Refinery Rationalisation Refinery rationalisation is back on the agenda. With a prolonged weakness in refinery margins due to Covid-19 related demand destruction and an uncertain future for hydrocarbon consumption, many refiners have decide

On August 27, 2020, CIMC issued a notice entitled Resignation of Chairman and President, Election of Chairman, Director, President and Appointment of special committee members of the Board of Directors. According to the announcement, Wang H

On January 21, 2020, Ningbo Zhoushan Port proposed a proposal related to the non-public issuance of A-shares. The non-public issuance of shares is domestically listed RMB ordinary shares (A shares), each with a par value of RMB 1.00. The no

Chinas Cosco Shipping Heavy Industry has recently won a repair contract for the 174,000-cbm LNG carrier CESI Wenzhou. The 290 meters long vessel will arrive at CSHIs yard in Shangai in early September for repairs including cargo pump and ca

Mysteels PORTDEX 62% Australian Iron Ore Fines price dropped Yuan 5/wmt ($0.7/wmt) on day to Yuan 947/wmt FOT Qingdao and including the 13% VAT on August 26. On Wednesday too, the SEADEX 62% Australian Iron Ore Fines index rose by $2.55/dmt

Indian state refiners have stopped buying crude oil from China-linked companies, three sources said, after New Delhis recent regulation aimed at restricting imports from countries that it shares a border with. The new regulation, put in pla

The Baltic Exchanges main sea freight index inched down on Thursday, as rates for capesize and supramax vessels declined. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, pana

PetroChina, Chinas largest oil and gas producer, reported a revenue of more than 929 billion yuan ($135.1 billion) in the first half of this year, down 22.3 percent year-on-year, according to its financial report filed with the Hong Kong Ex

Global, sector-focused law firm HFW has acted on the sale of almost half of the entire Swiss maritime fleet. HFW advised Swiss shipowner Massoel Shipping SA on eight separate vessel sale transactions, representing 40% of all Swiss-flagged c

A 208, 000 DWT bulk carrier built by Yangzi Xinfu Shipbuilding for Mangrove Partners, was delivered on August 25. MP THE BRUSCHI is the third in a series of six similar vessels ordered by Mangrove Partners in Yangzijiang Shipbuilding. The s

On 24 August 2020, CSSC (Hong Kong) Shipping announced that its wholly-owned subsidiaries Fortune Wuxi and Fortune Suzhou entered into a memorandum of agreement and a bareboat charter agreement with the charterer. Fortune Wuxi and Fortune S

Newport Shipping announces it will be working with global LNG market service provider Gloryholder Liquified Gas Machinery (DL) Co., Ltd (LGM Engineering), as part of its LNG solutions offer to the market. Newport Shipping aims to meet its c

The United States on Wednesday blacklisted 24 Chinese companies. The companies blacklisted included Guangzhou Haige Communications Group, several firms that appear to be related to the China Communications Construction Co, as well as Beijin

25 August 2020 Today, the International Chamber of Shipping (ICS), along with the International Maritime Health Association (IMHA) and the International Association of Independent Tanker Owners (INTERTANKO), have issued new protocols to mit

China became a net importer of steel for the second consecutive month in July, despite crude steel production rising 9% year on year during the month, according to customs data released Aug. 26. China may remain a net steel importer in Augu