New Times Shipbuilding has secured a new order for four 158,000 dwt suezmax tankers from two European shipowners. Allied Shipbroking and VesselsValue both confirmed that two of the four vessels were ordered by Viken Shipping, the Norwegian

In recent years, international oil markets have witnessed collapsing oil prices as a result of an excess in supply and a corresponding decrease in demand as consumer behaviour switches slowly away from a dependency on oil. Oil refineries an

1.Oil prices gained on Tuesday as market participants bet on extending output cuts by major oil producers. 2.Chinese private yard New Times Shipbuilding has secured new orders for four 158,000 dwt suezmax tankers from two European owners. 3

Cargotec has completed the sale of its share of the joint venture Rainbow-Cargotec Industries Co., Ltd (RCI) in China. As part of the agreement, Cargotec acquired certain operations and assets of the joint venture from Jiangsu Rainbow Heavy

Oil prices gained on Tuesday as market participants bet on extending output cuts by major oil producers. The West Texas Intermediate for July delivery climbed 1.37 U.S. dollars to settle at 36.81 dollars a barrel on the New York Mercantile

Korean Register (KR) has signed a five-year agreement with German ship management company Held, to provide ISO 9001 Certification, ISM Company Audit (DOC), ISM Ship Audits (SMC) and ISPS and MLC compliance services for the companys fleet of

China Merchants Port signed a strategic cooperation framework agreement with Alibaba Group and Ant Financial Services Group. The signing of the contract aims to fully implement the requirements of Premier Li Keqiang at the two sessions to s

On June 1,COSCO SHIPPING Heavy Industry (Yangzhou) held a cadre meeting. Chairman and General Manager of COSCO SHIPPING Heavy Industry Liang Yanfeng attended the meeting. The company leading group members, each department assistant above mi

1.Chinese authorities on Monday released a master plan for the Hainan free trade port to build the southern island province into a high-level free trade port. 2.Chinas coastal bulk freight market has seen a decrease in general demand in the

Chinas transport industry recovered faster in April with some indicators reporting growth, official data showed. The countrys cargo throughput at ports increased 4.1 percent year on year to 1.19 billion tonnes in April, recovering from a 2.

Oil prices settled mixed on Monday, following massive gains in the prior month. The West Texas Intermediate (WTI) for July delivery lost 5 cents to settle at 35.44 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude

The Ministry of Transport held a regular press conference in May to release information on the guidelines of NPC and the plan for the next step. External defense input, internal defense rebound is the focus of current epidemic prevention an

On May 29, China State Shipbuilding Corporation, Peoples Government of Guangdong Province and CNOOC signed the cooperation framework agreement on the power transformation project of inland waterway LNG ship in Guangdong Province. According

1.Sinopec has signed an investment contract with the government of Zhoushan city in China to build a 20 billion yuan LNG terminal. 2.Zhejiang Seaport Shipping had entered into shipbuilding contracts with Yangzijiang Shipbuilding for the con

The volume of crude stored on ships in Asia has come off the peaks seen earlier this month on a recovery in demand in China and India, trade sources and analysts said. A total of 3.4 million tonnes (24.8 million barrels) of crude oil was di