Saudi Arabias continued output discipline and Venezuelas struggles under US sanctions led OPECs crude oil production in February modestly lower to 30.80 million b/d, an SP Global Platts survey of industry officials, analysts and shipping da

Chinas coal demand is expected to fall at a snails pace over the next 20 years due to the countrys preference for the cheap fossil fuel, a report said Thursday. Chinas demand for coal is projected to reach 2.39 billion tons of coal equivale

A private ship-repairs firm has become a model in the development of the private sector in China. In the Xinya Shipyard, large ocean vessels are seen everywhere along the 1,500 meters of coastline in Zhoushan City of east Chinas Zhejiang Pr

1.The second session of Chinas 13th National Peoples Congress was opened in Beijing on 5 March and Premier Li Keqiang delivered the government work report and stated national plans for several industries in the meeting,including development

The Philippine National Oil Company has joined its compatriot Phoenix Petroleum and Chinese CNOOC Gas and Power Corp. on the $2 billion LNG import facility. The state-run PNOC signed a memorandum of understanding with the two partners for t

Namibias new container terminal at the coastal town of Walvis Bay which was constructed by a Chinese company will be commissioned on August 1 this year, Acting Chief Executive Officer of Walvis Bay Corridor Group Clive Smith told reporters

In a recent development, Sinopec Corps subsidiary refinery has announced that they have delivered their first shipment of low sulfur bunker fuel that meets IMO standards in the southern island province of Hainan, reports Reuters. How was it

1.As data from the National Bureau of Statistics highlight, the overall freight volume transferred to China experienced an increase of 7.1% year-on-year to 51.5 million tonnes in 2018. 2.New York-listed global insurer Chubb has received app

Seabury Maritime LLC, the global maritime and transportation investment merchant banking and industry advisory firm, a division of Seabury Capital Group LLC, released a whitepaper, produced in cooperation with Gemini Shippers Group, providi

New York-listed global insurer Chubb has received approval from the CBIRC to increase the companys ownership in Huatai Insurance Group Company to 26.2% from its current 20%, with effect from 27 February 2019. With the increased Chubb stake,

The Maritime and Port Authority of Singapore (MPA) will host the 37th ASEAN Maritime Transport Working Group Meeting (MTWG) from 5 to 7 March 2019. The MTWG is the principal coordinating and implementing arm of the ASEAN Senior Transport Of

Global VLCC freight rates are expected to be well supported this year and in the next as a large number of them will go for maintenance, and also install a ballast water treatment system at a time when there is also more demand to move crud

1.China Ship Finance Offshore Summit is held today at Ritz-Carlton Hotel, Pudong, Shanghai. 2.Several marine incidents have taken place off Ningde or Kement Port of Fujian Province in the past 15 days. Vessels voyaging to that region are re

The International Chamber of Shipping has chosen Hong Kong as its base for the organisations liaison office to China, it has been learned. As yet it appears there has not been an official announcement. Hongkongmaritimehub.com understands th

The formal establishment of diplomatic relations on 12thJune, 2017 between China and Panama opened up broader prospects for bilateralcooperation in various fields. Shipping and related service industries havetaken a vital role in the develo