China has issued more non-state crude oil import quotas to refiners, for a total of 26.84 million tonnes (195.93 million barrels) in its third batch for 2020, three sources familiar with the matter told Reuters on Thursday. A total of 17 co

Singapores residual fuel oil inventories jumped 6% in the week to July 8 to a more than three-year high, official data showed on Thursday, as limited bunker demand and steady imports pushed supplies higher. This came as Singapore became for

Chinas comprehensive import price index for liquefied natural gas (LNG) rose last week, according to the Shanghai Petroleum and Natural Gas Exchange (SHPGX). The LNG index, not including tax and processing fee, came in at 2,489 yuan ($355)

The interim judicial managers of Ocean Tankers Pte Ltd - a troubled unit of the crumbling Hin Leong empire and one of the worlds largest operators of oil tankers - have raised doubts over the firms exposure to nearly US$1 billion of potenti

On July 7, CSSC Marine Power and Yangzijiang Shipbuilding Group signed a contract for the construction of 2+8 WinGD9X92DF main engines. The series of main engines signed this time will be used for the 14000TEU dual-fuel powered container sh

Experienced BV MO team member Gregg-Smith resumes his class career in key role following a decade in senior ship management and shipbuilding roles Paris La Dfense, July 8, 2020 - Bureau Veritas (BV), a world leader in testing, inspection an

In the first half of this year, China again took the lead in three major indicators of the global shipbuilding industry, maintaining its record as the worlds No. 1. China dominated the most new orders, accounting for 65.4% of global transac

1.Chinese state-run shipping giant Cosco Shipping has entered into an agreement with Alibaba and its fintech affiliate Ant Group. 2.Chinese dry bulk carrier operator Ningbo Marine has secured a certification from China Maritime Safety Marit

On July 6,COSCO SHIPPING, Alibaba and Ant Financial entered into a tripartite agreement on strategic cooperation to jointly promote the cooperation on and application of shipping blockchain, and carry out in-depth cooperation based on the g

There is so much oil in floating storage in Chinas ports that they cant even bring it all onshore. There are 50 million barrels on ships filled with crude, according to a report by ClipperData, and that is up from the normal 10 million barr

Chinas Nanjing Iron Steel Co Ltd said on Wednesday it has completed its first blockchain-backed trade in iron ore after booking a $16.87 million shipment of the steelmaking ingredient from a joint venture of miner Rio Tinto. Blockchain, a d

CNCo will separate out its dry bulk shipping activities from its liner shipping and fleet management business and establish Swire Bulk as a standalone privately held company head-quartered in Singapore. CNCo established Swire Bulk as a divi

The continuing recovery in Chinas swine sector and poultry production growth are expected to push up soybean meal use for feed during 2020-21 marketing year (October-September), the US Department of Agriculture said in its attach report rel

At about 0800hrs on 7 July 2020 (Singapore time), the Maritime and Port Authority of Singapore (MPA) was informed by the Malaysian authorities that three persons had fallen overboard from a craft approximately 2.1 nautical miles off Tuas. M

On the evening of July 7, Dalian Port announced the merger plan of Yingkou Port. Dalian Port plans to merge with Yingkou Port at a price of 16.765 billion yuan by issuing A-shares in exchange for shares. As the merged party, Yingkou Port wi