On June 19, Jiangnan Shipbuildings sixth VLGC of the year, 84,000 cubic meters, and the second VLGC built for China Gas, CHINAGAS GLORY, returned to the companys No. 5 terminal after a five-day trial. CHINAGAS GLORY will be put into the eli

Capesize The Capesize market trajectory this week has been one of the steepest rallies the sector has experienced. Opening at $12,410, the sector had almost doubled to $25,511 by the end of the week as the Atlantic basin surged into life. A

Frank Coles, managing director of Wallem, has issued a stark warning to governments across the world. They ignore the months-long plight of seafarers unable to get home, at their peril. I think that some ships will stop. I have no doubt, he

To implement phase one trade deal requires China and the United States to create conditions and remove obstructions, WeChat account Taoran Biji said in a commentary on Friday. Excerpts are below: On Thursday, Vice-Premier Liu He said in his

Eight months after the announcement of the reorganization plan, Zheshang Development announced the adjustment plan. On June 15, Zheshang Development announced that, according to the actual situation of the securities market and through the

1.Chinas new low-sulphur fuel oil (LSFO) futures contract made strong gains in its debut trade on Monday. 2.The Baltic Exchanges main sea freight index inched higher on Monday, helped by stronger demand for panamax and supramax vessels. 3.C

China aims to produce 1% more crude oil this year than in 2019 and to boost natural gas output by 4.3%, official targets showed on June 22, as the country seeks to safeguard energy security even after a coronavirus-driven collapse in oil pr

The Baltic Exchanges main sea freight index inched higher on Monday, helped by stronger demand for panamax and supramax vessels. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesiz

This year, the annual Day of the Seafarer (DotS) will be celebrating its 10th anniversary on 25 June. 2020 campaign Seafarers are Key Workers ​Seafarers are on the frontline of the COVID-19 pandemic, playing an essential role in maintaini

The ITF and the Joint Negotiating Group, along with the International Chamber of Shipping have worked tirelessly since the outbreak of the Covid-19 pandemic on finding solutions to the issue of crew changes. The ITFs Enough is enough campai

Chinas new low-sulphur fuel oil (LSFO) futures contract made strong gains in its debut trade on Monday, rising as much as 16.7 per cent on the Shanghai International Energy Exchange (INE). The front-month January contract, with a listing pr

1.Chinas marine fuel futures contract that debuts on Monday on the Shanghai International Energy Exchange (INE) is likely to attract strong interest. 2.The reemergence of COVID-19 cases in Beijing is expected to dampen oil demand as flights

Chinas marine fuel futures contract that debuts on Monday on the Shanghai International Energy Exchange (INE) is likely to attract strong interest, despite weakened ship fuel demand amid the coronavirus pandemic, industry participants said.

A marine ranching platform equipped with a 5G communication base station was delivered to Changdao Island, Yantai, Shandong province, becoming first of its kind to use 5G technologies in China. The platform, known as Changyu 1, at a length

The reemergence of COVID-19 cases in Beijing is expected to dampen oil demand as flights are canceled, schools shut and neighborhood lockdowns initiated, but the extent of demand destruction for both oil and gas will depend on how swiftly t