On April 24, CSSCs 2020 second-phase corporate bonds were successfully issued on Shanghai Stock Exchange, with a scale of 3 billion yuan, a 3-year term, and a coupon rate of 2.38%. The corporate bond hit a record low in the domestic issuanc

The index developed by Shanghai Shipping Exchange has been there since 2009 and has been recognized by the related industries, and many would hedge the freight risks by buying or selling this particular freight index. Also freight traders w

China is set to release its first-ever quotas to export very low sulphur fuel oil (VLSFO) with total volumes of 10 million tonnes for this year, six industry officials with knowledge of the matter said on Tuesday. The quotas, which followed

Move over FedEx. Now theres a new fruit express shipping line for Southeast Asia. The line was officially launched on Monday at Dalian port in Liaoning province by China COSCO Shipping Corp. The first vessel for the Dalian route, the CSCL S

As the world is in a long battle with the COVID-19 pandemic, the international oil market, being an area that is highly susceptible to geopolitics, emergencies, and fluctuation in the economy, is a key area that has been affected too. Inter

As International Labour Day on May 1 approaches, it is more important than ever to remember the critical role played by seafarers in continuing to transport food, medicines and other essential goods during the COVID-19 pandemic, says INTERC

Singapores struggling oil giant, Hin Leong, is expected to get the cash it needs most, and Sinopec may be interested in acquiring its stake in Universal Terminal, a crude oil storage terminal. Universal Terminal is jointly owned by PetroChi

Recently, Guangzhou Shipyard International, a subsidiary of CSSC, has successively achieved 1 ship naming and delivery, 3 ships out of dock, and 2 ships in dock. A total of 6 ships and 6 major nodes have been completed. To turn on the Super

1.Singapores struggling oil giant, Hin Leong, is expected to get the cash it needs most, and Sinopec may be interested in acquiring its stake in Universal Terminal. 2.Chinas marine fuel market has in the recent days got a much-needed boost

Inmarsats Fleet Xpress users are now able to benefit from the launch of a free of charge COVID-19 video call with a trained health professional. The service has been developed with Inmarsats Certified Application Provider and crew health ma

Chinas marine fuel market has in the recent days got a much-needed boost due to a rise in valuations for the product in Singapore, as Ocean Bunkering Services, the bunkering arm of embattled oil trader Hin Leong Trading and one of the city-

Chinas March crude oil imports from top supplier Saudi Arabia fell 1.6% from a year earlier, while purchases from No.2 supplier Russia rose 31%, Reuters calculations based on customs data showed on Sunday. Chinas March crude oil imports ros

1.HMM Algeciras, the largest container vessel on earth with a TEU capacity of 24,000, started its maiden voyage from the port of Qingdao. 2.Chinese shipbuilder Cosco Shipping Heavy Industry said it has delivered a 28,000 cubic meter liquefi

CIMC SOE and German Hartmann Group signed an order contract for 3 + 2 5000 cubic meters of dual-fuel full-pressure LPG ships. This series of ships uses MANs LPG dual-fuel main engine and is the worlds first dual-fuel full-pressure LPG carri

Recently, CSSC Chengxi Shipyard and Japans owner Kumiai respectively signed a construction contract for a 37,000-ton asphalt carrier and a 50,000-ton MR tanker. Kumiai is a well-known Japanese shipowner who had been ordering shipbuilding in