The marine news publication Lloyd's List said an anonymous entity based in Dalian has bought several very large crude carriers to create the hub off the coast of Portugal

The Nord Joy fuel tanker was boarded by armed navy personnel on May 30 while anchored in Indonesian waters to the east of the Singapore Strait

California port leaders expect imports to rise as Shanghai, home to the world's busiest seaport, emerges from a two-month Covid-19 lockdown

CNOOC is the country's largest importer of the fuel and among state-owned companies leading a drive to expand capacity to meet rising import needs

In November, China reported 5G phone shipments of 28.97 million units, a year-on-year increase of 43.9%