On July 3, COSCO SHIPPING Group Party School/Enterprise University/Research Institute/Qingdao Ocean Shipping Mariners College was officially unveiled in Qingdao. The establishment of enterprise university is a concrete action of the group t

1.CMES has approved a plan for the company to acquire 70% equity interest of its Singapore-based bunkering unit China Merchants Energy Trading. 2.Following an incident where a crew member was diagnosed with COVID-19 upon arrival in Singapor

China Merchants Energy Shipping (CMES) has agreed to acquire 70% of equity interest in Singapore-based bunker trader China Merchants Energy Trading (CMET) from a sister company China Merchants Hoi Tung. The tanker and oil shipping giant sai

Chinas benchmark power coal price remained flat during the past week. The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of coal prices in north Chinas major ports, stood at 533 yuan (about 75.47 U.S. dollars) per tonne Wednesday, accordi

The volume of floating crude cargoes in Chinese waters has hit a record high, dampening Chinese refiners buying interest in August-onward deliveries, refiners and analysts said July 2. There were 42.98 million barrels of crude on tankers id

Chinese ports are struggling to unload record volumes of crude with storage tanks full after the country rushed to buy extra barrels during Aprils oil price crash, according to traders and shipping data seen by Reuters. More than 80 million

Chinese authorities have rolled out preferential income tax plans for companies and individuals in the southern island province of Hainan to build it into a globally-influential free trade port. According to a circular jointly issued by the

After a signing-on crew member was found to be positive with COVID-19 upon arrival in Singapore, the Maritime and Port Authority (MPA) has had to muster significant resources to trace travellers who were in proximity with the affected indiv

The COVID-19 outbreak has had a huge impact on the natural gas industry chain. The order of eight CNG vessels worth nearly 8 billion yuan has been delayed by the ship owners. On June 30, CNG company GlobalEnergy Ventures (GEV) announced tha

1.Chinas Jiangnan Shipyard held a keel laying ceremony on Tuesday for the first of two Exmars very large gas carriers. 2.CSSC Shipping has secured a ten-year term loan facility of $123.46m to refinance the acquisition of seven vessels. 3.CO

WinGD has unveiled a new technology designed to slash methane emissions and cut fuel consumption in its X-DF dual-fuel engines. The launch of Intelligent Control by Exhaust Recycling (iCER) is the first development to be introduced as part

OOCL proudly received the Fuel Efficiency Award at the Seatrade Maritime Awards Asia 2020 for its achievement in fuel savings and efficiency improvements. This annual industry event pays tribute to companies with remarkable achievements in

An international summit called to address the crew change crisis brought about by coronavirus pandemic lockdowns will be held in London on July 9. The meeting is led by the UK Government and aims to involve political and business leaders fr

The annual import quota for seaborne coking coal at Chinas major coking coal port, Jingtang has been nearly exhausted and the authorities are temporarily halting customs declarations, sources told SP Global Platts July 1. This may have an i

Oil product tankers earnings have skyrocketed in the first half of 2020, while the sale and purchase (SP) activity of the oil product tanker market has slowed to the lowest level since 2016. Data from VesselsValue highlight that in the firs