China Merchants inks LNG carrier deal with Sinochem

China Merchants Energy Shipping (CMES) has landed a long-term charter agreement with Sinochem Petroleum Shipping Singapore, a subsidiary of Sinochem Energy, for three of its liquified natural gas (LNG) carrier newbuilds. The Shanghai-listed energy transport unit of China Merchants Group said the deal involves the 175,000 cu m trio built by Dalian Shipbuilding Industry Corporation

China Ramps Up LSFO Production 30%, backing Bunker Fuel Hub Ambitions

China more than halved the volume of export quotas for refined fuel, predominantly gasoline, diesel and aviation fuel, under the first allotment for 2022, while raising the allowances for low-sulphur fuel oil by 30%, industry sources said on Tuesday. The deep cuts to refined fuel, largely expected by the market, was in line with the