The heads of five UN organizations have called for maritime and air transport workers to be prioritized for COVID-19 vaccination, given their key role in supporting global trade and mobility, which is essential for a sustainable socio-econo

Chinas light cycle oil, or LCO, imports are expected to rally in March/April amid a possibility of imposition of consumption tax on the fuel in May, traders said. LCO, mainly supplied by South Korea, is a common blendstock for gasoil and it

MSC has approached three Chinese shipyards to order up to 27 15,500 TEU container ships at a cost of about $120 million per vessel, with a total value of more than $3.2 billion. According to the report, MSC has signed letters of intent with

There are currently around 30 tankers above 25,000 dwt waiting to cross the Suez Canal. We expect most vessels in ballast will decide to wait until the situation clarifies and, if fixed on a charter party, will likely get cancelled by chart

The ongoing blockage of the Suez Canal has resulted in ships diverting south to transit around the Cape of Good Hope, potentially taking them through the High Risk Area. It is noted that whilst the threat of Somalia-based piracy is currentl

Canal Crisis Since Tuesday, the closure of the Suez Canal has dominated mainstream media headlines around the world. At first there was a general sense that the situation would be resolved in a matter of days but here we are on Friday with

On March 25, China MerchantsEnergy Shipping released its 2020 annual report. The company achieved operating income of 18.073 billion yuan in 2020, a year-on-year decrease of 2.88%; The net profit attributable to shareholders of listed compa

The Yangtze River Protection Law of the Peoples Republic of China, as adopted on December 26, 2020 has come into force on March 1, 2021. As stipulated by Item 2 of Article 51, It shall be prohibited to transport acutely toxic chemicals by w

Benchmark Dalian iron ore rose for a third straight session on Thursday, as spot prices in China stabilised after a recent sell-off following improved demand and easing worries about production cuts in the countrys steelmaking hub. Market p

Applicability: shipowners, ship operators and ship masters. The ShanghaiMaritime Safety Administration (MSA) ofthe PeoplesRepublic of Chinarecentlyannounced,via its WeChat official account, anEnhanced Survey Port State Control(PSC) Campaign

The Oil Companies International Marine Forum (OCIMF) has today published an updated edition of the information paperGuidelines for Transiting the Turkish Straits. The Turkish Straits present a unique navigational challenge. To help the deve

Ever Given , the 20,388-TEU containership remains aground and the canal traffic is halted. A backlog of more than 180 vessels are reported to have built up as we write this report. No one really knows how long the salvage operation will las

Nor-Shipping may have postponed its summer 2021 event until January 2022, but Your Arena for Ocean Solutions isstill taking #ACTIONthis year. The Norway-based industry event week has today unveiled plans for a new initiative, Ocean Now. Thi

Results from the initial application of the unique ABS Artificial Intelligence (AI) powered Corrosion Detection digital solution show it has identified corrosion with 98.9% accuracy. The ABS AI Corrosion Detection tool continues to refine i

Passage through the Suez Canal, one of the worlds busiest shipping arteries, has remained blocked after a large container ship ran aground on Tuesday. The incident could impact the smooth flow of freight between China and Europe and shore u