China has issued more non-state crude oil import quotas to refiners, for a total of 26.84 million tonnes (195.93 million barrels) in its third batch for 2020, three sources familiar with the matter told Reuters on Thursday. A total of 17 co

Singapores residual fuel oil inventories jumped 6% in the week to July 8 to a more than three-year high, official data showed on Thursday, as limited bunker demand and steady imports pushed supplies higher. This came as Singapore became for

The interim judicial managers of Ocean Tankers Pte Ltd - a troubled unit of the crumbling Hin Leong empire and one of the worlds largest operators of oil tankers - have raised doubts over the firms exposure to nearly US$1 billion of potenti

On July 7, CSSC Marine Power and Yangzijiang Shipbuilding Group signed a contract for the construction of 2+8 WinGD9X92DF main engines. The series of main engines signed this time will be used for the 14000TEU dual-fuel powered container sh

1.Chinese state-run shipping giant Cosco Shipping has entered into an agreement with Alibaba and its fintech affiliate Ant Group. 2.Chinese dry bulk carrier operator Ningbo Marine has secured a certification from China Maritime Safety Marit

Chinas Nanjing Iron Steel Co Ltd said on Wednesday it has completed its first blockchain-backed trade in iron ore after booking a $16.87 million shipment of the steelmaking ingredient from a joint venture of miner Rio Tinto. Blockchain, a d

CNCo will separate out its dry bulk shipping activities from its liner shipping and fleet management business and establish Swire Bulk as a standalone privately held company head-quartered in Singapore. CNCo established Swire Bulk as a divi

At about 0800hrs on 7 July 2020 (Singapore time), the Maritime and Port Authority of Singapore (MPA) was informed by the Malaysian authorities that three persons had fallen overboard from a craft approximately 2.1 nautical miles off Tuas. M

China Merchants Energy Shipping issued the pre-increase announcement of performance in the first half of 2020, the company is expected to realize the net profit attributable to shareholders of the listed company in the first half of 2020 is

1.Chinas bulk commodity market saw slower growth in June amid shrinking sales, industrial data showed. 2.China Tianjin Shipping Index (TSI) stood at 621.53 points Tuesday, up 0.92 percent compared with the previous working day. 3.A total of

Maritime charityinvites all seafarers to virtual service of Sea Sunday for the conclusion of Seafarers Awareness Week International seafarer welfare charity, The Mission to Seafarers, today announced that its annual Sea Sunday celebrationsw

Taiwans Yang Ming has said its carbon emissions per TEU/kilometre have dropped by 51 per cent since 2008 and that it has reached IMO sustainability 11 years ahead of schedule. To achieve this, Yang Ming said it has formulated several long-t

A total of 93 vessels carrying 15.79 million mt of iron ore arrived at eight major Chinese ports during June 28-July 4, SMM estimates. This was down 400,000 mt from the prior week but up 1.95 million mt from the previous year. The amount of

China Tianjin Shipping Index (TSI), an indicator of northern Chinas ocean freight rates for both international and domestic shipping markets, stood at 621.53 points Tuesday, up 0.92 percent compared with the previous working day. The statis

Soyoil prices in Argentina, the worlds largest exporter, spiked on Tuesday on news that the European Union bought three SME (soyoil methyl ester) biodiesel cargoes during the past 24 hours, propelling prices of the feedstock to their highes