Profits at Asian refineries are being buffeted by a combination of factors, chief among them uncertainty over how exactly new shipping fuel standards will play out and the rise of China as a product exporter. Refinery margins in Asia have b

Danish tanker owner and operator Maersk Tankers is set to add 11 ships to its managed fleet in a deal with BP Shipping and ICBC Financial Leasing. Under the terms of the agreement, Maersk Tankers will take each vessel from the owner under a

1.Chinas cargo throughput at ports climbed 8 percent year-on-year to 11.5 billion tons in the first 10 months, official data showed. 2.The official launch of the International Chamber of Shippings (China) Liaison Office was celebrated durin

The official launch of the International Chamber of Shippings (China) Liaison Office was celebrated during the Hong Kong Shipowners Association annual cocktail reception at the Conrad Hotel last night (21 November). Chinese officials, Liu X

Chinas gasoline exports in October more than doubled from a year ago to a record as refiners increasing processing runs created a fuel surplus in the domestic market, spurring overseas sales. Gasoline shipments were 1.73 million tonnes last

Spot rates for shipping containers from Asia to northern Europe in the week ending Friday edged down by just 0.8 per cent to US$702 per TEU. Asia-Mediterranean rates fell by 2.4pc at $689 per TEU, according to the Shanghai Containerised Fre

1.China has signed 197 Belt and Road cooperation documents with 137 countries and 30 international organizations as at the end of October, says Chinas National Development and Reform Commission. 2.Seven crew members have been rescued and tw

China has signed 197 Belt and Road cooperation documents with 137 countries and 30 international organizations as at the end of October, says Chinas National Development and Reform Commission. From January to September, Chinas trade with Be

Seven crew members have been rescued and two remained missing after a Taiwanese cargo ship sank off the coast of the Chinese mainland province of Fujian Wednesday night. The cargo ship capsized after colliding with an unknown ship south of

The contradiction between supply and demand in Chinas steel market further eased in October, as supply shrank with cooling demand, which kept steel prices moderated, said the China Iron and Steel Association (CISA) on November 18. Official

Chinas comprehensive import price index for liquefied natural gas (LNG) rose over November 11-17, according to Shanghai Petroleum and Natural Gas Exchange (SHPGX). The LNG index, not including tax, came in at 3,487 yuan/t (about $497/t) las

Ongoing trade disputes and tensions around the globe, as well as the ever-changing trade and consumption patterns are not always negative in their impact on the logistics industry. This was spelt out at a number of presentations at the Asia

1.From January 1st of this year to the end of 2023, for ocean-going seafarers who sail for more than 183 days a year, their wages and salaries were reduced by 50% into the taxable income of the individual tax. 2.The Chinese central governme

Chinese authorities on Tuesday unveiled a guideline to further develop intelligent shipping as a new business model. The guideline, jointly released by seven government agencies including the Ministry of Transport and the National Developme

Singapores Sentek Marine Trading has placed an order with Chinas New Times Shipbuilding for the construction of four 158,000 dwt suezmax crude tankers. According to shipbroking house Clarksons, the vessels are scheduled for delivery in 2021