1.VLCC freight rates surged in Asia Wednesday as Saudi Arabian shipping company Bahri chartered 14 tankers ahead of Aramco output hike. 2.The board of directors of COSCO SHIPPING Specialized Carriers elected Mr. Chen Wei as the chairman of

On March 10, COSCOSHIPPING Specialized Carriersissued an announcement saying that Ding Nong resigned as chairman due to job changes. The board of directors of COSCO SHIPPINGSpecialized Carriers elected Mr. Chen Wei as the chairman of the co

VLCC freight rates surged in Asia Wednesday as Saudi Arabian shipping company Bahri chartered more than a dozen VLCCs from the spot market with the country planning to step up crude output by 3 million b/d from April, market participants sa

Saudi Arabian shipping company Bahri has booked 14 super tankers to load crude oil in late-March, Reuters reported sources as saying. The spike in bookings follows the announcement by Saudi Aramco yesterday that it plans to ramp up producti

Editors note: Oil prices slid more than 30 percent over the weekend, partly due to the differences between Saudi Arabia and Russia over cutting production. The steepest decline in oil prices since the Gulf War in 1991 was followed by a rout

Premier Li calls for targeted policies to forestall damage to wider economy China will work to shorten the negative list on foreign investment and encourage financial institutions to increase foreign trade loans to cope with the impact of t

1.Ministry of Transport and the National Development and Reform Commission said port charges for cargo and facilities security will be cut by 20 percent from March 1 to June 30. 2.A total of five international liner ship lines departing fro

10 March 2020: Inmarsat has signed an agreement with Brazil-based startup i4sea to join our fast-growing group of certified application providers for Fleet Data. i4sea will provide a high-precision sea and weather forecasting application wi

HNA Group, which turned to the Hainan provincial government for assistance, has become the largest enterprise in the province after the takeover. The company said it would continue to launch new domestic and international flights connecting

The more special the period is, the more efforts should be made to protect the order. After learning that China ShipbuildingTrading urgently needs to issue a letter of guarantee for the ship owner, theExport-Import Bank of China overcame ma

1.Shell and Bank of Communications Financial Leasing started a cooperation on 12 dual-fuel LR2 tankers with a total contract value of nearly US $ 650 million. 2.A multinational consortium led by the state-owned China Petroleum Pipeline Engi

In the last few days, China has registered a decline of 25% in the carbon dioxide (CO2) emission after many industries and factories remained un-operational due to coronavirus (COVID 19) outbreak. According to an analysis by the Centre for

French shipping group CMA CGM said its operations in China were returning to normal after the coronavirus outbreak crippled traffic last month, forecasting the health emergency would have a limited impact on its results this year. CMA CGM,

The international cruise line sector should upgrade its emergency response standards to better fight potential risks created by the novel coronavirus pneumonia epidemic, a senior executive of Chinas top cruise line business association said

Hong Kong Marine Department will take new arrangement for quality assurance to uphold the quality of the ships in the Hong Kong Shipping Register, with effect from 9 March 2020 (Effective Date). The new arrangement will allow MD(Marine Depa