The VLCC market can look to an expected improvement in US Gulf exports to China over the coming weeks, though uncertainties will kick in by early-November, according to analyst Poten & Partners.
China's Guangzhou Port and Shaoguan city in Guangdong province have signed a cooperation agreement to invest in over RMB1bn ($146.4m) to develop a terminal project at Shaoguan port.
Almost six months after Chinese shipbuilders resumed operations following the country’s extended lockdown, production is starting to return to more normal levels at the world’s largest shipbuilding market.
Container volume at major Chinese ports increased 2.9% year-on-year in mid-August, according to statistics released by the China Ports and Harbours Association.
Brazil’s Vale and China’s Ningbo-Zhoushan Port Group have inaugurated the operation of the Shulanghu Grinding Hub at Ningbo-Zhoushan port.
Orient Overseas Container Line (OOCL) will offer two new China to Southeast Asia services next month to enhance its market coverage.
The Chinese Ministry of Transport (MOT) signed agreement with maritime authorities from Hong Kong and Macao for maritime cooperation in Guangdong-HongKong-Macau Great Bay area.