som

The Chinese government responded to the economic downturn caused by the coronavirus mostly by ramping up its investments in infrastructure. The latest data indicate that the industrial activity may accelerate further in the coming months. T