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

1.Shanghai will be basically built into an international shipping center by 2020,the opinions clearly pointed out that Shanghai should make new breakthroughs in high-quality service capacity. 2.Wilhelmsen Ship Management hosted a press conf

According to the opinions of the State Council on accelerating the development of modern service industry and advanced manufacturing industry in Shanghai, and to build an international financial center and an international shipping center,

Chinas demand for crude oil shows no signs of abating. There are currently more supertankers bound for the Asian nation than at any time since the start of 2017 and possibly longer. That could signal that Chinas refineries are planning to r

The board reviewed the clubs financial position, the open policy years and the requirements for the 2020 renewal at the recent board meeting. FINANCIAL POSITION This year is anticipated to result in a similar underwriting deficit to last ye

A 20-meter-long patrol boat became the first exhibit to enter the venue of the 2nd China International Import Expo, arriving at the National Exhibition and Convention Center (Shanghai) on October 22. Built by Italian shipbuilding company Fe

Port of Vancouver and Port of Yokohama have been the sister ports since May 15, 1981. Both ports have built a strong, productive friendship and collaborative relationship to promote the development of trade and commerce between the two port

Chinas liquefied natural gas (LNG) imports climbed 17.1% year on year but fell 1.7% month on month to 5.1 million tonnes in September, customs data showed on October 23. LNG imports accounted for 62.1% of total natural gas imports in the mo