Waigaoqiao Shipbuilding transfers abandoned newbuilds to leasing arm of CSSC Shanghai Waigaoqiao Shipbuilding has announced a plan to transfer 11 offshore newbuildings abandoned by owners to Tianjin Zhongchuan Jianxin Offshore Investment Ma

ICBC Invests in BW Offshores Catcher FPSO Operator of FPSO units BW Offshore has closed a contract with a nominee of the financial leasing firm ICBC Financial Leasing through which the nominee becomes an equity partner in the BW Catcher FPS

Yang Ming eyes orders for 20 boxships Taiwanese owner Yang Ming Marine Transport is considering a plan to order 20 contanerships made up of mega boxships and feeder boxships, Taiwanese media China Times has reported. The company plans to ta

Experts call for enhanced connectivity between China, South Asia under Belt and Road Initiative Experts stressed the need to enhance connectivity and trade between China and South Asia under the Belt and Road Initiative here on Monday. Spea

Worlds First 2000-ton Electric Ship Launched in China On November 12, the worlds first 2000-ton new energy electric self-unloading ship launched in Nansha, Guangzhou which was built by Guangzhou Shipyard International Company Limited for Gu

Titan Quanzhou Shipyard ruled to pay $79m to creditor Titan Petrochemicals has announced that subsidiary Titan Quanzhou Shipyard has received a civil judgment from Fujian Provincial Peoples High Court in a debt dispute between parent compan

Cosco further consolidates financing unit China Cosco Shipping Corporation is continuing its consolidation process following the merger between Cosco Group and China Shipping Group last year. Cosco Shipping Holdings has announced that the b

CNPC, Cheniere Pact for LNG Chinas state-owned oil company, China National Petroleum Corporation and U.S. independent energy company Cheniere Energy have signed a Memorandum of Understanding (MoU) for long-term sales and purchases of liquef

Jordan, China to sign MoU on cooperation under Belt and Road initiative Jordan and China are discussing the signing of a memorandum of understanding on cooperation as part of the Belt and Road initiative, Chinese Ambassador in Amman Pan Wei

Scorpio Bulkers snaps up three ultramaxes from Greathorse Emanuele Lauros Scorpio Bulkers continues to expand its ultramax fleet with the acquisition of three bulkers from Chinas Greathorse International Ship Management. According to a repo

General cargo ship sinks near Guangdong Chinese general cargo ship Yu Tong 1 sank near Huilai, Guangdong in stormy weather on Sunday. The incident happened when the vessel, carrying 5,000 tons of iron ore, was enroute from Maoming to Jieyan

Asian Floating Storage Declines as Crude Market Tightens Strong demand is tightening the market but rising US output could sap efforts to rebalance market. The amount of oil stored on tankers around Singapore has dropped sharply in the last

ASEAN and Hong Kong sign FTA The 10 member states of the Association of Southeast Asian Nations (ASEAN) and Chinas Hong Kong Special Administrative Region (HKSAR) signed a free trade agreement and an investment agreement on Saturday on the

Understanding the $250 billion China-US deal China and the US signed 34 deals worth more than 250 billion US dollars, covering multiple sectors, from infrastructure and medicine to energy and aviation. The largest one went to West Virginia.

Delfin seals China LNG deal Delfin Midstream has signed a preliminary 15 year sales deal with Chinas gas distributor China Gas Holdings, Reuters has reported. According to Frederick Jones, Delfin founder and chief executive officer, the dea