ICE February Brent settled 52 cents lower at $61.56/b and NYMEX January WTI was down 36 cents at $52.89/b at market close Wednesday. The six-country OPEC/non-OPEC monitoring committee is recommending a six-month production cut of at least 1

1.Gautam Ramaswamy,the Hong Kong Shipowners Associations director (Regulatory Affairs) was an award recipient at the prestigious Indywood Marine/Offshore/Oil Gas Excellence Awards 2018. 2.From November 29 to 30,local time,the 2nd EU-China C

A.P. Moller -Maersk aims at having carbon neutral vessels commercially viable by 2030 and calls for strong industry involvement. Aimed at accelerating the transition to carbon neutral shipping, Maersk announces today its goal to reach carbo

Singapore has joined the list of ports that will ban the use of open loop scrubbers in their waters. Exhaust gas cleaning systems (EGCS) more commonly referred to as scrubbers are an accepted equivalent measure in complying with the IMO 202

Chinas liquefied natural gas (LNG) price inched up 0.1% to 4,486.8 yuan/t ($655.9/t) averagely over November 21-30 compared with mid-November, showed data from National Bureau of Statistics (NBS) on December 4. Relatively relaxed supply-dem

Inflated spot charter rates for LNG tankers are easing as more ships becoming available, which could help increase LNG trade if Asian demand rises in coming months. Charter rates usually follow the price of LNG, which has fallen since Septe

Safe and efficient boiler operation must be a priority, whatever the chosen method of complying with IMOs regulations Regardless of the strategy chosen to comply with the 2020 sulphur cap, the impact on boilers will have to be factored in.

Authorities at Portugals southern deep-water port of Sines say that the area could play a key role in Chinas Belt and Road Initiative by further enhancing its advantages in cargo transshipment. Port of Sines is the main maritime hub in Port

Chinas iron ore futures closed higher on Tuesday. The most active contract for May 2019 delivery finished the day session up 1.83 percent to 472 yuan per ton. China has opened the domestically-traded iron ore futures to foreign investors si

The worlds first Arctic condensate tanker was named and delivered in Guangzhou City of south Chinas Guangdong Province on Tuesday. The vessel, named Boris Sokolov, was built for a Greek company by Guangzhou Shipyard International Co., Ltd.

1.Chinas marine economy saw steady progress with the gross ocean product rising 6.8 percent year on year to near 6 trillion yuan ($864.6 billion) in the first three quarters, data showed Monday. 2.Chinese President Xi Jinping visited the Pa

Chinese President Xi Jinping visited the Panama Canals new Cocoli Locks together with his Panamanian counterpart, Juan Carlos Varela, in Panama City on Monday. The canal is Panamas most famous golden waterway that brings the Pacific and Atl

Gautam Ramaswamy, the Hong Kong Shipowners Associations director (Regulatory Affairs) was an award recipient at the prestigious Indywood Marine/Offshore/Oil Gas Excellence Awards 2018. Mr Ramaswamy was one of two Hong Kong-based finalists t

Chinas marine economy saw steady progress with the gross ocean product rising 6.8 percent year on year to near 6 trillion yuan ($864.6 billion) in the first three quarters, data showed Monday. Major marine enterprises monitored by the gover

After more than 23 years of service, Alan Lo, the Director of Norths Hong Kong office, retired on 30 November. Alan has served the Club and its members with distinction throughout this period and has been a respected ambassador and a good f