On August 23, 2020, Guoyuan 82, the first ship of 86,000 dwt karmsamax series bulk carrier under Fujian Guohang Ocean Shipping (Group), was delivered at Qingdao. The maiden voyage ceremony was held smoothly. This series ship has a total len

Dalian Shipbuilding Industry Steel Structure Manufacturing has been actively promoting the research and development of gas supply system for ships. This certification is mainly for small and medium-sized vessels and low-pressure LNG single-

The ORE DALIAN ship docks at Yantai Port in East Chinas Shandong province. [Photo/dzrb.dzng.com] Yantai Port in East Chinas Shandong province set a new world record in unloading efficiency after unloading an average of 12,438 tons of iron o

Orient Overseas (International) Limited and its subsidiaries (the Group) today announced a profit attributable to equity holders of US$102.1 million for the six-month period ended 30th June 2020, compared to a profit of US$139.0 million for

Chinas shipbuilders received new vessel orders equivalent to nearly 14 million dead weight tons (dwt) over January-July, lower by 4.8% on year, according to the latest data released by China Association of the National Shipbuilding Industry

US cargoes are getting discharged at Chinese ports with heavy MEG volume. The trade pattern has the potential to support freight rates on long-haul routes and increase spot activity in 2H20. It is no news that the US-China tariff war has ru

The Baltic Exchanges main sea freight index inched up on Monday, as a jump in capesize rates offset lower prices for panamax vessels. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for ca

Chinas comprehensive import price index for liquefied natural gas (LNG) declined last week, according to the Shanghai Petroleum and Natural Gas Exchange (SHPGX). The LNG index, not including tax and processing fee, came in at 1,888 yuan ($2

BULLS SHARE BUY-BACK PROGRAM WITH A MAXIMUM VALUE OF RP 270 BILLION PT Buana Lintas Lautan Tbk (BULL), the largest Indonesian oil and gas tanker company with a global footprint, today announced its first share buyback program. The managemen

China Harbour Engineering Company will be responsible for the construction of a new planned shipyard in Nigeria to provide services for the maintenance and repair of an increasing number of cargo, oil and LNG ships. This project is funded b

SITC International Holdings reported interim results for the period to the end of June, during which it still reported revenue of $743m, down just 0.42% on an annual basis. The companys shareholders profit during the period was US $119 mill

In July 2020, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 144.41points, up 8.46% from the previous month and up 3.75% year-on-year; the export trade ind

It may be a bit of an oversimplification, but in the current situation of the global coronavirus pandemic the world of commodities is effectively split between China and the rest. Nowhere is this more clearly illustrated than in the results

Some members of the OPEC+ group of oil-producing nations would need to slash output by an extra 2.31 million barrels per day (bpd) for a month to make up for their oversupply between May and July, an internal OPEC+ report seen by Reuters sh

On August 19, Group Chairman Miao Jianmin met with Zhang Xiaolun, Chairman of China National Machinery Industry Corporation Ltd. (Sinomach) in Beijing. Zhang Xiaolun introduced the evolution, industrial layout and advantages of Sinomach, as