Container rates for shipping between China and U.S. West Coast have risen 11% since last week to a record high of $3,058 /FEU, and up 110% from the same period last year. China-U.S. East Coast freight rates also edged up 3% to $3,466 /FEU,

Singapore September 180cst fuel oil rose by more than Dubai crude. Supplies of the 380cst high-sulphur fuel oil (HSFO) grade from east Chinas Zhoushan headed to Singapore. Trading firm Glencore sold two 20,000t (129,000 bl) cargoes of the 3

Copper prices eased on Thursday as concerns over supply from South America receded and seasonally weak demand in top consumer China resurfaced. Three-month copper on the London Metal Exchange fell 1% to $6,373.50 a tonne in official trading

Oil prices fell on Thursday after the International Energy Agency (IEA) lowered its forecast for global crude demand in 2020. The West Texas Intermediate for September delivery lost 43 cents to settle at 42.24 dollars a barrel on the New Yo

Michael Madely, VP of Global Service at Ecochlor is excited to reveal the first of many planned locations for Ecochlors spare parts support network outside the United States. Having an inventory of spare parts located in Singapore will prov

Jiangnan Shipbuilding has signed a letter of intent with Japanese owner Kumiai Senpaku for the construction of a 40,000 cubic LPG vessel (MGC), according to the companys release. This ship type is a new, independently developed MGC (PANDA R

1.A unit of Chinas State Power Investment Corporation has purchased stakes in two plants as part of a Brazilian LNG-to-power project located in Rio De Janeiro. 2.Norden has added two more ultramaxes to its series under construction at Nanto

Singapore-based tanker shipownerXihe Group of Companies (Xihe) has appointed V.Group, a leading global provider of ship management and marine servicesas the technical manager for16 of its modern tankers. Mr. Kenny Lim, Interim CEO of Xihe s

The leader of the worlds largest container shipping group predicts that trade will recover quickly to pre-pandemic levels and grow slowly but steadily thereafter. Sren Skou, an IMD alumnus (MBA 1997) who now runs AP Moller-Maersk, said: Our

Executive summary The current PRC Law on the Prevention and Control of Environmental Pollution by Solid Wastes (previously revised in 2015) prohibits the import, dumping and disposal of both solid wastes, unless subject to a specific import

1.Chinas foreign trade has the conditions and capabilities to achieve high-quality development even though COVID-19 has dealt a heavy blow to the global market. 2.A new Just In Time Arrival Guide which aims to provide both port and shipping

On the afternoon of August 10 Beijing Time, Fortune announced 2020 Fortune Global 500 List. COSCO SHIPPING ranked No. 264, up 15 places from the previous year. Since its reorganization in 2016, the corporation has jumped 201 spots on the li

Chinas foreign trade has the conditions and capabilities to achieve high-quality development even though COVID-19 has dealt a heavy blow to the global market, head of the General Administration of Customs (GAC) Ni Yuefeng told Xinhua in an

The Managing Director of Aries Group of Companies, and Founder Chair of Society of Naval Architects Marine Engineers-UAE Section,Ajith PJ, has been honoured with the Fellow Status by Society of Naval Architects and Marine Engineers(SNAME),

US horizontal drilling activity in oil basins, which has plummeted due to the Covid-19 pandemic, is not likely to materially recover this year, a new Rystad Energy analysis shows. Drilling permits, which are increasingly reliable indicators