A total of five international liner ship lines departing from Guangzhou Port have been launched from Feb 27 to March 7, mainly heading to Southeast Asian countries. The line running between South Korea and Xinsha Port of Guangzhou Port in G

The more special the period is, the more efforts should be made to protect the order. After learning that China ShipbuildingTrading urgently needs to issue a letter of guarantee for the ship owner, theExport-Import Bank of China overcame ma

1.Shell and Bank of Communications Financial Leasing started a cooperation on 12 dual-fuel LR2 tankers with a total contract value of nearly US $ 650 million. 2.A multinational consortium led by the state-owned China Petroleum Pipeline Engi

Shell and Bank of Communications Financial Leasingstarted a cooperation on 12 dual-fuel LR2 tankers with a total contract value of nearly US $ 650 million. The project was fully funded by Bank of Communications Financial Leasing, and no oth

The market expected a new coronavirus-induced 1 million-barrel-per-day (b/d) production cut from OPEC+, the coalition of OPEC and participating non-OPEC nations. What it got on Thursday was a much bigger proposed cut of 1.5 million b/d. Und

Trading has been temporarily halted on Wall Street as oil price plunge and coronavirus fears cause stocks to plummet in early trading Saudi Arabia and Russia both plan to increase production.IEA sees unprecedented combination of supply and

Another Princess cruise ship has been held up due to concerns about the possibility of coronavirus infections on board. In addition to the incidents aboard Diamond Princess and Grand Princess, the Caribbean Princess has seen her commercial

In the last few days, China has registered a decline of 25% in the carbon dioxide (CO2) emission after many industries and factories remained un-operational due to coronavirus (COVID 19) outbreak. According to an analysis by the Centre for

French shipping group CMA CGM said its operations in China were returning to normal after the coronavirus outbreak crippled traffic last month, forecasting the health emergency would have a limited impact on its results this year. CMA CGM,

Andes Petroleum Ecuador LTD. of China National Oil and Gas Exploration and Development Corporation (CNODC), a wholly-owned subsidiary of China National Petroleum Corporation (CNPC), has put two new oil wells into production in the province

The International Maritime Organization (IMO) has postponed a number of meetings following the global coronavirus outbreak. London-headquartered IMO said the move takes into account the decision of the UK on March 5 to move toward the delay

A multinational consortium led by the state-owned China Petroleum Pipeline Engineering, a unit of CNPC, has been awarded a contract for the construction of an LNG terminal at Vassiliko Port in Cyprus. The contract has been awarded at the en

The international cruise line sector should upgrade its emergency response standards to better fight potential risks created by the novel coronavirus pneumonia epidemic, a senior executive of Chinas top cruise line business association said

Hong Kong Marine Department will take new arrangement for quality assurance to uphold the quality of the ships in the Hong Kong Shipping Register, with effect from 9 March 2020 (Effective Date). The new arrangement will allow MD(Marine Depa

1.Cargo volumes and ship calls have swiftly rebounded at Chinese ports, confirming that the cogs of global trade are grinding back into motion. 2.Without OPEC+s help to steady the market, U.S. benchmark prices could fall toward $30 a barrel