In recent years, international oil markets have witnessed collapsing oil prices as a result of an excess in supply and a corresponding decrease in demand as consumer behaviour switches slowly away from a dependency on oil. Oil refineries an

1.Oil prices gained on Tuesday as market participants bet on extending output cuts by major oil producers. 2.Chinese private yard New Times Shipbuilding has secured new orders for four 158,000 dwt suezmax tankers from two European owners. 3

Cargotec has completed the sale of its share of the joint venture Rainbow-Cargotec Industries Co., Ltd (RCI) in China. As part of the agreement, Cargotec acquired certain operations and assets of the joint venture from Jiangsu Rainbow Heavy

Chinas Dalian Commodity Exchange on Tuesday asked members to act rationally in iron ore futures trade after prices for the steelmaking ingredient held above $100 per tonne. The iron ore market has been facing many uncertainties recently, th

The Director of the General Directorate of Seafarers, Captain Juan Maltez, has revealed that The Panama Maritime Authority has processed the repatriation of some 3,690 passengers and crew members from around the world, including Panamanians

Oil prices gained on Tuesday as market participants bet on extending output cuts by major oil producers. The West Texas Intermediate for July delivery climbed 1.37 U.S. dollars to settle at 36.81 dollars a barrel on the New York Mercantile

Korean Register (KR) has signed a five-year agreement with German ship management company Held, to provide ISO 9001 Certification, ISM Company Audit (DOC), ISM Ship Audits (SMC) and ISPS and MLC compliance services for the companys fleet of

China Merchants Port signed a strategic cooperation framework agreement with Alibaba Group and Ant Financial Services Group. The signing of the contract aims to fully implement the requirements of Premier Li Keqiang at the two sessions to s

On June 1,COSCO SHIPPING Heavy Industry (Yangzhou) held a cadre meeting. Chairman and General Manager of COSCO SHIPPING Heavy Industry Liang Yanfeng attended the meeting. The company leading group members, each department assistant above mi

1.Chinese authorities on Monday released a master plan for the Hainan free trade port to build the southern island province into a high-level free trade port. 2.Chinas coastal bulk freight market has seen a decrease in general demand in the

Chinas transport industry recovered faster in April with some indicators reporting growth, official data showed. The countrys cargo throughput at ports increased 4.1 percent year on year to 1.19 billion tonnes in April, recovering from a 2.

Inventories of seaborne iron ore at Chinese ports continued to trend lower last week, as arrivals from Australia and Brazil declined while demand remained robust despite escalated production curbs aimed at controlling air quality during Chi

Chinese authorities on Monday released a master plan for the Hainan free trade port, aiming to build the southern island province into a globally-influential high-level free trade port by the middle of the century. A free trade port system

Shipbuilder PT. Graha Trisaka Industri, in Batam, Indonesia is building a pair of new TRAktor V-3200 tugs for China Petroleum Corporation (CPC), of Taiwan. The shipyard, with support from Robert Allan Ltd., was awarded the construction cont

To overcome the challenges of COVID-19, Diamond Line GmbH under COSCO SHIPPING Lines has leveraged the abundant feeder resources of the Port of Piraeus in Greece and introduced water-rail intermodal transport in Europe. The purpose is to ad