On 13 April 2019, CIMC Raffles signed an EPC contract for up to four LNG powered MegaRoRo vessels with Wallenius SOL in Stockholm, Sweden. This is a great new step forward after securing domestic Bohai Ferry RoRo ships for CIMC Raffles. Thr

Novatek, Russias largest private gas producer, signed a deal with China National Oil and Gas Exploration and Development Company (CNODC), a unit of CNPC, to enter the Arctic LNG 2 project. The binding agreement provides for the acquisition

Chinas CNOOC has secured a 10 percent participation interest in Novateks second liquefied natural gas project, the Arctic LNG 2. Russias largest private natural gas producer said on Thursday a binding agreement for the acquisition of the 1o

On the afternoon of April 19, Administrator of the Panama Canal Authority Mr. Jorge L. Quijano and Panamanian Consul General in Shanghai Mr. Nicolas A. Saval Z. visited the COSCO SHIPPING headquarters. Chairman of COSCO SHIPPING Capt. Xu Li

COSCO SHIPPING Development Announces 2019 1Q Results Net Profit Maintained Sound Growth with Greater Synergies Achieved COSCO SHIPPING Development Co., Ltd. (COSCO SHIPPING Development or the Company) (SSE: 601866, HKEx: 2866) today announc

On the afternoon of April 18, COSCO SHIPPING held the 31st Meeting of the 1st Term of the Board of Directors in Yangzhou, Jiangsu Province. Capt. Xu Lirong, Chairman of the Board, presided over the meeting. Director and Deputy Party Secreta

Singapore on Tuesday said its plans to build the worlds biggest container terminal in a single location were on track, as it held a ceremony to mark a milestone in the initial construction phase of the mega-project. Tuas Terminal is set to

Global aluminium production flatlined in the first quarter of this year, according to the International Aluminium Institute (IAI). A couple of long-running outages together with curtailments in Europe caused production outside China to dip

1.Cosco Shipping Holdings posted stronger results for the first quarter, riding on higher freight rates and acquisition of OOIL.The company realized a net profit attributable to equity holders of the company of RMB687 million, surged 280% f

A delegation headed by Chairman and Party Secretary of COSCO SHIPPING Capt. Xu Lirong visited Yangzhou and held talks with Secretary of Yangzhou Municipal Party Committee Mr. Xie Zhengyi and the related government leaders of Yangzhou city a

On April 18, 2019, Secretary of Jiangsu Provincial Party Committee Mr. Lou Qinjian and Governor of Jiangsu Province Mr. Wu Zhenglong met with a delegation headed by Party Secretary and Chairman of COSCO SHIPPING Capt. Xu Lirong. Other parti

Crude oil futures opened higher Thursday on the Shanghai International Energy Exchange. The most active crude oil contract for June delivery was up 1 yuan (about 15 U.S. cents) to open at 498.8 yuan a barrel. China launched the crude oil fu

With 1,000 Smart Cable Guard systems implemented in its power grid, Dutch Distribution System Operator Alliander has confirmed its commitment to safeguarding the reliability of the power grid in the Netherlands. Smart Cable Guard is DNV GLs

CSCL Mercury, a Chinese container ship with a capacity of 14,000 TEU (twenty-foot equivalent unit), on Saturday became the first visitor to the CSP Abu Dhabi Terminal of Khalifa Port in the United Arab Emirates (UAE). The CSP Abu Dhabi Term

SOYBEX CFR China price fell to its lowest level this year at $362.57/mt Wednesday down $4.04/mt day on day, tracking falling CBOT Soybeans futures amid oversupply. This is the lowest price ever recorded since SP Global Platts started assess