Oil prices went down on Thursday as official data showed U.S. crude inventories rose unexpectedly last week. The Energy Information Administration said on Thursday that U.S. crude inventories rose by 1.2 million barrels in the week ending J

London Crude oil futures remained mixed during morning trade in Europe Thursday, as US President Donald Trump again tweeted critical comments against OPEC, blaming the oil producer group for the rise in gasoline prices. At 1059 GMT, ICE Sep

Bjorn Hojgaard, chief executive of Anglo Eastern Group, Hong Kongs largest ship manager, has thrown his weight behind a proposal to halve corporate tax rates for ship leasing companies and maritime support firms to 8.25%. In May this year H

The Ocean Alliance is changing its Middle East services to offer a total of four loops serving Asia and Middle East ports by merging the existing ME2 product into the ME1 to form a single loop. Service coverage will continue to include main

The service provided by container shipping lines has deteriorated since 2016 and is now seen by exporters, importers and freight forwarders as more problematic, according to the second annual shipper satisfaction survey of Drewry and the Eu

Seeing some 1.5 million passengers in 2017, Shanghais Wusongkou International Cruise Terminal (WSK) has become Chinas central cruise hub. The entire country saw 2.39 million passengers last year, giving Shanghai close to 60 percent of the m

1.Chinese shipping giant Cosco, having sent 10 ships along the Northern Sea Route to western Europe through the Arctic Ocean north of Russia, now plans to send 10 more this summer, reports Norway's Independent Barents Observer. 2.

Chinas first self-developed submarine pipeline survey vessel was officially delivered on Wednesday in south Chinas Guangdong Province. The vessel, code-named Offshore Oil 791 is 65.2 meters long, with the maximum load of 1,200 tonnes and a

Shanghai rebar steel futures rose on July 4 after China said it will intensify the closure of outdated and excess steel capacity from this year through 2020 as part of its anti-pollution plan. But prices ended well below the days peaks as a

CHINESE shipping giant Cosco, having sent 10 ships along the Northern Sea Route to western Europe through the Arctic Ocean north of Russia, now plans to send 10 more this summer, reports Norways Independent Barents Observer. The report, whi

On the morning 3rd July, 2018, our company built for Korea owner one unit 15000DWT Self Unloading Coal Carrier, a special transferring vessel named JK GUNJANG. It sail smoothly advance one month compared with contract delivery date. At the

The Mahe gas field of Xinjiang Oil Field Company produced 8.37 billion cubic meters of natural gas by June 21, with Manna 001 single-well gas output exceeding 2 billion cubic meters, sources said. The Mahe gas field commenced operation in N

BEIJING - An oceanic monitoring system is in stable operation in Penglai, East Chinas Shandong province, according to the National Ocean Technology Center Sunday. The quantitative online monitoring and observation system was launched on Jun

1.The takeover of Orient Overseas International, the parent company of Hong Kong’s Orient Overseas Container line, by China Cosco Holdings finally appears to be a done deal. 2.Taiwan's container line Evergreen has announced enhancem

Owners hopes of rebalancing the moribund market will demand cautiousmarketing and discipline. Position lists stacked with over 50 MR tankers in the 10-day forwardwindow since the beginning of May are weighing heavily on freight rates, withs