The Maritime and Port Authority of Singapore (MPA) has awarded two new bunker supplier licences to Minerva Bunkering and TFG Marine, following its call for applications for new licences in December 2019. Bunkering services in the Port of Si

1.As of April 15th, 3,500 crew members have shifted and boarded ships at the relevant ports in China. 2.Chinas comprehensive import price index for liquefied natural gas (LNG) went up last week, according to Shanghai Petroleum and Natural G

As of April 15th, 3,500 crew members have shifted and boarded ships at the relevant ports in the sea. It is expected that by the end of May, there will be about 10,000 crew members who need to be shifted and disembarked the ship. Ministry o

On the morning of April 17, the unveiling ceremony of China Merchants Jinling Shipyard (Nanjing) and China Merchants Jinling Shipyard (Jiangsu) was held in Yizheng. Wang Bingsong, member of the Standing Committee of Yangzhou Municipal Party

Running out of luck with creditors and facing mounting distress, Singapore giant oil trader Hin Leong Trading (HLT) and its sister company Ocean Tankers sought indulgence from 23 lenders on Friday (April 17) as it applied for court protecti

Chinas crude oil output rose 2.4 percent year on year to 48.57 million tonnes in the first quarter (Q1) of 2020, official data showed. During the same period, China processed about 149.28 million tonnes of crude oil, down 4.6 percent year o

Chinese oceanographic research ship Xiangyanghong 06 is sailing to the Pacific Ocean from a port in east Chinas Shandong Province for a 75-day expedition. The expedition team, led by the Ministry of Natural Resources, will focus on the rese

Chinas granting export quotas for refined oil products to non-State-owned refineries in the Zhejiang Pilot Free Trade Zone will ease the countrys domestic oversupply of petroleum products, while sharpening the competitive edge of local refi

Dalian Shipbuilding Industry established a new company and successfully purchased its bankruptcy and liquidation subsidiaries- DSIC Shipping Engineering and DSIC Steel for 624 million yuan. On April 16, CSSC issued a notice that DSIC Shippi

1.Chinas gross domestic product stood at 20.65 trillion yuan in the first quarter of 2020 amid COVID-19 impact, down 6.8 percent year on year. 2.Its a good opportunity for China to top up its strategic crude reserve as its reliance on impor

Classification society ABS has successfully completed a pilot project using 3D digital models to carry out surveys. The pilot was carried out with the National Steel and Shipbuilding Company (NASSCO). Surveyors used 3D digital models instea

The Sea Traffic Management (STM) concept project, STM BALT SAFE, has signed up 50 tankers that frequently sail in the Baltic Sea to an ECDIS update to enable route sharing. Wrtsil Voyage has won the contract to update the ECDIS systems. The

Battle Against Novel Coronavirus Chinas gross domestic product stood at 20.65 trillion yuan (about 2.91 trillion U.S. dollars) in the first quarter of 2020 amid COVID-19 impact, down 6.8 percent year on year, data from the National Bureau o

Global, sector-focused law firm assisted Abu Dhabi Ports on its purchase of bulk carrier Mv NIKI. HFW also provided completion services to all parties on the transaction, which was closed remotely via video conference due to Covid-19. Parti

Good chance for China to increase strategic crude reserves amid bargain price environment While oil price plunges will impact the global economy, which is already reeling from the coronavirus pandemic, China－the worlds top crude importer－