The collapse of West Texas Intermediate oil price below zero may repeat as Saudi Arabia and Russia may restart a new round of price war in the oil markets, Russian experts warn. The WTI, also known as Texas light sweet, is a grade of crude

At the Two Sessions this year, Group Chairman Li Jianhong, member of the CPPCC National Committee, brought a proposal on the establishment of a new type of collaborative integration mechanism to accelerate the construction of a powerful tra

According to the Special Maritime Procedure Law of the Peoples Republic of China, this court designated the establishment of the auction committee of the vessel G. O. America that conducted a public auction of the vessel. The auction commit

On May 26, WinGD X92DF, the worlds largest marine dual-fuel low-speed engine, was officially launched, independently developed by WinGD, built by Shanghai CSSC Mitsui Shipbuilding Diesel Engine, and guaranteed by CSSC Marine Power Technolog

On May 25, 180,000 DWT capesize bulk carrier SHANDONG DE XIANG, built by Shanghai Waigaoqiao Shipbuilding and financed by Bank of Communications Financial Leasing, was named in Shanghai. This is the first ship of 10 180,000 DWT series bulk

1.North Chinas Tianjin port ranked first in liquefied natural gas (LNG) imports in the first four months of this year. 2.Waigaoqiao successfully named another 180000 DWT bulk carrier SHANDONG DE XIANG built for Shandong Shipping! 3.Exporter

North Chinas Tianjin port ranked first in liquefied natural gas (LNG) imports in the first four months of this year, accounting for nearly 20 percent of the countrys total LNG imports, according to the Tianjin Customs. From January to April

Bernt Meldgaard Christensen has been appointed as the new executive chairman of Guinea Shipping Corporation following the passing of his brother Henrik earlier this year. Guinea Shipping, a bulk logistics specialist, has offices in Conakry,

Shanghai Customs said imported soybeans via Chinas Shanghai port has totaled 297,000 tons since the beginning of this year, up 54.5 percent from the same period last year. Affected by the COVID-19 pandemic, Shanghai port saw only 37,000 ton

Coastal city charts diversified plans to cushion against pandemic woes Exporters in Ningbo, a coastal city in East Chinas Zhejiang province and a traditional foreign trade hub in China, have been tapping new trading platforms to boost their

AET,a leading energy logistics provider, took delivery of Eagle Petrolina, the first of four Suezmax Dynamic Positioning (DP2) Shuttle Tankers purposed built for long-term charter to PetrleoBrasileiro S.A. Petrobras, the Brazilian multinati

1.Hong Kong-based financial leasing house CSSC Shipping has secured a US$116.8m loan facility from an unnamed bank. 2.COSL,the offshore service unit of CNOOC,has fixed charter contracts for two newbuild PSVs with Waigaoqiao Shipbuilding. 3.

On May 23, the first 59990 dwt domestic trade bulk carrier XIN XIN HAI (DY4075) built by New Dayang Shipbuilding was successfully delivered to the shipowner, which was the fifth ship delivered by New Dayang Shipbuilding this year. On the sa

The Coronavirus (COVID19) pandemic is having a significant impact on the maritime sectors, the shipping companies, maritime organizations and other stakeholders should take rapid and extra-ordinary measures to ensure the maritime industry i

On May 26, China National Offshore Oil Corporan was informed that the Ministry of Natural Resources recently completed the review and filing of the Kenli 6-1 Oilfield. Up to now, the proven geological reserves of oil in Kenli 6-1 oilfield e