Investors breaking trading records on Chinas commodities exchanges are looking to metals and energy futures products such as stainless steel, tin and crude oil, as they hedge risks amid the global coronavirus outbreak or take speculative po

Oil tanker storage is about the only thing in demand in the crude market right now. The coronavirus pandemic has obliterated consumption, forcing producers and traders to store more oil on the water. Draining these floating stockpiles may t

The International Monetary Fund on Monday cited limited but encouraging signs of recovery in China, the first country to suffer the brunt of the COVID-19 pandemic, but said it could not rule out a resurgence of the pandemic in China and els

On March 29, local time, COSCO SHIPPING donated 975 protective overalls with a total value of 100,000 yuan to the Liguria region of Italy. As the second batch of medical supplies donated by the corporation since the outbreak of COVID-19 in

While the implications of COVID-19 for containership demand and freight rates are directionally clear, the timecharter market often marches to its own drum. London, 06 April 2020. The latest Container Shipping Forecaster* from Maritime Stra

On 3 April 2020, the Singapore Ministry of Health (MOH) issued a media release on Additional Measures to Minimise Further Spread of COVID-19. All business, social, or other activities that cannot be conducted through telecommuting from home

Bernhard Schulte Shipmanagement (BSM) has appointed Stefan Beeg as Head of Communications. Based in Hamburg, Stefans key role is to drive all corporate and marketing communications activities of BSM. Prior to joining BSM, Stefan held senior

On April 1, China issued a notice, during the prevention and control of the epidemic, international cargo ships are prohibited to carry people other than their crews entering into Chinese ports. The notice emphasized that international carg

1.Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut. 2.IMO Secretary-General Kitack Lim has asked the United Nat

BoComm Leasing purchased four 325,000-ton very large ore carriers from Qingdao Beihai Shipbuilding Heavy Industry. Shipbroker firm Allied Shipbroking reports that four new vessels will fulfill long-term chartering contract signed with Brazi

Crude prices posted their biggest-one day gains on record on Thursday after President Donald Trump said he expects Russia and Saudi Arabia to announce a major oil production cut, and Saudi state media said the kingdom was calling an emergen

IMO Secretary-General Kitack Lim has asked the United Nations system agencies to support IMO in its request to governments to declare seafarers, port personnel and other crucial maritime workers as key personnel. Mr. Lim made the plea durin

The China shipping prosperity index (CSPI) sank to an historic low in the first quarter of 2020, as the shipping industry runs to a ferocious turbulence amid the spread of the COVID-19 pandemic, according to an industry report. The report a

Geopolitics is the dominating variable in the tanker market these days. With the OPEC+ negotiations falling apart and Saudi Arabia initiating an oil price war, the crude oil tanker spot freight rates, and time charter (TC) rates have soared

27 March 2020 - Mr Wang Hong, the Executive Vice President of China Merchants Group, had a thorough examination on Hong Kong Ming Wah, a subsidiary of CMES for its current efforts on epidemic prevention and the production and operation, and