CNOOC Ltd, the listed arm of Chinas largest offshore oil and gas producer, reported on October 24 a 27.9% jump in capital spending in the third quarter amid Beijings push to boost oil and gas exploration and production. Capital expenditure

The Hong Kong Government announced today (October 25) that the Chief Executive has approved the establishment of the Process Review Panel (PRP) for the Insurance Authority (IA) on November 1, 2019. Under the authority delegated by the Chief

1.The global standard of 0.5% m/m sulfur content in ship fuel will come into effect on January 1, 2020. At present, there are three ways for ships to meet this standard. 2.Chinas State Council has approved the merger countrys two largest sh

IMO Maritime Environmental Protection Committee at its 70th session decided to implement the 0.5% Global Sulphur Cap, and amendments, guidelines and circulars to The International Convention for the Prevention of Pollution From Ships were i

IMO Maritime Environmental Protection Committee at its 70th session decided to implement the 0.5% Global Sulphur Cap, and amendments, guidelines and circulars to The International Convention for the Prevention of Pollution From Ships were i

A new very large gas carrier (VLGC) that Japanese shipping major NYK will charter under a long-term contract to compatriot Astomos Energy Corporation has been named. The naming ceremony for the 83,000 cbm Lily Promenade was held in Kumamoto

1.Guangzhou nansha international cruise home port complex, the largest cruise home port complex in China, will open in November. 2.Chinese marine research vessel Haiyang 6 (Ocean 6) has completed its deep-sea exploration mission in the West

On 24 October, at a meeting in Shanghai, BIMCO started work to develop a new standard term sheet for ship sale and leaseback transactions. The new standard will complement the existing BIMCO term sheets for bilateral and syndicated ship fin

Chinese marine research vessel Haiyang 6 (Ocean 6) has completed its deep-sea exploration mission in the Western Pacific ocean after 122 days and 35,000 km at sea. The vessel, which is under the Guangzhou Marine Geological Survey, Ministry

On 30 August 2019 the Indonesian government announced that a ban on nickel ore exports would come into effect on 1 January 2020 two years ahead of its planned date. The news caused an immediate price spike. And while this retreated as the m

Organised by the Maritime and Port Authority of Singapore (MPA), the Chemical Spill Exercise (ChemSpill Ex) 2019 tested the readiness and response capabilities of Singapore in managing chemical spills that happen at sea. The exercise was he

Contship Italia Group, Italys leading intermodal transport and terminal operator, embarked on its fifth Asia Road Show this week and noted the increased interest from Asian shippers in the benefits of the Southern Gateway Alternative as an

KVH Industries, Inc., (Nasdaq: KVHI), a leader in mobile connectivity, announced today that it has shipped its 10,000th VSAT satellite communications system. This is the latest milestone for a company whose history of innovation in the mari

The technology group Wrtsil is among the founding members of a new alliance to provide a technical and organizational framework for safe and secure operational technology. The Operational Technology Cyber Security Alliance (OTCSA) aims to b

SEA\LNG, the multi-sector industry coalition accelerating the widespread adoption of liquefied natural gas (LNG) as a marine fuel, today welcomes Canadian LNG provider FortisBC to the growing coalition. Peter Keller, Chairman, SEA\LNG, comm