BIMCO has extended its library of offshore industry standard contracts with the adoption of ASVTIME a time charter party for accommodation support vessels. Updates of BIMCOs ocean towage agreements TOWCON and TOWHIRE have also been adopted

In 2020, COSCO SHIPPING Energy Transportations profits increased by more than 2.2 billion yuan, which will enable COSCO SHIPPING Energy to have sufficient capital and confidence to invest in Russias Arctic LNG II project. On January 25, COS

The sharp plunge in bunker sales in Hong Kong in 2020, a manifestation of the slump in demand worldwide for marine fuels as well as quarantine restrictions imposed in the city-port due to the global coronavirus pandemic, has boosted bunker

The Baltic Exchanges main sea freight index on Tuesday dropped for a third straight session to its lowest in over two weeks, as a seasonal dip in Chinese demand weighed on vessel rates. The Baltic dry index, tracking rates for capesize, pan

Bawat announced that the Marine Engineering specialist company, Herbosch-Kiere has chosen Bawats Mobile containerized BWMS for its reception facility to serve its entire fleet of vessels and barges. How Bawats Mobile BWMS Works The Bawat Mo

Capacity Building Senior Officers Meeting takes place on the back of 32% increase in actual incidents in Asia in 2020 Senior officers from ReCAAP Contracting Parties as well as Indonesia gathered virtually today to gain an in-depth understa

The International Chamber of Shipping (ICS) has published the latest Flag State Performance Table (2020/2021) which finds that many of the largest flag states including the Marshall Islands, Hong Kong (China), Singapore as well as the Baham

The countdown is on: SMM DIGITAL, the leading international maritime trade fair, takes place from 2 to 5 February. The centrepiece of the event is the multifaceted conference programme. At MSD, the International Conference on Maritime Secur

Global industry and human rights leaders, including A.P. Mller - Mrsk, BP, BW, Cargill, COSCO, DOW, Euronav, MISC Group, NYK, Rio Tinto, Shell, Trafigura, Unilever and Vale, sign the Neptune Declaration on Seafarer Wellbeing and Crew Change

The Crown 63 series bulk carrier CL DENGSHA HE, built by New Dayang Shipbuilding for CDB Leasing, left the shipyard on January 20 for its maiden voyage. The vessel is the sixth of New Dayangs Crown 63 series bulk carriers chartered and buil

After a bumpy 2020, an end to the equipment shortage is in sight. A positive trend of the Container Availability Index, with values of 0.34 for 20DCs and 0.37 for 40DCS, could make Chinese New Year the turning point. Container xChange Janua

In December 2020, the Maritime Silk Road Trade Index (STI) released by the Ningbo Shipping Exchange showed that the import and export trade index was 169.85 points,up 5.41% from the previous month and up 13.34% year-on-year; the export trad

A new time charter sanctions clause specifically designed for the container shipping sector has been published by BIMCO. The BIMCO Sanctions Clause for Container Vessel Time Charter Parties 2021 is part of an initiative to create a library

Tanker shipping was in many ways the odd one out of the shipping sectors in 2020; at the start of the pandemic, the market was strong, only to finish off the year in the doldrums, while the other sectors stayed profitable. Even a demand boo

The cost of shipping goods between China and Europe has soared with pandemic lockdowns fueling an online shopping boom, and a shortage of empty transportation containers and port staff available is disrupting global trade. Shipping containe