Chinas oil demand has recovered to more than 90% of the levels seen before the coronavirus pandemic struck early this year, a surprisingly robust rebound that could be mirrored elsewhere in the third quarter as more countries emerge from lo

The lack of ullage at the tank farms of Chinas key Qingdao port has forced VLCCs arriving at the port to wait for up to three weeks before being able to discharge their cargoes, freight market sources said. There are currently 20 VLCCs queu

Classification Society DNV GL, has launched a new certification in infection prevention for the maritime industry. The custom certification aims to help the maritime industry resume operations better prepared for COVID-19 or other emerging

A liner ship belonging to China United Lines Ltd (CULines) arrived at the third phase of the container wharf at Nansha Port on May 30, marking the official start of operations of the regular shipping line between the South China area and Ta

China Tianjin Container Freight Index (TCI), an indicator of northern Chinas international container freight rates, remained at 546.55 points on Wednesday. The statistical samples of TCI cover 19 international shipping routes departing from

New Times Shipbuilding has secured a new order for four 158,000 dwt suezmax tankers from two European shipowners. Allied Shipbroking and VesselsValue both confirmed that two of the four vessels were ordered by Viken Shipping, the Norwegian

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

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.