1.Under the agreement, Zhejiang Seaport Group will invest RMB5bn ($740m) to acquire 20% equity shares in SIPGs subsidiary Shanghai Shengdong International Container Terminal Company, the operator of Yangshan Port. 2.Chinas container shippin

The economic benefits of Chinas steel industry hit a record high in 2018 as the industry continues to press ahead with supply-side structural reforms, with the industrial structure constantly optimizing and the market improving, the website

China National Petroleum Corporation (CNPC), the countrys largest oil and gas producer and supplier, reported strong output and sales in January. The companys Daqing Oilfield, Chinas largest oilfield situated in the northeastern Heilongjian

China saw its crude oil imports in January reach 10.07 million barrels per day, up 5.1 percent year-on-year, figures from the General Administration of Customs showed last week. This was the third time Chinas monthly crude imports breached

1.China National Petroleum Corp., the worlds third-biggest oil company, plans to build 23 new gas storage facilities and expand 10 existing ones by 2030, with working gas capacity exceeding 15 billion cubic meters, the company said Sunday.

Pricing is under pressure ahead of the February 20, 2019 deadline for the marine protection and indemnity (PI) renewal for ship-owners. Competition in the sector remains strong, exacerbated by a growing fixed-premium market, according to a

China National Petroleum Corp., the worlds third-biggest oil company, plans to build 23 new gas storage facilities and expand 10 existing ones by 2030, with working gas capacity exceeding 15 billion cubic meters, the company said Sunday. Th

Russian gas giant Gazprom and the China National Petroleum Corporation (CNPC) have discussed plans for the supply of national gas to China. Gazprom said that the parties reviewed a wide range of issues related to cooperation between the com

What has gone wrong at the start of 2019 with a string of accidents and casualties? I read this opinion article, published on the gCaptain.com web site originally, by Capt Rich Madden, which I wanted to share with followers of the IIMS Link

Asian governments have been hard at work improving the facilities and easing the regulations to attract more superyachts to cruise in the region and spend time in their marinas. The value of this category of marine tourism is high and bring

Edward Liu explains why it is vital for HK to be a base for developing global shipping and trading companies on the Chinese mainland In the World Economic Forum annual winter meeting held in Davos earlier this year, the International Moneta

1.Chinese state-run shipping giant Cosco is ordering up to 30 newcastlemax bulk carriers at domestic yards to support its long-term shipping project with Aluminum Corporation of China (Chalco), marking the largest ever bulker order placed b

Chinas manned deep-sea submersible Jiaolong is scheduled to dive 7,000 meters into the Marianas Trench in the western Pacific Ocean, the worlds deepest known natural trench, in July as part of the countrys effort to make its mark in explori

Maritime research consultancy Drewry believes that the industrys supply-demand balance will benefit from a reduced appetite for Ultra Large Container Vessels (ULCVs) among the major carriers, some of which now have their eyes fixed on a big

The major chunk of global energy supply growth is expected to come from renewables and natural gas over the next two decades, but steep investment in oil exploration and production will be needed to meet crude demand in 2040. The global ene