COSCO SHIPPING Ports Limited, the worlds leading ports operator, announced first quarter results of the Company and its subsidiaries (the Group) for the three months ended 31 March 2019. 2019 First Quarter Results Highlight Revenue was US$2

1.Members from China Shipbuilding Industry Corporation (CSIC) held discussions with board members of the Croatian shipbuilding group Uljanik, regarding a potential investment on two financially-troubled shipyards. 2.Danish offshore firm ?rs

Miami-based SunStone Ships has signed a contract with China Merchants Heavy Industry (Shenzhen) Company Limited (CMHI) for the construction of vessel number six in the INFINITY series, all designed by Ulstein. Niels-Erik Lund, CEO and presi

The chief executive of Hong Kong-based Peak Re, Franz Josef Hahn, has become a member of The Geneva Association, an international think tank for strategically important insurance and risk management issues. Founded in 1973, the Association

Agnes Wong Tin-yu, Hong Kongs current Director-General of Communications is to take up the role of Director of Marine with effect from 14 May. The current incumbent, Maisie Cheng Mei-sze will move to the post of permanent secretary for the

Oil prices extended losses on Friday after the news that U.S. President Donald Trump urged the Organization of the Petroleum Exporting Countries (OPEC) to lower gasoline prices. The West Texas Intermediate for June delivery was down 1.91 U.

Zhanjiang, a coastal city in the southwest of Guangdong province, will rely on its advantages in location, resources and industries to integrate with the development of the Guangdong-Hong Kong-Macao Greater Bay Area, according to senior off

Transport hub creates growth by accommodating larger seagoing shipping firms Shipping companies are choosing to berth their large container ships in greater numbers at Taicang Port in East Chinas Jiangsu province, neighboring Shanghai, rein

Russian giant Gazprom discussed the development prospects of the Chinese gas market with CNPC. Gazproms head Alexey Miller and CNPC chairman Wang Yilin discussed strategic aspects of cooperation between the two companies, paying particular

On the afternoon of April 23, a delegation of seven people headed by Global Executive President of Dell and President of Dell Greater China Mr. Huang Chenhong and CEO of Talent Magazine Ms. Song Lixin visited the Beijing Ocean Plaza of COSC

1.Chinese shipbuilder DSIC will convert an existing VLCC on order with Cosco Shipping into a vessel equipped with a propelling system that can burn both fuel oil and LNG. It is also mulling a foray into LNG carrier newbuilding markets at th

1.Seacon Ships Management has bolstered its operated fleet with two ultramax bulker newbuildings, two secondhand supramax and two kamsarmaxes. 2.Despite a rise in volumes and revenue, the net profit of Hong Kong-based port operator COSCO Sh

A draw down in Iranian exports is far from certain, although the market is being tested to show what the reduction to zero would be. A good place to start is by analysing the exports from Iran and their destinations in 2017, and then lookin

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