After a frantic week that sent crude oil freight rates to record highs amid a bookings bonanza to ship Saudi oil to the world, rates are now easing as charterers balk at the nosebleed charges and await Saudi volume plans for April, shipping

The earnings of shipping companies globally will decline in 2020 amid sharply reduced demand for shipping services in the wake of the coronavirus outbreak, Moodys Investors Service said in a report. This is because of the expected impact of

Cosco Shipping has launched its first service between North America and Latin America, even as containerized trade growth between the United States and South America last year fell to its lowest point in three years. The BZX route, which st

The Liberian Registry has announced its latest proactive and industry leading measures with regards to implementing temporary vessel registration and mortgage recording procedures; and in doing its utmost to stay ahead of the disruptions br

The investor spotlight has turned toward owners of very large crude carriers (VLCCs), tankers that carry 2 million barrels of crude oil. VLCC spot deals out of the Middle East Gulf have topped $300,000 per day in one case exceeding $350,000

Low-sulphur fuels accounted for 84% of total February sales in Singapore, slightly up from 83% in January. The sale of low-sulphur fuel oil (LSFO) made up the largest component at 71.5%, with Marine Gas Oil (MGO) accounting for 12.5%. Total

Brazilian miner Vale has been shipping a larger proportion of iron ore products to China at the expense of Europe and other Asian customers at a time of weak volumes, according to trade data through to the end of January, SP Globals Panjiva

The growing epidemic is expected to cause the global cross-border direct investment to decline by 5 percent to 15 percent, a senior commerce official said on Thursday. The remarks came as the COVID-19 outbreak has spread rapidly around the

On March 18, COSCO Shipping Energy Transportation issued an announcement saying that the company had issued 730 million shares of non-public stock and raised a total of approximately 5.1 billion yuan. COSCO Shipping Energy Transportation sa

1.The throughput of major ports in China continued to increase last week as economic activities keep picking up pace, the China Ports and Harbours Association (CPHA) said on Wednesday. 2.China is speeding up resumption of main projects in v

Subject:The M aritime S afety A dministration of the Peoples Republic of China issued Operational Guidance for Ships and Seafarers for the Prevention and Control of COVID-19 Epidemic (V1.0) Dear Sirs or Madam, TheGuidancewas issued by the M

China is projected to overtake Japan as the worlds largest LNG importer by 2022. Chinas decline in February imports from the coronavirus outbreak was viewed as a temporary setback as Chinas overall gas demand is met by rising imports of LNG

Tokyo Current Senior Executive Vice President Hiroaki Sakashita has been appointed as President CEO as well as a Representative Director of leading classification society ClassNK, effective 18 March 2020. Current Senior Executive Vice Presi

The throughput of major ports in China continued to increase last week as economic activities keep picking up pace, the China Ports and Harbours Association (CPHA) said on Wednesday. During the week from March 9 to 15, the throughput of key

Chinas iron ore futures rose on March 18 on further policy support for an economy battered by the coronavirus pandemic, before closing well off the sessions peak that was the highest in more than seven months. Steel futures, however, succum