Zhanjiang, a coastal city in the southwest of Guangdong province, will rely on its advantages in location, resources and industries to integrate with the development of the Guangdong-Hong Kong-Macao Greater Bay Area, according to senior off

Russian giant Gazprom discussed the development prospects of the Chinese gas market with CNPC. Gazproms head Alexey Miller and CNPC chairman Wang Yilin discussed strategic aspects of cooperation between the two companies, paying particular

1.Chinese shipbuilder DSIC will convert an existing VLCC on order with Cosco Shipping into a vessel equipped with a propelling system that can burn both fuel oil and LNG. It is also mulling a foray into LNG carrier newbuilding markets at th

1.Seacon Ships Management has bolstered its operated fleet with two ultramax bulker newbuildings, two secondhand supramax and two kamsarmaxes. 2.Despite a rise in volumes and revenue, the net profit of Hong Kong-based port operator COSCO Sh

A draw down in Iranian exports is far from certain, although the market is being tested to show what the reduction to zero would be. A good place to start is by analysing the exports from Iran and their destinations in 2017, and then lookin

Global aluminium production flatlined in the first quarter of this year, according to the International Aluminium Institute (IAI). A couple of long-running outages together with curtailments in Europe caused production outside China to dip

1.Cosco Shipping Holdings posted stronger results for the first quarter, riding on higher freight rates and acquisition of OOIL.The company realized a net profit attributable to equity holders of the company of RMB687 million, surged 280% f

On April 18, 2019, Secretary of Jiangsu Provincial Party Committee Mr. Lou Qinjian and Governor of Jiangsu Province Mr. Wu Zhenglong met with a delegation headed by Party Secretary and Chairman of COSCO SHIPPING Capt. Xu Lirong. Other parti

Crude oil futures opened higher Thursday on the Shanghai International Energy Exchange. The most active crude oil contract for June delivery was up 1 yuan (about 15 U.S. cents) to open at 498.8 yuan a barrel. China launched the crude oil fu

With 1,000 Smart Cable Guard systems implemented in its power grid, Dutch Distribution System Operator Alliander has confirmed its commitment to safeguarding the reliability of the power grid in the Netherlands. Smart Cable Guard is DNV GLs

CSCL Mercury, a Chinese container ship with a capacity of 14,000 TEU (twenty-foot equivalent unit), on Saturday became the first visitor to the CSP Abu Dhabi Terminal of Khalifa Port in the United Arab Emirates (UAE). The CSP Abu Dhabi Term

DHL Global Forwarding, an international provider of air, sea and road freight services, recently announced a road freight service along the Hong Kong-Zhuhai-Macau Bridge that connects the West Pearl River Delta manufacturing zones in mainla

Yantai, a coastal city in East Chinas Shandong province, saw its foreign trade rise 5.3 percent year-on-year to 21.83 billion yuan ($3.25 billion) in March, according to Yantai customs. Its exports reached 13.24 billion yuan, up 13.7 percen

On April 18, 2019, the naming ceremony for M.V. Yuan Shen Hai, another 400K DWT VLOC of COSCO SHIPPING, was held at COSCO SHIPPING Heavy Industry in Yangzhou. Chairman and Party Secretary of COSCO SHIPPING Capt. Xu Lirong, Director and Depu

1.John-Kaare Aune has been appointed the new managing director, Ship Management for Hong Kong-based Wallem Group. He is expected to take up the post from 1 July 2019. 2.Chinas Jinling Shipyard has started construction of the first hybrid ro