DUBAI - Saudi Arabia said on Thursday it was temporarily halting all oil shipments through the strategic Red Sea shipping lane of Bab al-Mandeb after an attack on two big oil tankers by Yemens Houthi rebels. Saudi Energy Minister Khalid al-

The Ministry of Communications has issued a plan that highlights supporting Hainan to fully open up its international shipping business to promote the in-depth reform and opening-up of the tropical islands transportation industry. Drafted t

Cosco Shipping Ports (CSP) announced that it had sold a 10 percent stake in its CSP Zeebrugge Terminal to French container transportation and shipping company CMA CGM Groups container terminals units CMA Terminal, industry website container

Growth in global steel production maintained its momentum in June. According to the latest data released by WorldSteel global steel output grew by 9.7 million tonnes, or by 5.8% year-on-year in June. Growth picked up in pace in the second q

The image from Internet for reference only. ABB has announced that it will support the performance and fuel efficiency of COSCO Shipping Universe, Chinas largest ever containership at over 21,000 TEU, by providing its turbochargers. Deliver

Chinas imported iron ore market remains buoyant along with a RMB5/tonne rise in mainstream resources. Traders are bullish on the market thus tend to hold up prices as futures continue to strengthen this week. Steel mills show some buying in

Four million tons of liquefied natural gas (LNG) will be directly shipped to China annually starting from 2019 via Russias Northern Sea Route, which becomes Chinas new source of clean energy. The first tanker carrying LNG from Yamal Pennisu

Iron ore spot markets remain quiet, showing little reaction to news that Chinese policymakers are moving to shore up economic growth. The price for benchmark 62% fines slipped 0.3% to $65.57/t on July 24, according to Metal Bulletin, pullin

1.China's LNG price jumped by 11.1% from ten days ago to 4321.7 yuan/t ($633.5/t) over July 11-20, showed data from the National Bureau of Statistics (NBS) on July 24. 2.General Electric (China) signed a memorandum of cooperation with

China National Petroleum Corp (CNPC) said on July 25 it will spend more than 150 billion yuan ($22 billion) by 2020 to boost oil and gas output in the western region of Xinjiang, to offset falling output from ageing fields in northeast Chin

The total value of Yantais imports and exports reached 140.3 billion yuan ($21.9 billion) in the first six months of 2018, placing it second in Shandong province, according to statistics from Yantai Customs. Yantai, a coastal city in East C

Lessons Learned It is well known that since the global financial crisis of 2008-09 and the ensuing recession, the shipping industry has suffered heavily from overcapacity of ships and insufficient demand for cargoes, leading to downward pre

The agreement by major PSC regimes to conduct concentrated inspection campaigns on compliance with MARPOL Annex VI on the prevention of air pollution from ships serves as a timely reminder ahead of the entry into force of the 2020 global su

40 incidents reported to #ReCAAP ISC from January to June 2018, marking 15% year-on-Year decrease, and the lowest in number among 10-Year Period of January to June. Full Half-Yearly 2018 Report at https://lnkd.in/f3AFNuv. ReCAAP ISC Half Ye

Evergas is very pleased to announce that the first 85.000cbm VLEC was successfully undocked in China and will be delivered in the first quarter of 2019. Following the successful undocking of the first VLEC, the steel cutting of the second v