The Government will amend the Merchant Shipping (Prevention of Oil Pollution) Regulation, the Merchant Shipping (Prevention of Pollution by Garbage) Regulation and the Merchant Shipping (Prevention of Air Pollution) Regulation to incorporat

Chinas imports of both semi-finished and finished steel products surged in April, as prices and demand in China were stronger than in other markets. The strong imports are likely to continue into Q3, as import orders placed by Chinese buyer

The subcommittee set up by BIMCO and the Association of Ship Brokers Agents (U.S.A.), Inc. (ASBA) to develop a new gas tanker voyage charter party (ASBAGASVOY) has agreed on a final draft which will be presented for adoption by the BIMCO Do

VLCC Another quiet week for the spot market in the Atlantic and Middle East, with owners unable to make much headway on rates. In the Middle East, rates for 270,000mt to China have bounced around WS60 level up from last weeks WS57.5. Rates

Global shipping continues to operate 24/7 to bring food and essential goods to our homes. The Maritime and Port Authority of Singapore (MPA) recognises the importance of seafarers and crew change to safeguard the health and safety of seafar

On June 11th, the second 82,000 dwt bulk carrier No. 12 GOLDEN FORWARD built by DSIC Shanhaiguan Shipbuilding for Frontline was completed and delivered to the factory! This ship is the first ship delivered by DSIC Shanhaiguan Shipbuilding t

On June 11, the board of Directors of Qingdao Port International agreed to elect Jia Funing as chairman of the board for the third term. Agreed to elect Su Jianguang as vice chairman of the board of directors for the third term; Agree to ap

1.IMDA, M1 Limited and the Maritime and MPA have partnered with Airbus and to conduct coastal 5G standalone (SA) network trials at the Singapore Maritime Drone Estate. 2.Wah Kwong takes another stride in its business strategy to serve as a

For smaller vessels like handymax bulkers or product tankers, the cost of installing a scrubber for SOx compliance has sometimes outweighed the benefits. Now Alfa Laval PureSOx Express makes it simple for these vessels to continue using HFO

The Legislative Council passed the government bill to amend the Inland Revenue Ordinance (IRO) to introduce a new tax regime to promote ship leasing (tax rate: 0%) and ship leasing management (tax rate: 8.25%, i.e. half of corporate profits

The latest International Energy Agency (IEA) report on the global natural gas market makes sombre reading, especially for current and would-be producers of the super-chilled version of the fuel. No doubt much of the commentary on the report

The importance of collaboration between all maritime sectors has been thrown into the spotlight during the COVID-19 pandemic and will be needed more than ever in the recovery phase, IMO Secretary-General Kitack Lim told a webinar on ship-sh

Brazilian miner Vale shipped a larger proportion of its iron ore products to China at the expense of Europe and other Asian customers in April, according to trade data. This comes as Vales volumes recovered compared with earlier in the year

The Central Committee of the Communist Party of China and the State Council, Chinas Cabinet, recently released a master plan for the Hainan Free Trade Port. Eleven key industrial parks were unveiled on June 3, marking the start of construct

Oil prices dropped considerably on Thursday as investors grew concerned over a re-acceleration in virus infections, which would dampen the outlook for crude demand. The West Texas Intermediate (WTI) for July delivery shed 3.26 U.S. dollars