Panic drove crude-tanker rates up, very briefly, to mind-bogglingly high assessed levels of around $300,000 per day. Now, the fear factor has been contained. Charterers of very large crude carriers (VLCCs, tankers that carry 2 million barre

2019 International Ship Management and Technology Forum, co-organized by China Ship owners Association (CSA) and Xinde Marine News, supported by Dalian Maritime University (DMU) and BIMCO, will be held on Dec 4, 2019 in Shanghai. The future

1.Reference is made to the last circular (Huatai Circular--PNI1813 issued in Aug. 2018) on fishery farm claims at Lanshan, China. 2.Under the sincere greetings from Chinese President Xi Jingping, the 2019 China Marine Economy Expo (CMEE) he

The Shanghai Futures Exchange will introduce crude oil options and index futures to meet the growing demand for futures products and tools in China, bourse officials said on Tuesday. The yuan-denominated crude oil futures were unveiled on M

To strengthen collaboration on cyber resilience and response amongst 15 port authorities, the Maritime and Port Authority of Singapore (MPA) tabled a proposal to form and lead a Port Authorities Chief Information Officer (CIO) Cybersecurity

1.China saw robust growth of major bulk commodity imports in the first nine months of this year, data from the General Administration of Customs (GAC) showed Monday. 2.Chinas Yantai Port Group aims to launch two jointly-owned liquefied natu

Visitors look at the model of the Chinas manned submersible Jiaolong at the 2019 China Marine Economy Expo in Shenzhen, south Chinas Guangdong Province, Oct. 15, 2019. The expo, under the theme of Sharing Blue Economy Opportunities, Buildin

Chinas research icebreaker Xuelong, or Snow Dragon, has returned to Shanghai after a recent complete overhaul, ready for the countrys upcoming 36th Antarctic expedition, according to the Ministry of Natural Resources Monday. The vessel will

1.Freight rates of VLCCs have surged to a high of $300,000 a day in a market boosted by a quick succession of unrelated incidents, as the different events have reinforced each other to lead to the spike. 2.Sinochem Energy Co Ltd, the energy

The Maritime and Port Authority of Singapore (MPA) has revoked the bunker craft operator licence of Inter-Pacific Petroleum Pte Ltd (Inter-Pacific) with effect from 15 October 2019. Inter-Pacific will not be allowed to operate as a bunker c

Sinochem Energy Co Ltd, the energy business arm of Chinas state-owned Sinochem Group, will operationalize the second phase of its Quanzhou refinery base in eastern Chinas Fujian province in 2020. This move will raise its annual petroleum re

Chinas foreign trade volume rose 2.8 percent year on year in the first nine months of 2019 to 22.91 trillion yuan (about 3.24 trillion U.S. dollars), the General Administration of Customs released Monday. Chinas export volume rose 5.2 perce

Chinas first research and testing base for unmanned surface vessels will be put into operation by the end of this year, becoming a public technology service platform for marine equipment between Guangdong province and the neighboring Hong K

On Oct 8, the Haikou Maritime Court successfully settled a dispute over a loan contract worth up to 275 million yuan ($38.8 million) between the French banking giant BNP PARIBAS and Brightoil Gem, a Hong Kong-based shipping company, through

What is the ISPS Code? ISPS or the International Ship and Port Facility Security Code is an essential maritime regulation for the safety and security of ships, ports, cargo and crew. The biggest challenge the world is facing today is fighti