On December 28, Highlander issued an announcement, proposing to issue 79,552,100 shares at a price of 12.5 yuan per share to Shenzhen SEZ Construction and Development Group, raising 994 million yuan for replenishment of working capital and

On December 28, Yangzijiang Shipbuilding signed a contract for the construction of two 24000TEU ultra-large container ships. 24000TEU container ship is a new generation of ultra-large container ship with the largest load and packing capacit

U-Ming Marine Transport (Singapore), a fully-owned subsidiary of U-Ming Marine Transport Corporation, has held a christening ceremony at Qingdao Beihai Shipyard for M.V. Grand Wisdom, its second 325,000 dwt Very Large Ore Carrier (VLOC). Th

Sinopec Corp pledged on Tuesday to maximise domestic gas productions and raise imports of liquefied natural gas (LNG) to record rates as a cold spell hitting large parts of the country this week lifts demand for the winter heating fuel. On

China has taken measures to secure natural gas, electricity and coal supplies ahead of another expected cold snap in coming days, the countrys top policy planner, the National Development and Reform Commission, said in a Dec. 28 press confe

On December 25, Yingkou Port Group, the controlling shareholder of Yingkou Port, planned to transfer 7.2% of the companys shares to PanSteel Group. On the evening of December 27, Yingkou Port further disclosed the details of the transaction

As the year 2020 comes to an end, Chinas shipbuilding industry finally ushered in good news! Hudong Zhonghua and Jiangnan Shipyard jointly received orders for four 24000TEU ultra-large container ships worth up to US $600 million. Hudong Zho

In November 2020, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 161.13 points, up 10.78% from the previous month and up 13.83% year-on-year; the export tr

China has raised quotas for refined fuel export volumes by 5.4% year-on-year in its first batch of 2021 to seven firms, including a private refiner, according to a state-run energy exchanges blog and one of the recipient companies. The coun

China imported 6.61 million mt of LNG in November, up 31.6% month on month and 1.6% higher year on year on rising domestic demand despite higher prices, according to data released Dec. 26 by the countrys General Administration of Customs. L

On December 25, Hangzhou Port Group, jointly established by Zhejiang Seaport Group and Hangzhou Transportation Investment Group, was unveiled for operation. The heads of relevant departments of the companies of both parties, the leadership

With its profits soaring and the need to meet immediate market demand, Wan Hai Lines plans to buy second-hand container ships for $360m. The soaring freight rates of container ships in Europe and the United States have also led to a sharp r

Chinas crude oil imports from the United States soared 13 fold in November from a year earlier to the third highest on record, customs data showed on Friday, as companies accelerated energy purchases set out under a trade deal with Washingt

The China Tianjin Bulk Freight Index (TBI), an indicator of northern Chinas international bulk freight rates, stood at 804.68 points on Thursday, up 0.92 percent compared with the previous working day. The statistical samples of TBI cover e

Chinese imports of U.S. soybeans in November more than doubled from the previous year, customs data showed on Friday, as cargoes booked following a Phase 1 trade deal between the United States and China arrived in the country. The worlds to