Shipping lines are gearing up to take more ships out of service in Asia, a move sparked by the coronavirus outbreak in China hitting production. The action is also expected to drive up container spot rates dramatically, and that they will r

Specialist insurer Beazley has launched its etrading platform myBeazley in Asia, providing brokers in Hong Kong and Singapore with online access to Beazleys management liability and cyber product suites. The platform, which is currently ava

The China Ningbo Containerized Freight Index (NCFI) reported a relatively big drop in freight indices in the routes to the west coast of South America. The NCFI, a wind vane of Chinas busiest ports freight rates for the international contai

Hong Kongs Orient Overseas Container Line (OOCL), now a Cosco unit, announced that its offices in North and South China have remained closed following the announcement by the Chinese government to extend the Chinese National New Year holida

Dream Cruises, a luxury cruise liner created in 2016 for Asian sourced markets, has temporarily suspended its operation in the Chinese mainland due to the outbreak of the novel coronavirus, sources with the company said. Three passengers tr

The Baltic Exchanges main sea freight index dropped for the 13th consecutive session on Tuesday as waning demand across vessels and the coronavirus outbreak dampened sentiment. The Baltic index, which tracks rates for capesize, panamax and

The 151,000 dwt cruise ship World Dream, owned by Hong Kong-based Genting has been found to have carried at least three passengers infected with the coronavirus. The three passengers took the same China to Vietnam tour. A further two are su

1.The China Council for the Promotion of International Trade issues the first force majeure certificate for coronavirus-hit businesses. 2.Freight rates for supertankers on the Mideast Gulf and U.S. Gulf routes to Asia have fallen to their l

On the morning of February 2, China Council for the Promotion of International Trade (CCPIT) issued the first force majeure certificate to an auto parts manufacturer in Huzhou, Zhejiang. If the legal proof of the failure to perform the cont

Despite overall piracy incidents declining in 2019, there was an alarming increase in crew kidnappings across the Gulf of Guinea, according to the International Chamber of Commerces International Maritime Bureaus (IMB) annual piracy report.

Freight rates for supertankers on the Mideast Gulf and U.S. Gulf routes to Asia have fallen to their lowest since mid-September as the coronavirus outbreak hit Chinese oil demand, ship brokers told Reuters. Chinas Sinopec Corp, Asias larges

Foreign trade enterprises in China will resume production capacity soon, while authorities are stepping up efforts to improve the business environment and reduce their burden, the Ministry of Commerce (MOC) said Monday. Most foreign trade e

After the outbreak of novel coronavirus, Shenzhen Customs set up a special team to monitor the epidemic situation around the clock through a close cooperation with other government departments. In all ports of the city, Shenzhen Customs has

Novel Coronavirus Precautions A novel (new) coronavirus (2019-nCoV) is causing an outbreak of pneumonia-type illness in the city of Wuhan, Hubei Province, China. This outbreak began in early December 2019 and continues to expand in scope an

Cases have been exported from Wuhan to other Chinese provinces and to Thailand, Japan, South Korea, Taiwan, Macau, Hong Kong, Singapore, Saudi Arabia, Vietnam, USA, France and Australia. Further global spread to other countries is possible.