Tag: China

In BIMCO's latest weekly update, the Association examines the production growth of Chinese refineries and the reasons behind it.

Aramex multinational logistics, courier and package delivery company based in Dubai, United Arab Emirates, shared a tweet with 8 interesting facts about Global Shipping Connectivity and its leading forces according to Liner Shipping Connectivity Index (LSCI). 

Earlier this week, Sinopec confirmed its plans to invest in fuel to meet Sri Lanka's energy needs during a meeting with Sri Lanka's President. They also expressed their willingness to fully fund the construction of a refinery in Hambantota, which the government has designated as a central energy hub.

According to Business Korea News, there is a competition between Korean and Chinese shipbuilders about which is taking more shipbuilding orders, as methanol-powered ships are rapidly emerging as next-generation eco-friendly ships.

On March 9th DNV released a statement to announce key findings from its report, Spatial Competition Forecast, on the growing Blue Economy and the global race for space among ocean sectors.

In an exclusive interview to SAFETY4SEA, Mr. Fan Qiang, Vice President of China Classification Society (CCS), refers to key priorities of the CCS agenda for a more sustainable future of shipping.

P&O Ferries has taken delivery of the world's largest double-ended ferry from Guangzhou Shipyard International, China. P O PIONEER is the first of the two Fusion Class ferries that P&O had ordered.

According to ING, markets, economies and central banks are still searching for a new balance, a new equilibrium, of structural transition and cyclical developments, higher inflation and interest rates, stricter monetary policy and loose fiscal policy.

Maritime Strategies International (MSI) has released a report stating that Asia, and in particular China, is expected to dominate oil demand growth in 2023, but overall cargo volumes look set to be relatively restricted despite distance-driven gains. The upside in crude and and products markets during February may seem promising, but owners must be aware of the unstable nature of supply and demand.

On February 15th, the opening ceremony of the new berths and new routes was held at COSCO SHIPPING Ports Quan Zhou Pacific Terminal (CSP Quanzhou Terminal).