This year is unlikely to see any supply crunch in the very low sulfur fuel oil market because of the unexpected demand destruction caused by the coronavirus pandemic, according to analysts from tanker market intelligence company Alphatanker

LGM Engineering, formerly known as Gloryholder LGM, has secured a deal to supply an LNG fuel gas supply system to Dalian Shipbuilding Industry (DSIC). The company noted in its statement it will supply the LNG FGSS to the Chiese shipyard for

CSSC (Hong Kong) Shipping Company, a Hong Kong-based ship leasing firm, released it full year financial results for 2019, boasting a 26.3% increase in net profit to HK$892.24m (US$115.87m) compared to last years HK$706.55m. Full year revenu

Edward Liu, legal director with Hill Dickinson Hong Kong, has been appointed as a member of the regions Advisory Committee on Promotion of Arbitration. The appointment was made on 25 March by Teresa Cheng, secretary for justice at the Depar

Call between Trump and Putin sets up efforts to stabilize global energy market Russian President Vladimir Putin and his US counterpart Donald Trump reached an agreement in a phone call on Monday to have their top energy officials discuss wa

1.On March 30, COSCO SHIPPING Holdings announced its 2019 annual results withrevenue of the company reached RMB151.06 billion. 2.A LNG tanker which loaded a cargo from the United States is currently heading to China, the first shipment sinc

Prevention and control measures are in place for ships engaged in international voyages that enter Chinese ports to ensure the safety of crew members and prevent the importation of the COVID-19 cases, a transport official said on Monday. Ch

China Gas Holdings and CG Fortune Marine have entered into a time charter contract for two new 84000 cubic meters VLGCs. CG Fortune Marine is a joint venture between China Gas and Hong Kong Fortune oil. The two new ships, ChinaGas Legend an

The Board of Directors (the Board) of China Merchants Port Holdings Company Limited (CMPort or the Company, HKSE Code: 00144) is pleased to announce the unaudited consolidated results of the Company and its subsidiaries (the Group) for the

On March 30, COSCO SHIPPING Holdings Co., Ltd. (COSCO SHIPPING Holdings or the Company) (SSE: 601919; HKEx: 1919) announced its 2019 annual results. In 2019, global economic and trade situation faced severe challenges. Economic growth had h

A liquefied natural gas (LNG) tanker which loaded a cargo from the United States is currently heading to China, the first shipment since March 2019, according to shiptracking data from Refinitiv Eikon and Kpler on Monday. The tanker SK Reso

COSCO SHIPPING Development Co., Ltd. (COSCO SHIPPING Development or the Company) (SSE: 601866, HKEx: 2866) yesterday announced its annual results for the twelve months ended 31 December 2019 (the Period). In 2019, with the strategic objecti

Supertanker freight rates are on the rise for a second time this month as producers, refiners and traders scramble to secure ships to transport crude or store a fast-growing global glut of oil, industry sources said. Freight rates for very

Besides serving epidemic-hit nation, local MA facilitate building of high-end vessels fit for multi-sector shipping industry across the world Global cruise lines may be in choppy waters right now due to the COVID-19 pandemic, but mergers an

Theyr Ltd, a premium met-ocean data provider for the marine sector, has signed up to the national SPRINT business support programme. Theyr will collaborate with SPRINT partner, the University of Southampton on the development of an industry