The UK’s Department of International Trade (DIT) and the country’s Society of Maritime Industries (SMI) are teaming up to provide support for British companies preparing to attend China’s largest maritime exhibition, Marintec China, in December.
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.
Freight rates for the tanker shipping market have dropped off relatively quickly last week following the prior week’s dramatic surge, amidst a market that has seen significant adjustments for a better balance in the supply-demand equation.
A blockchain and DNA-based marine fuels tracking solution has been commercially launched last Friday following a successful trial conducted in the Netherlands in early October.
Unrest in Chile has spread to the country’s ports in the form of strikes as curfews are imposed in Santiago and other cities.