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－

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