Offshore wind sites could provide more than enough clean energy to satisfy the worlds electricity needs, said a report by the International Energy Agency (IEA). The Paris-based energy watchdog said that the falling costs of offshore wind wo

Chinas cabinet has approved a merger of the countrys two largest shipbuilders, China State Shipbuilding Corp (CSSC) and China Shipbuilding Industry Co (CSIC), the countrys state asset regulator said on Friday. The companies products range f

The Secretary-General of the International Seabed Authority (ISA) Mr. Michael W. Lodge signed a Memorandum of Understanding (MoU) to establish the first ever joint training and research center with Mr. Wang Hong, Administrator of State Ocea

Hong Kong-based carrier Orient Overseas Container Line (OOCL) said both container volumes and revenue were higher in the third quarter this year than in 2018. The COSCO-owned company said that the total volumes for the third quarter of 2019

Chinas new-type deep ocean research vessel Dong Fang Hong 3 officially joined in the Dong Fang Hong research fleet of the Ocean University of China on Friday. The 103-meter-long and 18-meter-wide research ship with a tonnage of 5,800 tonnes

From October 21 to 26, 2019, a delegation led by Chairman Capt. Xu Lirong and Executive Vice President Mr. Huang Xiaowen of COSCO SHIPPING visited important clients of the corporation in Beijing. On the afternoon of October 21, the delegati

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