Recently China COSCO was notified by League of American Communications Professionals (’LACP’) that its 2008 annual report and monthly IR newsletter gained the sliver and bronze awards respectively. The 2008 annual report and monthly IR newsletter scored 96 and 95 (out of 100) respectively, which were among the highest score range.

The competition committee highly appreciated the annual report and IR newsletter. The judge commented the 2008 annual report as ‘an excellent resource for readers looking to understand the complete breadth and scope of the organization’ and the IR newsletter as ‘a very professional and well-published newsletter’, which ‘positions the organization as being blue-chip in nature and a leading pillar in both its industry and the greater business community’.

Source: COSCO

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• IEA raises oil demand outlook in China Consumption

    The International Energy Agency on Wednesday raised its forecast for 2009 and 2010 global oil demand, citing strong consumption in Asia, especially China, the world’s second-biggest consumer. In a monthly report, the energy adviser to 28 developed countries revised its forecast upward by 190,000 barrels a day for 2009 and 70,000 barrels

• OPEC sees danger of overproduction

    The Organization of the Petroleum Exporting Countries (OPEC) warned in a report released on Wednesday that its members might be pumping too much oil given the uncertain global economic outlook. The cartel’s latest monthly market report came one week before the next regular OPEC meeting in Vienna, where oil ministers

• Mermaid publishes annual report for 2009

     Mermaid Maritime Public Company Limited?wishes to announce that its Annual Report for the financial year that ended on 30 September 2009 is now available for downloading from our website. In the website, please find the ‘Quick Downloads’ menu located to the right of the main page and click on ‘Latest

• China Petroleum

    China Petroleum & Chemical Corp., the nation’s largest oil refiner, said its operations face risks and uncertainties next year because of volatile global crude prices and rising domestic chemical capacity. Both the oil products and chemical businesses will face “fierce” competition and the first quarter of next year will be

• Oil rises above $ 80 a barrel in Asia

    Global oil prices rose marginally in Asian trade Friday mainly after a US report showed healthy signs in world’s largest economy. Light sweet crude for December delivery was seen trading at $80.04 a barrel at 11.30 a.m Singapore time while Brent crude was at $78.01 at the same time. On

• Taipei Port berths 3, 4 to open in 2010

    Taipei Port Container Terminal (TPCT) in Taiwan is expected to open berths number three and four in 2010, after its first two berths officially began operations in March with a combined annual container handling capacity of 1.1 million TEU. Berth three is expected to open in June 2010, followed by

• Panama throw out more than 170 vessels

    The Panama Maritime Administration (PMA) says it has cancelled the registration of 73 vessels a 101others are going through the same legal process and that tough action is cutting the number of detentions..

• China crude oil stocks down 2 / 8 PCTs in June Xinhua –

     China’s crude oil stocks stood at 37.7 million tonnes or 275 million barrels at the end of June, down 2.8 percent from a month earlier, a newsletter run by the official Xinhua news agency reported on Monday. Gasoline inventories held by CNPC and Sinopec Group, the country’s dominant fuel suppliers, were

• Venezuelan oil production to 2.3 million barrels per day

    Figures from the Organization of the Petroleum Exporting Countries (OPEC) show a decrease in oil production in Venezuela. According to the latest OPEC report, local oil production in November stood at 2 million 317 thousand barrels per day, lower than 2 million 329 thousand barrels a day in October. However,

• OPEC to Keep Output As Is \ u0026quot, said Kuwait Oil Minister

    The Organization of Petroleum Exporting Countries will leave its crude production target “as is” at a December meeting and will ask members for better adherence to quotas, Kuwait’s oil minister said.

• IEA Cuts 2030 Oil Demand Forecast for Economy, Climate Policy

    The International Energy Agency cut its long-term forecast for global oil demand as the economic crisis saps consumption in developed economies and environmental policies encourage alternative energy use. Global oil demand is expected to advance 1 percent a year to 105 million barrels a day by 2030 from 85 million

• Suez Canal revenues up 1.6 percent in January

    Suez Canal revenues dropped by 1.6 percent in January to 383.6 million U.S. dollars compared with 389. 7 million dollars in the previous month, a report issued by the Cabinet Information and Decision Support Center said Tuesday

• NMDC may go for monthly contracts

    NMDC, the world’s eighth largest iron ore producer, might go in for monthly fixing of iron ore prices, a company official said.

• Asia-Europe container is higher

    The year long decline in Asia-Europe container traffic is slowing and freight rates are rising, according to the latest figures from ocean carriers. Shipments from Asia to Europe fell 10 percent in October to 962,818 twenty foot equivalent units from 1.075 million TEUs a year ago, the European Liner Affairs

• Container ship supplies continue to flow into crowded market

    Israeli shipping line Zim has taken in charge the Zim Moskva, the first of two 4,330-TEU container ships originally ordered in May 2006 from the Hanjin-Philippines shipyard by German owner NSC Schiffahrt and sold in September 2007 to Allocean, and fixed by Zim in early 2008, according to an Alphaliner