A component of Singapores annual budget, unveiled on 18 February, was a five-year extension of dual tax incentives for insurers operating in the city state. The Insurance Business Development umbrella scheme and the IBD-Captive Insurances s

Edited by Seafarer Sub-Committee China MSA Dear Master, Welcome to China! This document provides some recommended measures to address COVID-19 risks on ships and personal protective measures for crew members. Chapter.01 What is it? What are

Republic of the Marshall Islands Has Been Moved to EU White List At the European Union (EU) Economic and Financial Affairs Council (ECOFIN) meeting in Brussels this morning, it was announced that the Republic of the Marshall Islands (RMI) i

China Merchants Industry recently announced that Mei Zhonghua as general manager of China Merchants Jinling Shipyard (Weihai). Mr. Mei previously served as deputy general manager of China Merchants Industry Shekou Youlian Shipyard and China

The Maritime and Port Authority of Singapore (MPA) will be giving a 50% port dues concession to passenger vessels, to provide relief to vessel owners and operators who have seen a drop in passenger volumes due to the COVID-19 (Coronavirus D

1.The Japanese government confirmed on Monday 99 more people on board the quarantined Diamond Princess cruise liner were infected with novel coronavirus pneumonia, bringing the total to 454. 2.The General Administration of Customs has come

Singapores Eastern Pacific Shipping said it is in talks to place an order for two 158,000-dwt suez oil carriers at Waigaoqiao Shipbuilding in Shanghai. Newbuildings will be scheduled for delivery in late 2021 and early 2022. Although Easter

The China maritime story last decade has been all about expansion. What have Chinese financial institutions done to the rise of China in ship finance over last decade? Smarine Advisors recently conducted an annual survey and collected data

The maritime department in east Chinas Fujian Province has beefed up remote monitoring and on-the-spot patrols to ensure the safety of key projects under construction amid the novel coronavirus epidemic. The department sent vessels to escor

Uncertainty and disruptions associated with the Covid-19 ( Coronavirus) outbreak in China continue to dog the global LNG markets. Globally, spot LNG prices remain low as the markets work through significant disruptions of cargoes that are s

Iron ore futures in China extended gains to a fifth straight session on Monday, underpinned further by data showing a drop in stocks of the steelmaking raw material at the countrys ports, and after the central bank cut its medium-term lendi

Ships passing through The Panama Canal began paying a water tax of up ro $10,000 on Saturday February 15 . For the use of fresh water they will pay , to enable the Canal authority (ACP) face the shortage derived from the climate crisis and

IMO 2020, the 0.50% limit of sulphur in ships fuel oil, has been in effect since 1 January 2020, cutting sulphur oxide emissions from ships operating worldwide. From 1 March 2020, the carriage ban on non-compliant fuel oil (except for ships

The Baltic Exchanges main sea freight index rose to a near two-week high on Monday, registering its biggest daily advance in more than two months as rates rose across all vessel segments. The Baltic index, which tracks rates for capesize, p

The General Administration of Customs has come out with 10 measures to help in the resumption of work at export-oriented firms and stabilizing trade growth, amid the coronavirus outbreak in the country. The measures are aimed at increasing