Hong Kongs Orient Overseas Container Line (OOCL), now a Cosco unit, together with its Ocean Alliance partners, has made changes in their transpacific service, to take effect late April or early May. With 7 Pacific Southwest Services (PSW] s

Chinas Commerce Ministry says the nations imports and exports improved in March, without elaborating. However, some foreign trade companies, especially textiles firms, have had existing orders delayed or cancelled and are having difficultie

1.China will exempt Chilean enterprises from VAT on their income from international transport business in China by ships or aircraft. 2.CMES has placed an order with Jinling Shipbuilding for four open hatch bulk carriers. 3.China will be th

On April 14, China issued a document, saying that Chile will grant equal treatment to Chinese international transport enterprises, while exempting Chilean enterprises from value-added tax for their income from international transport busine

New research published yesterday predicts that China will lead the $1bn autonomous shipping market by 2025. A new report published today by technology research and innovation consultancy Thetius, predicts that the Peoples Republic of China

Singapores oil trading giant Hin Leong Group, which is also one of the worlds largest tanker owners, has become the latest to feel oils whiplash amid an unprecedented drop in demand for the commodity. Given its girth, the companys debt woes

1.GCL Oil Natural Gas has entered into a framework deal with the Hague-based energy giant Shell to market and trade liquefied natural gas in eastern China. 2.The cargo throughput of Yantai port in East Chinas Shandong province reached 79 mi

China Merchants Heavy Industry will set up a joint venture with Singapore-based Dyna-Mac, a supplier of FPSO modules, to better develop the construction of high-end offshore equipment such as FPSO. On April 9, China Merchants Heavy Industry

Bank of Communications Financial Leasing plans to expand its fleet, ordering eight new VLOCs and one very large container ship. A source familiar with BoComm Leasing said that the company ordered four 325,000 dwt ships in Qingdao Beihai Shi

The South African Maritime Safety Authority (SAMSA) has vowed to take all possible steps necessary to prevent people abuse on board ships sailing on South Africas oceans, inclusive of taking such harsh punitive measures as necessary, as pro

Chinas crude oil imports in March rose 4.5% from a year earlier, according to official customs data, as refiners stocked up on cheaper cargoes despite falling domestic fuel demand and cuts in refining rates caused by the COVID-19 disease ou

China has issued a guideline on further beefing up the infrastructure construction and storage capacity of natural gas to promote the stable and sound development of the sector. Efforts should be made to optimize construction layout and str

On April 13, the two-year anniversary of the construction of Hainan Free Trade Pilot Zone started signing activities, which were held in Haikou and the branch venues of cities in Hainan. COSCO Shipping Group was invited to participate in th

1.Xu lirong selected as Chinas 50 most influential business leaders in 2020. 2.31 Foreign Workers Moved into Floating Accommodation at Tanjong Pagar Terminal, Singapore. 3.Financially troubled ship design and shipbuilding company Shanghai B

The Organization of the Petroleum Exporting Countries (OPEC) and other oil producers led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic. At an emergency video conference, the group,