BEIJING - Chinese researchers have developed a device to conduct marine positioning with high accuracy, according to the Science and Technology Daily. The device was disclosed at a science forum in Northeast Chinas Heilongjiang province. Th

China Petroleum and Chemical Corp, or Sinopec, the worlds largest refiner, expects crude oil trade between China and the US to show further growth as the worlds two biggest economies play complementary roles as producers and exporters of oi

The International Chamber of Shipping has again insisted the industry cannot be expected to pay the bill for research leading to zero CO2 fuels that will be required to fulfill IMO pledges CO2 reduction by 2050. With respect to the IMO goal

Hong Kong and Finland have signed a comprehensive agreement for the avoidance of double taxation. Secretary for Financial Services the Treasury James Lau and Finnish Consul-General Jari Sinkari signed the agreement on 24 May. Last week Hong

The Peoples Bank of China, the countrys central bank, said on 24 May it had extended a currency swap agreement with the State Bank of Pakistan. The swap is sized at 20 billion yuan ($3.1 billion) or 351 billion Pakistani rupees, according t

Japan is considering the option of joining the Novatek-led Yamal LNG project the countrys prime minister told at an event in St. Petersburg. Russian news agency Sputnik quoted Shinzo Abe as saying that Japan is interested in widening its en

Chinas spot iron ore prices at ports edged up by RMB5-10/tonne in the morning. Steel mills were relatively active in procurement coupled with the backup of buoyancy in futures and derivative markets. However, the downtrend of futures market

1.China's Ministry of Commerce on Wednesday published the names of 11 private refineries with a plan to allow them to directly import crude oil. 2.The signing ceremony of the strategic cooperation agreement between Tianjin Port Group and

Oil prices decreased on Friday as major crude producers were reportedly considering to ease the production limits they put in place last year. The West Texas Intermediate (WTI) for July delivery decreased 2.83 U.S. dollars to settle at 67.8

Chinese space tracking ship Yuanwang-3 has returned to port in east Chinas Jiangsu Province after completing a three-month maritime space monitoring mission. The ship docked at a port in Jiangyin City, Jiangsu Province on Friday. The missio

During the SMM advance press conference, experts and top-flight industry representatives gave a preview of the topics that will be in focus at the leading international maritime trade fair in Hamburg from 4 to 7 September. Top items on the

Chinese steel and iron ore futures rose on May 25, with concerns over demand easing amid declining steel inventories in the worlds top producer of the material. Stockpiles of rebar construction steel at traders had this week fallen 410,000

Arthur Bowring finally retired from duty on a splendid night of celebration and accolades at the Renaissance Harbour View on 24 May. Many of Hong Kong Maritimes leading lights gathered at the hotel to wish Mr Bowring a happy retirement foll

The Hong Kong Shipowners Association (HKSOA) has voiced its support for the recommendations contained in the Maritime Leasing Paper that was published by the Financial Services Development Council (FSDC) and concerns the long-term growth of

With the IMOs 2020 global sulphur cap coming ever closer, LNG as a marine fuel is gaining more and more interest, and the supply side is responding with the number of bunkering vessels expected to double by 2020. In his comment on the curre