US oil prices continued to rise Tuesday, buoyed by an anticipated increase in demand as the economy slowly restarts following the government-imposed lockdown to curb the spread of the novel coronavirus. Goldman Sachs said global demand for

The International Maritime Organization (IMO) has sent a recommended framework of protocols for ensuring safe ship crew changes and travel during the COVID-19 pandemic to all IMO member-states, the UN and other stakeholders. The document de

Yangzijiang Shipbuildings first-quarter profit fell but still exceeded 400 million yuan, and completed 25 percent of its full-year delivery target, as the novel coronavirus outbreak delayed the resumption of production. On April 29, Yangzij

On April 30, Shandong Shipping signed the investment and construction contract of a 178,000 cubic foot ultra-low temperature refrigerated transportation ship with Kyokuyo Shipyard and ITOCHU Corporation in the form of video contract, offici

1.South Korea ranked second to China in terms of shipbuilding orders for the second straight month, industry data showed Wednesday. 2.Chinese company Submarinergy has announced that it is ready to deliver the first batch of 5000 ton crude f

Over the past couple of weeks Iridium has received some questions regarding their efforts to help alleviate the emotional strain of the COVID-19 epidemic on there users, particularly in the hard-hit maritime industry, where many crews have

South Korea ranked second to China in terms of shipbuilding orders for the second straight month, industry data showed Wednesday. Daewoo Shipbuilding Marine Engineering Co. and others won orders totaling 230,000 compensated gross tons (CGTs

Chinas independent refineries will receive the countrys first US crude oil cargo since December 2019 in mid-May in line with its trade pact to buy an additional $18.5 billion of energy goods from the US on top of 2017 volumes, market source

UK-based PI Club, North, is to offer Hull and Machinery cover for ocean-going vessels following the success of its Sunderland Marine cover for fishing vessels and other small craft. In support of the new product the Club has picked up under

In facing the complex and ever-changing international trading environment and the significantly fluctuating shipping market in 2019, the CMES has responded actively and made precise decisions with good use of the quality, scale and global o

OPEC turned up the taps in April, adding more glut to a reeling oil market, and now needs to greatly throttle back its crude production to comply with a global deal aimed at bolstering prices against the coronavirus crisis. OPECs battle for

Social inventories of steel products in China continued to fall in late April, after reaching a peak in early March, according to a survey by China Iron and Steel Association (CISA). Data published by the industry body on Tuesday showed tha

Dalian iron ore futures ended higher on Wednesday, supported by ramping up of production by steelmakers amid robust construction activity and hopes for further demand as China eased coronavirus restrictions. Beijing had relaxed quarantine r

Comprehensive roadmap developed by a supply chain coalition led by industry and unions in cooperation with UN agencies 12-step plan issued by International Maritime Organization provides a route forward for governments on how to facilitate

CSSC (Hong Kong) Shipping recently issued an announcement saying that from April 29, 2020: 1.Mr. Yang Li will resign as Chairman of the Board of the Company, Executive Director and Chairman of the Nomination Committee due to work changes. 2