The Board of Directors (the Board) of Orient Overseas (International) Limited (the Company) has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line (OOCL) on a quarterly basis. This announcement s

1.Shipyards under the control of China State Shipbuilding Corp (CSSC) have won orders for up to 36 newbuildings worth more than CNY 10bn ($1.48bn) in a huge haul facilitated by the shipbuilding giants leasing arm. 2.On the morning of 25th J

4.Britannia gains Hong Kong underwriting licence Hong Kongs Insurance Authority has granted a licence to underwrite business in the territory to the Britannia P I Club. Gaining the licence us the latest in a string of positive growth develo

Chinese iron ore futures soared to a 16-month peak on Monday after Brazils mining agency ordered Vale SA, the worlds biggest iron ore producer, to halt operations at its Corrego do Feijao mine following a deadly tailings dam collapse. The d

Ports that announce bans on open-loop scrubbers are peddling fake news and should act on scientific grounds and ignore sensationalist statements, says the Clean Shipping Alliance 2020. Earlier this week, the UAE Port of Fujairah joined Sing

Shipping companies commonly boast of the privilege of family carriage they give to seafarers. While some of them provide this opportunity only to the top 4 ranks (Captain/Master, Chief Engineer, Chief Officer and Second Engineer), there are

The International Maritime Bureau (IMB) have issued their annual 2018 piracy and armed robbery report, which has shown an increase in reported incidents compared to last year. The IMB Piracy Reporting Centre (PRC) recorded 201 incidents of

The technology group Wrtsil has recently been awarded a number of contracts to supply its Aquarius UV Ballast Water Management System (BWMS) to global shipping operators. The systems will enable the vessels to be compliant with the Ballast

China maintained its top position in the global shipbuilding industry last year, an association said. In 2018, Chinese companies built 43.2 percent of the new ships in the world, up from 41.9 percent a year ago, cementing the countrys leadi

China National Offshore Oil Corp, a leading domestic oil and gas producer, will expand its presence in the offshore wind sector this year to develop its clean energy portfolio, following its involvement in a related project in East Chinas J

1.Sinopec Shanghai Petrochemical Co.,Ltd.began to produce low-sulfur heavy marine fuel oil from January 18,becoming the first domestic refining and chemical enterprise to produce the oil.On January 23,the first batch of 6,000 tons of fuel o

On the morning of 25th Jan., a delegation led by Mr. Oleg Butković, Minister of the Sea, Transport, and Infrastructure of Croatia visited COSCO SHIPPING headquarters. Mr. Yu Zenggang, Executive Vice President of COSCO SHIPPING met with the

Efficient, always-on fuel cells could be the centre of an innovative hybrid power arrangement that would be ideal for cruise ships, according to a new study. The project, by researchers at the cole Polytechnique Fdrale de Lausanne, has prop

Global Liquefied Natural Gas (LNG) production is on the growth trajectory as the global liquefaction capacity is expected to increase from 396 Mt in 2018 to 434 Mt in 2019. According to the energy consulting service company Rystad Energy, m

China imported 1.44 million mt of LPG in December, up 13.5% from November, but down 9.3% year on year, the latest data released by the General Administration of Customs showed Friday. A combination of lower import price, better cracking mar