With effect from 1st September 2020, the Maritime Port Authority of Singapore (MPA) will implement revised requirements to the process of crew changes.This is to enable crew changes to be better facilitated as well as mitigating the risk of

On August 28, CSSC released its semi-annual report for 2020, showing that the companys operating revenue was 23.216 billion yuan, down 0.66% year-on-year. The net profit attributable to shareholders of the parent company was 134 million yua

VLCC The Middle East market softened slightly with rates for 270,000mt AG/China losing 2.5 points to settle around WS30.5 and owners are facing continued downward pressure, while the trip for 280,000mt to US Gulf via the cape/cape routing e

August 28, 2020, Guangzhou Shipping ExchangePlatform (GSEP) and Industrial and Commercial Bank of China Guangzhou NanshaBranch had completed the first cross border trading of special purpose shipamong all domestic ship trading platforms, al

The Maritime and Port Authority of Singapore (MPA) will be taking enhanced measures to further secure safe port operations and facilitate crew change. This will allow essential goods to continue to flow through the Port of Singapore, and Si

This up-to-date key guidance should find its prominent place aboard every bulk carrier and in the library of every company and professional in our sector (Dr Kostas Gkonis, Secretary General, Intercargo) Bulk carriers are the workhorses of

Refinery Rationalisation Refinery rationalisation is back on the agenda. With a prolonged weakness in refinery margins due to Covid-19 related demand destruction and an uncertain future for hydrocarbon consumption, many refiners have decide

On August 27, 2020, CIMC issued a notice entitled Resignation of Chairman and President, Election of Chairman, Director, President and Appointment of special committee members of the Board of Directors. According to the announcement, Wang H

Indian state refiners have stopped buying crude oil from China-linked companies, three sources said, after New Delhis recent regulation aimed at restricting imports from countries that it shares a border with. The new regulation, put in pla

The Baltic Exchanges main sea freight index inched down on Thursday, as rates for capesize and supramax vessels declined. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, pana

PetroChina, Chinas largest oil and gas producer, reported a revenue of more than 929 billion yuan ($135.1 billion) in the first half of this year, down 22.3 percent year-on-year, according to its financial report filed with the Hong Kong Ex

Global, sector-focused law firm HFW has acted on the sale of almost half of the entire Swiss maritime fleet. HFW advised Swiss shipowner Massoel Shipping SA on eight separate vessel sale transactions, representing 40% of all Swiss-flagged c

On 24 August 2020, CSSC (Hong Kong) Shipping announced that its wholly-owned subsidiaries Fortune Wuxi and Fortune Suzhou entered into a memorandum of agreement and a bareboat charter agreement with the charterer. Fortune Wuxi and Fortune S

Newport Shipping announces it will be working with global LNG market service provider Gloryholder Liquified Gas Machinery (DL) Co., Ltd (LGM Engineering), as part of its LNG solutions offer to the market. Newport Shipping aims to meet its c

The United States on Wednesday blacklisted 24 Chinese companies. The companies blacklisted included Guangzhou Haige Communications Group, several firms that appear to be related to the China Communications Construction Co, as well as Beijin