The Asia-Pacific Long Range 1, or LR1, tanker rates have hit their highest in over six months as many ships have been taken up for loading oil products out of China, delaying their return to the Persian Gulf, market participants said Dec. 1

ReCAAP Information Sharing Centre today issued the November 2020 Report as well as an accompanying set of presentation slides on the situation of piracy and armed robbery against ships in Asia. Summary of Situation of Piracy and Sea Robbery

Borders are closed, crew change prohibited and even if you manage to find a window of opportunity to disembark, there may be zero chance for a direct flight home. Since COVID-19 spiralled out of control, border restrictions have routinely p

The shockwave from Chinas de-facto ban on Australian coal imports is still rippling through the coal market as price volatility continues and trade flows are adjusting. China domestic coal prices have moved northwards since their nadir Apri

Norwegian energy major Equinor has signed a deal with Yxney to roll out the Maress software for data driven decarbonization for their chartered offshore service fleet operating in Norway. The new contract is a timely fit with Equinors expre

On December 8, SIPG, COSCO Shipping and other enterprises jointly initiated the establishment of Chinas state-owned enterprise mixed ownership reform fund Co., LTD. The registered capital of the company is 70.7 billion yuan, and SIPG plans

On International Anti-Corruption Day 2020 (9 December), IMO Secretary-General Kitack Lim has highlighted the Organizations support for the fight against corruption in all its forms. In his statement issued on the Day, Mr. Lim acknowledged t

Ulsan and Singapore, December 09 2020. A coalition of some of the leading names in sustainable shipping have collaborated on a Joint Industry Project to enable product tanker charterers and shipowners to utilise Methanol as fuel regardless

Following the worldwide news that vaccines for COVID-19 are now a reality, it is paramount that authorities give priority to seafarers in their vaccination programmes, says INTERCARGO, the organisation representing the worlds quality dry bu

Leading global coatings manufacturer Hempel has enhanced its established and proven Olympic+ and Oceanic+ antifouling range and is, today, launching five new antifouling solutions: Oceanic Protect+, Oceanic Flex+, Olympic Protect+, Olympic

Leading publisher of maritime market benchmarks, the Baltic Exchange, has launched a new service for shipping investors which provides a snapshot five-year view of the financial prospects of dry bulk carriers. The Baltic Exchange Investor I

Korean Register (KR) and DSME have competed the worlds first ship to ship (STS) LNG loading for gas trial. The SM JEJU LNG2 has supplied LNG in the STS gas-trial to a 173.400 cbm LNG carrier. The demonstration test took place at DSMEs Okpo

2020 has been a year with challenges. A.P. Moeller - Maersk had to adapt to unfamiliar and uncomfortable situations and constant change. Therefore Maersk announced that employees below the executive level will receive a one-time Exceptional

On December 8, China Merchants Energy Shipping announced that it would provide guarantees for its affiliated joint venture. The announcement shows that the name of the guaranteed party is ORE WUHAN HK LIMITED, which is a wholly-owned single

The global container ship market is booming. Wan Hai Lines has not only increased its entry into the market this year, but also authorized the management team to evaluate the purchase of several second-hand ships at 360 million US dollars (