Oil demand is set to contract in 2020 as the coronavirus outbreak widened to 72 countries outside China as of Wednesday, threatening to put more pressure on the global economy and fuel demand, according to analyst projections this week. Thi

Chinas removal of port construction fees for all import and export goods and a 20% reduction in all other government port charges over March 1 to June 30 could spur a modest uptick in seaborne coal trading activity and reduce costs for end-

President Hu Jianhua of China Merchants Group visited CMRORO to inspect the work of epidemic control and resumption of work and production. He was accompanied by Mr Tang Jian, Deputy Director of China Merchants Groups Office, Mr Liu Weiwu,

The World Health Organization (WHO) has released guidelines to avoid or manage an outbreak of coronavirus on board ships. The recently-released guide calls on shipowners to provide crew with guidance so they can recognize signs and symptoms

Chinese Port Association reviewed last week (24/Feb-1/March) operation across the country, and have the following 1) Container volume is increasing The eight major container ports volume got 4.7% increase wow. The growth of Shanghai, Tianji

On March 4, Shibei District of Qingdaosigned a strategic cooperation agreement with BritishV-Ship, the worlds largest ship management company, in the form of online video, and the project of China seafarers headquarters base settled in Shan

Taiwans regional carrier Wan Hai Lines is to purchase a pair of container carriers from Singapores Pacific International Lines (PIL). In an announcement to the Taipei Exchange, Wan Hai said it will acquire the Wan Hai 805 and the Kota Panja

The global shipping industry risks losing an estimated US$1.7 billion revenue on account of the coronavirus. The most affected being international shipping lines, as findings show that Maersk Line could face the worst revenue shortfall sinc

On February 27, COSCO SHIPPING Holdings, the firstultra-short-term financing bond (epidemicprevention and control bond) of 2020, was successfully issued by the Bank of Communications, with a scale of 1 billion yuan and a term of 180 days. T

On March 3, PremierLi Keqiang chaired an executive meeting of the state council,and made arrangements to improve the coordination mechanism for the six stability initiative to effectively deal with the impact of the epidemic and promote sta

1.An operator of a restaurant cruise ship in Kobe said Monday it has filed for bankruptcy after being hit by a series of cancellations since January due to the new coronavirus outbreak. 2.On Tuesday, two German passengers aboard the cruise

Chinas finance ministry has swiftly approved the bulk of applications made by domestic LPG importers, exempting them from tariffs on US imports amid easing trade tensions between Washington and Beijing. Most importers submitted their exempt

First Bonded Blended crude sold last week at Port of Qingdao. State owned refineries and more than 30 teapot refineries in Shandong Province are processing over 100 million tons of crude oil per annum which makes the area largest refining/c

Recently, COSCO SHIPPING Lines, CMA CGM, COSCO SHIPPING Ports, Hapag-Lloyd, Hutchison Ports, OOCL, Port of Qingdao, PSA International, and Shanghai International Port Group (SIPG) signed a shareholders agreement indicating their intention t

Currently, the epidemic situation in China has shown positive signs and the recovery of economic and social development has picked up speed. As a major transporter for important materials of the country, COSCO SHIPPING has fulfilled its soc