German logistics firm HHLA and Cosco are close to finalizing an agreement for the Chinese shipping giant to take a stake in a terminal at Hamburg's port, HHLA said on Friday.'We can confirm that... it has been possible to agree on concrete conditions…
The increasing need to secure energy supplies after easing COVID-19 restrictions has pushed China to gradually resume Australian coal imports and urge domestic miners to boost their already record output.The lifting of the unofficial ban on Australian coal imports…
As the geopolitical landscape continues to quickly transform with the Russia/Ukraine war, Europe's over-dependence on Russian energy has become painfully apparent. VSM – the German Shipbuilding and Ocean Industries Association that represents…
According to a recent analysis by Container xChange, one of the many challenges for the supply chain now is the overflowing container depots in the U.S. and the pileup of empties that will push the container prices further downwards in the mid-term…
China's state economic planner has approved natural gas company Hanas Group's plan to build a receiving terminal for liquefied natural gas (LNG) in the southeastern province of Fujian.The terminal will have an annual receiving capacity of 5…
Chinese iron ore futures dived more than 8% late on Friday after the country's regulators and industry association issued warnings against recent unusual price moves of the key steelmaking ingredient.Earlier on Friday, the National Development and Reform Commission (NDRC)…
Dalian iron ore rose on Friday and advanced nearly 6% this week as traders returned from New Year holidays feeling optimistic about potential demand recovery in top steel producer China.Iron ore's most-active May contract on China's Dalian Commodity Exchange ended daytime trading 1…
China more than halved the volume of export quotas for refined fuel, predominantly gasoline, diesel and aviation fuel, under the first allotment for 2022, while raising the allowances for low-sulphur fuel oil by 30%, industry sources said on Tuesday…
Chinese crude oil imports fell year-on-year in June and July, ending a streak of five months of accumulated year-on-year growth. After the first seven months of 2021, China’s crude oil imports are down 5.7% compared with the same period last year…
Chinese iron ore imports fell to 88.5 million tons in July, the lowest level since May 2020. The fall in July means that accumulated imports are lower than in the first seven months of 2020. Imports this year have totaled 649 million, a 1.5% decline from January to July 2020…
China's crude oil imports rebounded in July from a six-month low as state-backed refiners ramped up output after returning from maintenance, though independent refineries slowed restocking amid probes by Beijing into trading and taxes.China brought in 41…
China has switched from driving global demand for major commodities to being a drag on growth, with July's customs data confirming the weakening trend for imports of crude oil, iron ore and copper.The exception to the trend was coal, but the…
The world fleet is projected to grow by 6.4% over the coming five years, down from 7.4% in previous five years, says shipping organization BIMCO.Global shipyards are under pressure and 2021 is turning out to bring the third lowest level of newbuilding orders in 12 years…
Chinese refinery crude oil throughput has reached its highest level ever, with total processed volumes up 12% in the first five months of this year compared to 2020, and up 10.9% from the same period in 2019. In total 292.7m tonnes have been…
As the maritime industry debates the 'future fuel', one carrier, United European Car Carriers (UECC), plows forward, celebrating today the keel-laying of its third in a series of PCTCs powered by a liquefied natural gas (LNG) battery hybrid arrangement…