1.CSSC and Qatar Petroleum formally signed a Qatar Petroleum-CSSC LNG Ship Construction Project with a total amount of more than 20 billion yuan. 2.Chengxi Shipyard was offered another olive branch by Kumiai Senpaku who placed newbuilding o

China must be prepared to deal with future shocks The United States is the worlds largest crude oil consumer thanks to its highly developed aviation industry, huge number of private cars and wide range of energy-consuming industries. Yet th

Chengxi Shipyard was offered another olive branch by Kumiai Senpaku who placed newbuilding orders of one Asphalt Tanker plus one 50,000 MR Tanker. As a visionary shipbuilder, Chengxi is committed to providing diversified vessel types for ow

East Chinas Shandong province reported a 12-percent year-on-year growth in trade with Belt and Road (BR) countries in the first quarter, despite a slight drop in its overall foreign trade due to the coronavirus epidemic, local authorities s

On April 20, the ship SEACOR ANDES, a platform supply vessel (PSV) project built by COSCO SHIPPING Heavy Industry (Zhoushan) for SEACOR, an operator of offshore ships, was successfully delivered. Ching Kok Yen Andy, representative of the sh

1.IMO Secretary-General Kitack Lim published personal message to seafarers. 2.Facing the outbreak of COVID-19, terminals under COSCO SHIPPING Ports (CSP) published their hard-won business results for the first quarter of 2020. 3.Chinas Hudo

Chinese iron ore futures slumped on Tuesday, retreating from a more than 8-1/2-month closing high hit in the previous session, on concerns about surplus supply of the steelmaking raw material as the coronavirus hit demand outside China. Ste

Analysts said the US oil futures price turning negative reflects an energy market continuing to reel from the dual demand-supply shock amid the COVID-19 pandemic, and China should further increase domestic oil and gas storage facility const

N o Serious Impact on Oil Trading and Bunkering Sectors; Banking System Remains Sound In response to media reports, Enterprise Singapore (ESG), the Maritime and Port Authority of Singapore (MPA) and the Monetary Authority of Singapore (MAS)

No Serious Impact on Oil Trading and Bunkering Sectors; Banking System Remains Sound In response to media reports, Enterprise Singapore (ESG), the Maritime and Port Authority of Singapore (MPA) and the Monetary Authority of Singapore (MAS)

1.US oil prices crashed to the negative -37.63 dollars a barrel for the first time in history on Monday, fueled by pandemic-related demand shock and oversupply fears. 2.UK-based energy giant BP has signed a liquefied natural gas supply deal

On April 17, CSSC released its annual report for 2019, with operating revenue of 23.136 billion yuan, up 36.82% year on year. The net profit attributable to shareholders of the listed company was 405 million yuan, down 17.26% year on year;

US oil prices crashed to the negative territory for the first time in history on Monday, fueled by pandemic-related demand shock and oversupply fears. The West Texas Intermediate (WTI) for May delivery shed 55.9 U.S. dollars, or over 305 pe

As the world faces unprecedented destruction in oil demand brought about by the coronavirus pandemic, China has in recent weeks emerged to be the only respite for crude sellers seeking to offload their cargoes, market sources told SP Global

US WTI Crude Oil Collapses to Negative -$37.63 Per Barrel -The May contract for the first time in history Trader: Sorry Sir, I am not sure whether you are selling or buying? Oil Company: I am selling. Trader: Are you sure? But you pay me? O