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Cosco debuts Global Shipping Industry Chain Cooperation Initiative

11/08/2019

China’s state-run shipping conglomerate Cosco has debuted a cross-industry pact during the World Shipping Summit in Shanghai this week in an effort to strengthen collaboration among players from different sectors in the industry.
China continues seaport consolidation as Dalian offer goes unconditional

10/25/2019

Broadford Global has made a mandatory unconditional offer for all the H shares in the dual-listed Dalian PortCo. (HKEX: 2880 and SSE: 601880) of Liaoning Province, China.The offer for Dalian Port will close on Oct. 28.
China among top 10 improvers in business climate 2nd year in a row: World Bank

10/25/2019

China is among the 10 economies where business climates improved the most, and it is on the list of top 10 improvers for a second consecutive year, according to the World Bank’s annual doing business study released on Oct 23.
China’s CNOOC says COSCO sanctions have impact but oil and gas output unaffected

10/25/2019

CNOOC, China’s largest offshore oil and gas producer, on Thursday said it would be affected by U.S. sanctions on its COSCO shipping firm but there would be no impact on its oil and gas production.
Total and Zhejiang Energy in marine fuel jv

10/24/2019

Chinese energy industry player Zhejiang Energy has entered into cooperation agreement with global integrated energy producer and provider Total to set up a joint venture for developing low sulphur marine fuel market.
China exempts more buyers from import tariffs on US soybeans: sources

10/24/2019

The Chinese government released more tax-free quotas to a new batch of crushers for purchasing US-origin soybeans, according to sources familiar with the matter.
China’s semi-finished steel imports surge on scrap ban

10/24/2019

China’s imports of semi-finished steel surged in September as a crackdown on scrap shipments saw Chinese buyers scoop up alternative forms of the metal from other Asian countries at favourable prices.
China Dominates in Oil Tanker Market as Refiners Prepare for IMO

10/24/2019

China’s demand for crude oil shows no signs of abating.
China iron ore plunges to six-week low as demand outlook dims

10/17/2019

Benchmark Dalian iron ore futures slumped more than 3% to their lowest in six weeks on Wednesday, after China’s top steelmaking city of Tangshan issued a second-level smog alert that requires mills to further limit operations.
COSCO Dalian supertanker wins temporary U.S. sanction waivers to unload oil

10/17/2019

A supertanker owned by COSCO Shipping Tankers (Dalian) has received a temporary waiver from U.S. sanctions that has allowed the ship to discharge crude oil cargoes, a source with direct knowledge of the matter said on Wednesday.
S. Korea lags behind China in shipbuilding orders last month

10/11/2019

South Korea was relegated to the second spot in global shipbuilding orders last month for the first time since April, industry data showed Thursday.
COSCO unit’s tanker delivers oil to Exxon in Singapore

10/11/2019

A supertanker owned by a subsidiary of COSCO Shipping Tanker (Dalian), under U.S. sanctions for allegedly transporting Iranian oil, has docked in Singapore to discharge Middle East crude, shipping data on Refinitiv Eikon showed on Thursday.
Chinese Oil Tankers Are Being Booked Again, But Surging Prices Will Stay High

10/11/2019

Chinese Oil Tankers Are Being Booked Again, But Surging Prices Will Stay High
Navigating the Recent U.S. Sanctions on COSCO (Dalian) and Other Chinese Companies

10/11/2019

Based on news reports, there may be as many as 50 tanker vessels indirectly owned by COSCO Dalian. In addition, COSCO Dalian has a joint venture with Teekay LNG that may be affected.
COSCO Dalian’s ships shut off tracers after U.S. sanctions announced

10/10/2019

About one-third of the oil tankers owned by COSCO Shipping Tanker (Dalian) have shut off their ship-tracking transponders since the United States imposed sanctions on the company for allegedly shipping Iranian crude, shipping data showed.

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