China may overtake Japan as the worlds biggest liquefied natural gas (LNG) importer earlier than anticipated as China recovers from the coronavirus pandemic, while Japans economy remains in a slump, Rystads head of gas research said. Japans

On June 12, COSCO SHIPPING signed a strategic cooperation framework agreement with the Tianjin municipal government. According to the agreement, the two sides will leverage their respective advantages and work together to play a larger role

June 12, Group President Hu Jianhua met with Shen Xiaoming, Deputy Secretary of Hainan Provincial Committee of the CPC and Governor of Hainan province. Director of the Group Wang Cuijun and, Assistant President of the Group and Chairman of

Due to spread of COVID-19 across the world, disembarkation of injured/ill crew and crew changeover on international ships have become a big challenge faced by the shipping industry. Huatai marine has been providing strong support and timely

Dalian and Singapore iron ore futures slipped on Thursday after Brazils Vale SA was allowed to resume operations at a coronavirus-shuttered mining complex, but hopes of resilient demand in China capped losses. Iron ore on Chinas Dalian Comm

On June 16, Qingdao SunRui LNG Fuel Gas Supply System (FGSS) obtained AIP certificate from Lloyds Register (LR), becoming the first domestic manufacturer to receive this certification. In 2017, SunRui started to develop clean energy field a

On June 16, the founding ceremony of Hainan Harbor Shipping Logistics Group was held in Yangpu Port, Hainan province. The establishment of Logistics Group is a milestone event for COSCO Shipping Logistics and Hainan Harbor Shipping to joint

1.The Baltic Exchanges main sea freight index recorded its biggest ever daily percentage jump on Wednesday. 2.On June 11, CNOOC Limited announced that Qinhuangdao 33-1S oilfield phase I project has commenced production. 3.On June 16, the fo

As Singapore moves into Phase Two of Safe Transition, the Maritime and Port Authority of Singapore (MPA) has updated the requirements for crew change for cargo ships in the Port of Singapore and the resumption of specific activities onboard

The Baltic Exchanges main sea freight index recorded its biggest ever daily percentage jump on Wednesday, propelled by surging capesize rates due to a spike in iron-ore shipments. The Baltic dry index, which tracks rates for ships ferrying

On June 11, CNOOC Limited announced that Qinhuangdao 33-1S oilfield phase I project has commenced production. Qinhuangdao 33-1S oilfield is located in central and western Bohai with an average water depth of 21 meters. The project has built

LNG spot prices in Asian markets have fallen further, but China may cut LNG imports in the third quarter due to sluggish demand. The price decline also hit domestic LNG producers. According to data released by Shanghai Petroleum and Natural

Chinas crude steel production shot up to a new record high in May on an uptick in demand from construction and manufacturing sectors as the country continues its gradual recovery from the fallout of the coronavirus pandemic. Crude steel out

Chinese rebar futures slipped for a second straight session on Wednesday as investors worried about surplus risks, with steel output in the worlds top metals consumer maintaining a robust pace of growth despite signs of weakening domestic d

To assist seafarers and their mental wellbeing in coping with the challenges imposed by COVID-19 pandemic, BIMCO compiles a list of useful resources to enable seafarers to seek free, immediate and direct help. Members are highly recommended