Crude oil futures closed lower Thursday in daytime trading on the Shanghai International Energy Exchange. The most active crude oil contract for February delivery was down 5.6 yuan ($0.8) to close at 482.5 yuan a barrel. The total trading v

The Baltic Exchanges main sea freight index on Thursday posted its biggest one-day percentage decline in six years, pressured by depressing demand for dry bulk vessel segments. On its first day of trading in the new year, the Baltic index ,

1.On the first day of 2020, CCTV focuses on major projects in the oil and gas industry chain of Zhejiang FTZ, including the Yushan Green Petrochemical Base, the integrated marine service at Xiushan Anchorage, and the Aoshan Petroleum Storag

Australia-listed Global Energy Ventures (GEV) has extended a letter of intent (LOI) with Yantai CIMC Raffles Offshore to build the CNG Optimum 200 ships. The extension is for six months through to 30 June 2020. The LOI is based on a firm or

The board of directors of Dalian Port Company Limited announce that, following the resignation of Mr. XU Song as the chairman of the Board and a non-executive director of the Company on 16 December 2019, Mr. WEI Minghui has been elected by

Shenzhens government is to establish a shipping fund of up to CNY3 billion (US$428 million) to boost the development of various local shipping sectors, including newbuildings, clean energy propulsion, shipping digitisation, shipbroking, ins

The crew of Chinas first domestically made polar icebreaker Xuelong 2, or Snow Dragon 2, have made their wishes for the New Year of 2020 on board the vessel. Xuelong 2 is implementing Chinas 36th Antarctic expedition. We are welcoming the y

Xiangyanghong 10, a national-level ocean research vessel, returned to Zhoushan Port on Dec 29 after completing its 54th research mission. The vessel, which belongs to the Second Institute of Oceanography, was approved for construction by th

On the first day of 2020, CCTV focuses on major projects in the oil and gas industry chain of Zhejiang FTZ, including the Yushan Green Petrochemical Base, the integrated marine service at Xiushan Anchorage, and the Aoshan Petroleum Storage

1.On December 27,Zhejiang Seaport Asset Management Companys subsidiary Zhejiang Seaport Finance Leasing completed a 49 million yuan ship ownership settlement and fund payment, marking the first ship financing lease business of Zhejiang Seap

Guangzhou Port has seen an overall container throughput of 21.18 million twenty-foot equivalent units (TEU) in the first 11 months of this year, ranking among the top five ports in the world in both cargo throughput and container throughput

On December 27, Zhejiang Seaport Asset Management Companys subsidiary Zhejiang Seaport Finance Leasing completed a 49 million yuan ship ownership settlement and fund payment, marking the first ship financing lease business of Zhejiang Seapo

China State Shipbuilding Corp delivered the Hailong, or Sea Dragon, the most advanced diving support vessel China has ever built, to Jumeirah Offshore, a Singapore-based marine engineering company, in Guangzhou on Monday. CSSC, a State-owne

Chinas Ministry of Commerce is expected to award the independent refining sector with oil products export quotas next year as Beijing steps up efforts to support private companies to play a bigger role in the economy, industry sources and m

As a tougher regulation on sulfur emissions from ships, known as IMO 2020, comes into effect from Wednesday, Chinese shipping operators are beefing up efforts to adapt to new rules regarding bunker fuel, mainly by using required fuels and b