On April 28, Shanghai Bluesoul Environmental Technology and CITIC Capital signed a strategic cooperation agreement. Shanghai Bluesoul completed 100 million yuan A round of financing, CITIC Capital fully subscribed. Among them, this round of

On April 29, COSCO Shipping Heavy Industry(Dalian) named and delivered the 62,000DWT multi-purpose pulp ship N1009 built for COSCO SHIPPING Development andCNIC Corporation Limited. The ship is the 12thmulti-purposepulp shipbuilt byCOSCO Shi

Sinopec plans to import 17.4 million mt of LNG in 2021 and produce 34 Bcm of natural gas, including about 12 Bcm of shale gas, in an effort to meet domestic demand, while lowering carbon emissions, senior officials said during the companys

Chinese steel rebar and hot-rolled coils futures rose on Thursday, after Beijing announced adjustments on tax and tariffs for some ferrous products to support domestic crude steel production cuts. The countrys finance ministry said on Wedne

The Baltic Exchanges main sea freight index, which tracks rates for ships ferrying dry bulk commodities, climbed to its highest since mid-2010 on Thursday as demand improved for all vessel segments. The Baltic dry index, which tracks rates

In the first quarter of 2021 high-sulphur fuel oil (HSFO) has been the only bunker fuel to experience year-on-year growth in Singapore, the worlds largest bunkering hub. HSFO sales are up 47.2% from Q1 2020, reaching 3.1m tonnes. This is ho

The resurgence of Covid-19 in India has prompted fresh lockdowns across a number of states. While ports, steelmaking plants and refineries are deemed essential businesses and continue to operate, disruptions should be expected in the follow

With 20 years in the industry, Ecochlor has a long history of providing timely and expert support to their customers in keeping their ballast water management systems(BWMS) in compliance. They are not in this business for the short-term, th

CMES released its financial results for the first quarter of 2021, during which the company achieved an operating income of 3.596 billion yuan, down 24.81% compared with the same period last year. Net profit attributable to shareholders of

BOMESC Offshore Engineering Company Limited and MODEC Offshore Production Systems (Singapore) Pte. Ltd., a subsidiary of MODEC, Inc., signed an FPSO module design and construction contract. The FPSO, named Anita Garibaldi MV33, will be depl

TheToday Show by Nor-Shipping, the new maritime and ocean industries online talk show, has revealed its first guests, with DNB CEO Kjerstin Braathen and DNV counterpart Remi Eriksen heading to the studio for a high level Power Players discu

Long-term contracted ocean freight rates are continuing their dizzying ascent, with a 4.1% climb in April leaving container shipping costs up 21.1% year-on-year, with a rise of 23.5% since December 2020. According to the latest market intel

On April 28, the unveiling ceremony of the Engineering Management Center, the Future Development Research Center, the Equipment Support Center and the Planning and Development Research Center of CSSC was held in Beijing. Lei Fanpei pointed

China has announced the removal of VAT rebates on exports of 146 steel products from May 1, a move the market had been widely anticipating since February. The rebate of 13% of the VAT charged on exports of hot rolled coil, wire rod and reba

A solar panel retrofitting project for a ferry in the Pacific under the MTCC Pacific showed fuel savings of 32% in operation and 87% reduction in GHG emissions at anchor. A key project to support the reduction of GHG emissions from shipping