China News

 

Stena RoRo E-Flexer Côte d'Opale Delivered to DFDS

May 17, 2021

The RoPax vessel Côte d'Opale – Stena's fifth E-Flexer vessel from the Chinese shipyard CMI Jinling (Weihai) – was delivered May 17, 2021 in a ceremony with representatives from Stena RoRo, DFDS and the shipyard.The ship, at 214m long will become…

Shipbuilding: Steel Cut for New Methanol-Fueled Tanker Stena Pro Patria

Jan 19, 2021

Proman Stena Bulk Ltd confirmed that steel cutting has commenced for its state-of-the-art IMOIIMeMAX methanol-fuelled 49,900 DWT vessel Stena Pro Patria, which is due for delivery in early 2022. Stena Pro Patria will be the first of the three…

BIMCO: China Cements Top Position in the Bulk Market

Jan 13, 2021

The turbulence of the past year has in many ways clouded the underlying fundamentals in the dry bulk shipping market, but with 2020 now behind us, we are in a better position to establish an overview of expectations for 2021. Overall, total…

BIMCO’s Shipping Number of the Week: US imports Christmas Tree Lighting Sets Imports Up 3%

Dec 22, 2020

During the first 10 months of the year, the US has imported a total of 151.4 million sets of Christmas tree lights to decorate their homes this holiday season. Although that represents a 3% rise compared with the same period last year, the figure fails to match the record 189…

Global Crude Market Finds Support From China Demand

Nov 19, 2020

China, the global oil market's lifeline this year, has stepped up purchases from exporters like Russia, the United States and Angola in recent weeks, while buyers elsewhere pare orders as coronavirus infections surge and fresh lockdowns are put in place…

U.S. to China Trade: Trade Volume Up, But Far Short of Target Goals

Nov 11, 2020

According to BIMCO, 40% of Phase One goal reached for US manufactured goods to ChinaExports from the US to China of the manufactured goods included in the Phase One agreement between the two countries reached $31.1 billion in the first nine months of the year…

US Blacklists Chinese Entities, Individuals Over Iran Shipping Ties

Oct 20, 2020

The United States on Monday said it blacklisted two Chinese men and six Chinese entities for having dealt with Iranian shipping company Islamic Republic of Iran Shipping Lines (IRISL) and, in some cases, helping it to evade U.S. sanctions.The U…

China Ramps up US Oil Purchases Ahead of Trade Deal Review

Aug 17, 2020

U.S. crude oil shipments to China will rise sharply in coming weeks, U.S. traders and shipbrokers and Chinese importers said, as the world’s top economies gear up to review a January deal after a prolonged trade war.Chinese state-owned oil firms…

Iron Ore Under Pressure as China Port Stockpiles Grow

Jul 20, 2020

Iron ore futures slipped on Monday on rising port inventory of the steelmaking ingredient in China, though optimism over prospects of strong domestic steel demand for the rest of the year kept losses in check.The Dalian Commodity Exchange's most-traded September iron ore contract closed down 0…

Chinese Ports Hit Capacity as Virus Tests Slow Clearing

Jul 17, 2020

Testing of imported foods for the new coronavirus is pushing capacity at some major Chinese ports to their limit, major shippers told customers this week, warning of additional fees and possible diversions to other ports.China stepped up inspections…

Spring Oil Flood Causes Summer Queues in Chinese Ports

Jul 02, 2020

Chinese ports are struggling to unload record volumes of crude with storage tanks full after the country rushed to buy extra barrels during April's oil price crash, according to traders and shipping data seen by Reuters.More than 80 million…

China to Be Self-reliant in IMO-compliant Fuel

Jun 22, 2020

Chinese refiners have the capacity to produce 18.1 million tonnes of low-sulphur fuel oil (LSFO) this year, which would make the country self-sufficient in the new shipping fuel, an official with state major PetroChina said on Monday.China has…

China's Coal Imports Fall Nearly 20% in May

Jun 08, 2020

China's coal imports in May fell nearly 20% compared with a year earlier even as demand recovered at power plants and industrial users, customs data showed on Sunday.Analysts and industrial participants had expected China to tighten coal import…

China's VLSFO Exports Rose By a Third in April

May 27, 2020

China's low-sulphur marine fuel exports rose by a third in April compared with March to the highest level yet after it waived export taxes for domestic refiners to meet shipping demand, Chinese customs data showed.Chinese refiners began exporting…

China's Iron Ore Imports Jump in April

May 07, 2020

China's iron ore imports in April rose 11.4% from a month earlier on robust demand from steelmakers, as downstream sectors started to emerge from lockdowns to contain the coronavirus epidemic.Arrivals of the steelmaking ingredient were 95.71 million tonnes last month…

Logistics News

Shiploader Collapses at Brazil's Recife Port

Shiploader Collapses at Brazil's Recife Port

Corpus Christi Crude Oil Exports Up 6.9% in Q1

Corpus Christi Crude Oil Exports Up 6.9% in Q1

Simulators Track our Changing Relationship with Technology

Simulators Track our Changing Relationship with Technology

Port Houston Surpasses One Million TEU Mark in First Quarter

Port Houston Surpasses One Million TEU Mark in First Quarter

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